Silicon valley has rediscovered memecoins.

Tech founders are suddenly launching memecoins like it's 2021 again. 

Venmo’s co-founder launched one. 
A Vine co-founder joined in. 

VCs who once dismissed crypto as “too volatile” are now waxing poetic about tokens as “expressions of viewpoints.”

The numbers are wild.
Memecoin on Solana are hitting $230M market cap in hours (then collapsing below $100M the next day)

We all know what happened with $TRUMP & $MELANIA
I think this is all about liquidity sloshing between hype cycle.

But this an evolution of capital formation or just the latest speculative bubble?

History says both. 

Memes are testing what happens when startups launch tokens before they even have products.

Will this last? 
Probably not in its current form.
But underestimating experimentation in crypto has always been a mistake.