The peak of memecoin mania may have passed, according to prominent figures in the cryptocurrency industry. The decline in value of memecoins such as TRUMP and MELANIA, as well as the involvement of memecoin platforms in money laundering, suggests that the memecoin bubble has burst. Even Solana, the blockchain hosting most memecoins, has seen a significant decrease in market capitalization. Investors have lost millions in memecoins launched by celebrities and brands, leading to a decrease in demand. Memecoins are considered worthless and often promise no value or long-term development, allowing creators to avoid regulations from the US Securities and Exchange Commission. However, it is too early to conclude that memecoins will never recover, as they have experienced cycles of popularity in the past decade.



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