Memecoin $79B rally means capital has nowhere better to go:
On Friday, the memecoin market cap surged further, peaking at $79 billion. This represented a 43% surge from its valuation at the end of June. At the time of writing, the memecoin market cap had dropped slightly to $78.81 billion.
The memecoin sector surged to $72 billion in July, up 29% from a $55 billion market cap on June 30. Behind the rally was a mix of memecoin presale hype, community momentum and a new memecoin launchpad gaining traction on Solana.
On Friday, the memecoin market cap surged further, peaking at $79 billion. This represented a 43% surge from its valuation at the end of June. At the time of writing, the memecoin market cap had dropped slightly to $78.81 billion.
