<ul><li>Memecoins, fueled by meme-inspired communities, have gained popularity in the crypto market.</li><li>These cryptocurrencies rely on fun communities and memes to attract users and traders.</li><li>The market capitalization of memecoins is over $50 billion, showing the growth and speed at which these communities can expand.</li><li>While memecoins have the potential for viral growth, they also often experience pump-and-dump schemes.</li></ul>

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