The rise of memecoins in the crypto community has been fueled by increased money supply and investors' appetite for high-risk assets. Memecoins have tripled in value and experienced a 22% surge after the US election result. A recent Binance report shows that the rising money supply has driven more investment into riskier crypto assets, including memecoins. The report also highlights the trend of new crypto projects relying on private venture capital funding, leading some traders to seek memecoins instead. However, there are concerns about memecoins being influenced and controlled by insiders, leaving regular retail traders at a disadvantage. It is worth noting that most memecoins in the market were created within the last year, but the survival rate has been low with 97% of memecoins "dying." Memecoins are known for their speculative nature, and while they have seen significant gains in the market, their long-term sustainability is questionable.



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