Rise of Memecoins: Impact on Cryptocurrency Market Sparks Controversy
Since the beginning of April, the cryptocurrency market has seen a surge in new token creation, with over one million new tokens coming into existence. Ethereum alone has welcomed over 370,000 new tokens, while Solana has seen the launch of more than 640,000 new tokens, predominantly memecoins. During this period, the Ethereum network has introduced 372,642…