Meme Coins Not Doing Much for Crypto User Adoption Just yet: Analyst

The crypto market saw $2.3 billion in meme coin trading volume last week – a six-fold rise from the preceding week's $387 million to the highest since May 2021, according to blockchain observer James Tolan's Dune analytics-based tracker. "Meme coins... they get a lot of mainstream media headlines," Bitwise Crypto Analyst Ryan Rasmussen said, "[but] they aren't really doing a whole lot to move the needle on user adoption to onboard those next 100 million users."