The digital asset team of Franklin Templeton stated that although meme coins lack intrinsic value propositions, there is a strong correlation between their price spikes and the growth of user wallets on underlying blockchains.It is reported that meme coins may offer "opportunities for investors to quickly profit" and have gained viral spread in the past year "due to their unique nature."As meme coin trading activity increases, active addresses on various blockchain networks also increase, including BONK on Solana and the Avalanche Foundation's recognition of meme coin value.
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Franklin Templeton: Although memecoins lack intrinsic value, there is a strong correlation between their price surge and blockchain user wallet growth
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Musk said he liked the "WOULD" meme, and the related tokens rose 400 times in a short period of time
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Why is Solana's Dogwifhat (WIF) memecoin crashing?
WIF price risks declining by another 48% due to the formation of a classic bearish reversal setup.
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Why is Solana's Dogwifhat (WIF) memecoin crashing?
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