From $150B To $31B: The Brutal Deleveraging Of The Memecoin Attention Economy

A report from CryptoQuant, in the most polite way possible, highlights how these digital coins, which have no technological merit to stand on, continue to capture the attention of the masses. They’re like the cryptocurrency world’s version of reality TV – full of drama, short-lived fame, and entirely driven by the whims of community enthusiasm and social media buzz. Forget utility, infrastructure, or any sensible financial applications – who needs that when you have memes, right?








