Last Year Meme Coin Market Cap Increased by 500%... "Change in the Nature of Capital Markets"

There is an opinion that meme coins are changing the nature and essence of capital markets beyond the virtual asset (cryptocurrency) market.

On the 2nd (local time), virtual asset venture capital DWF Labs reported, "Dogecoin, which started as a satirical commentary on virtual assets, has now evolved into a market that attracts capital flow and institutional interest," and "It shows a broad change in young generation's investment, wealth creation, and community building."

According to data, the market capitalization of meme coins surged by over 500% from $20 billion to $120 billion over the past year 2024.

The report stated, "Blockchain has disrupted the existing public offering paradigm through tokens. Before the adoption of blockchain, companies had to prove their operational details, revenue growth, and finances, but with blockchain, anyone can launch assets, leading to the democratization of essential accessibility based on ideas."