#MemecoinSentiment The meme coin sector reached $79 billion in market capitalization on Friday, representing a 43% surge from its $55 billion valuation at the end of June.

Industry leaders remain divided on the meme coin resurgence, with some celebrating retail momentum while others question its impact on crypto's reputation.

Xion CEO Anthony Anzalone argues meme coins destroy the industry’s legitimacy work, suggesting the surge indicates "capital doesn't have anywhere better to flow."

Neiro community lead S counters that meme coins remain "the most attractive segment" in crypto, pointing to projects building new technology.

The rally was driven by meme coin presale hype, community momentum, and new launchpad traction on Solana, with sentiment #undoubtedly flipping to the bullish side.