2024's memecoin wave differed from previous cycles: Solana's near-zero fees enabled fractions-of-a-cent trading, pump.fun made token launches trivial (anyone can deploy in 30 seconds), and TikTok-driven narratives moved faster than any previous cycle. 99%+ of launched tokens went to zero within weeks. A handful made creators millions. The phase tested whether 'casino use' is good or bad for crypto's long-term narrative.
culture·March 15, 2024
Solana Memecoin Summer
WIF, BONK, POPCAT and dozens of Solana memecoins reach multi-billion-dollar market caps. pump.fun launches.