The memecoin frenzy in the digital-asset market continues unabated, with trading volumes reaching levels not seen since before the last crypto bubble burst over two years ago. According to Kaiko, trading volume for the top crypto memecoins hit approximately $80 billion in the past week, marking the highest point since October 2021. The total market value of memecoins has now surpassed $60 billion, with some reports indicating the market cap exceeding $50 billion. This surge occurs despite the highest interest rate levels across major central banks in two decades, signaling a potentially uncharted market territory. Additionally, prominent firms like Andreessen Horowitz and Haun Ventures, with Andreessen actively deploying a record $4.5 billion fund raised in May 2022 according to General Partner Arianna Simpson, are significantly investing in the crypto industry, which is currently experiencing a resurgence, highlighted by a new all-time high for the price of Bitcoin and fresh funding deals for startups.
"Andreessen had been actively deploying the record $4.5 billion fund it raised in May 2022, according to General Partner Arianna Simpson. She said she’s witnessed key changes in crypto venture, including large funding rounds getting done, deal pace picking up among early-stage… https://t.co/e7LE95Z298
Firms including Andreessen Horowitz and Haun Ventures are all in on crypto as the industry celebrates a comeback heralded by a new all-time high for the price of Bitcoin and fresh funding deals for startups. https://t.co/LKhopV3dZG
Firms including Andreessen Horowitz and Haun Ventures are all in on crypto as the industry celebrates a comeback heralded by a new all-time high for the price of Bitcoin and fresh funding deals for startups. https://t.co/7Sgp1Mtx5V
Firms including Andreessen Horowitz and Haun Ventures are all in on crypto as the industry celebrates a comeback heralded by a new all-time high for the price of Bitcoin and fresh funding deals for startups. https://t.co/mscb0pjmdP
Memecoins are starting to make headlines now like NFTs did in 2021. https://t.co/uKoq2tyOWn
Memecoins are big business now. L1s are encouraging them to build on their networks, VCs are investing in them, asset managers are doing research reports. Don't fade the memecoin trade https://t.co/cpztWPSsX1
Despite the highest interest rate levels across major central banks in two decades, meme coins have exceeded $50 billion in market cap and $80 billion in weekly trading volume. It seems like we are in a completely uncharted market territory🤔 https://t.co/jFN9MvpqUg
Despite the highest interest rate levels across major central banks in two decades, meme coins have exceeded $50 billion in market cap and $80 billion in weekly trading volume🤔 https://t.co/8kGQm8vtoq
The memecoin frenzy in the digital-asset market shows no signs of stopping, with trading volumes now at levels last seen just before the burst of the last crypto bubble more than two years ago, per Bloomberg: https://t.co/Nmp3klhWAn
Kaiko: trading volume for the top crypto memecoins reached ~$80B in the past week, the highest since October 2021; total market value of memecoins topped $60B (@muyaoshen / Bloomberg) https://t.co/9FHluAC679 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/SdrluIAwnI
The memecoin frenzy in the digital-asset market shows no signs of stopping, with trading volumes now at levels last seen just before the burst of the last crypto bubble more than two years ago https://t.co/XcmAkqIoYJ