MEMECOIN MARKET MAP - A $120B ASSET CLASS

Summary from the TLDR Crypto newsletter

The memecoin sector has been leading the industry in terms of mindshare and retail volume, surpassing DeFi with a market cap exceeding $120 billion. It has evolved since Dogecoin's early dominance through various phases, including the rise of Shiba Inu, Pepe, and Solana-based memes, with new trends emerging nearly weekly this year. Dog-themed tokens remain the largest category, but new coins in the Internet Culture and Sentient AI categories are emerging. Memecoins will likely follow the broader crypto market, with a few established coins maintaining longevity while new opportunities in untapped themes.