“Meme coins are not the end of the crypto industry,” experts say after the rapid rise in popularity of meme coins such as “Pump.fun,” which reached $100 million in revenue in just 217 days. Despite 99% of meme coins dying within the first week, users continue to create millions of new coins, and the total market capitalization of meme coins on CoinGecko has reached $40 billion.

However, many crypto enthusiasts are concerned about how this affects the industry’s reputation. “It’s the worst aspects of our industry condensed into one epilepsy-inducing website,” said University College Dublin lecturer Paul Dylan-Ennis. But despite all the chaos, real utility from cryptocurrencies is already here.