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8% of the top 100 cryptocurrencies are literally meme coins, with a combined market cap of over $30 billion
Zero revenue. Zero products. Zero employees.
And we still wonder why we’re not taken seriously
Networks valued at billions of dollars have fewer than 10,000 users, and even less daily revenue
8 out of the top 100 are pure meme coins
• Southwest Airlines: market cap $19.4 billion
• Dogecoin: $18.5 billion
One company operates more than 800 aircraft and transports millions of people. The other is a 13-year-old dog meme
• Under Armour: ~ $2.6 billion valuation with over $1 billion in annual revenue
• Pepe: ~ $1.6 billion
Zero revenue. Zero employees. Zero value.
Just a picture of a frog…
That’s more than dozens of real companies with factories, employees, and customers
Meanwhile, most tokens in the top 100 have almost no real usage and little revenue
And there are a dozen or so projects that raised funding with a valuation of $1 billion+ in 2021–2022
In total, they raised more than $2 billion with a combined valuation exceeding $100 billion. Now they’re worth less than they raised
Together, they have fewer users and revenue than a lemonade stand in your backyard
This is what crypto looks like in 2026. And it clearly needs changes