Meme coins are what they are: highly speculative investment vehicles. That there appears to be a near endless amount of interest and capital to plow into them essentially proves that 'speculation is a use case,' no matter whether you agree with the sentiment there.
As Riva Tez put it in her recent speech at Consensus 2024, meme coins are helping crypto win the 'narrative war' by fulfilling a genuine need that people have. Meme coins meet people where they are.
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