Global #Meme coins

Once again, meme coins are dominating the narrative as the crypto market enters the second phase of the bull cycle, overshadowing even Bitcoin's return to the $71,000 range.

CorgiAI, a relatively obscure meme coin, has surged in popularity, now ranking as the eighth largest meme coin by market cap according to CoinGecko.

Since the start of April, the creation of new tokens has surged, surpassing a million in total, with over 370,000 appearing on Ethereum, largely attributed to activity on Coinbase's Layer 2 network, Base.

The official Floki (FLOKI) cryptocurrency account on Twitter recently issued a cautionary tweet advising holders and supporters to exercise caution and refrain from relying on unverified sources of information about FLOKI.

A notable trend has emerged within the world of meme coins, where investors are showing a newfound interest in country-themed tokens in anticipation of the upcoming Paris Olympics.

Meme coins appear to avoid the regulatory obstacles that more substantial cryptocurrencies face in the ever-changing crypto landscape. While humorous tokens like Dogecoin are thriving, firms hoping to introduce useful cryptocurrencies confront enormous obstacles.