Some Thoughts on The Memecoin Narrative (3 minute read)
The memecoin ecosystem has expanded dramatically since 2020-21, when the only options were DOGE, SHIB, and a few other Ethereum-based tokens. New tooling has made creating memecoins significantly easier, requiring no coding skills, and new token standards like Runes and DN404 create more opportunities for unique designs. Supply far outstrips demand, making memecoins a high-risk, low-reward opportunity.