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
DOGE-0.59%
PEPE0.37%
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