meme coins
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F07%2Fkamala-harris-pointing.jpg&w=1536&q=40)
Polymarket betters say Kamala Harris has better odds than Biden of winning against Trump
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F07%2Ftrump-pointing.jpg&w=1536&q=40)
It’s not yet clear whether Donald Trump is pumping bitcoin. But an unofficial memecoin is still seeing benefit.
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F06%2Fcentered-solana-.jpg&w=1536&q=40)
Plus, Solana fell roughly 12% on the week, and for some memecoins the drawdown was even more aggressive
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F06%2Fmirage-memecoins.jpg&w=1536&q=40)
While memecoins may seem harmless, I believe this speculative playground is detrimental to the long-term health of the DeFi
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F06%2Fsolana-tokens.jpg&w=1536&q=40)
Also, a new non-custodial wallet on the scene lets you transfer digital assets through a simple link
![article-image](/_next/image?url=https%3A%2F%2Fcms.blockworks.co%2Fwp-content%2Fuploads%2F2024%2F06%2Fsolana1.webp&w=1536&q=40)
We finally have the tools to stop wallowing — and do something — as our industry’s innovations are reduced to gimmicks and get-rich-quick schemes
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F06%2FBRETT.jpg&w=1536&q=40)
Amid a big push for developers to experiment with Base, native memecoin Based Brett has rocketed
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F06%2FBase-Coinbase.jpg&w=1536&q=40)
Roaring Kitty held a livestream on Friday that didn’t do the overall market, or GameStop shares, any good
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F06%2Fgary-gensler-finger-pointing.jpg&w=1536&q=40)
Plus, Robinhood announced that it entered into an agreement to acquire Bitstamp, one of Europe’s largest and longest-serving crypto exchanges
![article-image](/_next/image?url=https%3A%2F%2Fblockworks-co.imgix.net%2Fwp-content%2Fuploads%2F2024%2F05%2Fpumpfun-1.jpg&w=1536&q=40)
Plus, Ryan Salame’s got a classic case of the Twitter fingers and has been quite active on social media
Get the daily newsletter that helps thousands of investors understand the markets.