The crypto market is showing signs of shifting as more mainstream tech players launch or endorse memecoins, despite recent collapses and bad press. Venmo co-founder Iqram Magdon-Ismail recently launched a token for his new startup called JellyJelly, which quickly reached a market capitalization of over $230 million before crashing to under $100 million less than a day later. Sam Lessin, a general partner of Slow Ventures, also promoted a memecoin and emphasized its role as an expression of a viewpoint. However, not everyone believes that memecoins will be beneficial for startups in the long run due to attention dilution, negative investor sentiment, and regulatory risks. Despite differing opinions, the trend of memecoins gaining traction among tech players continues.



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