Galaxy Digital says meme coins have grown into a core crypto sector

Meme coins, once dismissed as internet jokes, have now established themselves as a core element of the cryptocurrency space, according to a report from crypto financial services firm Galaxy Digital. The firm noted that the sector has grown to exert both cultural and economic influence, with investor interest expanding beyond early mainstays like DOGE and SHIB. The report explained that the unique blend of humor and speculative sentiment in meme coins captures the attention of investors and capital, thereby attracting new users to the market.