TL;DR

• ‘Culture coins’ are a new sub-genre of meme coins, which have outperformed Ethereum Layer 2’s by 33x, and Real World Asset projects by 4.6x!

Full Story

Turns out memecoins have gotten so popular that they now have their own sub-genres…

(Some of which are VC endorsed — which is something we never thought we’d say with a straight face).

Here’s the gist of what’s happening: 

Have you ever said a slang word ironically, like YOLO. 

…then, a few weeks later, you’re still using it but all the irony has run bare and it’s just something you say now?

Memecoins are following a similar trajectory.

They started out as jokes centered around funny animals (mostly dogs) on Twitter/X, but now the broader crypto space is seeing a weirdly consistent amount of gains from memecoins.

And with that has come a rebrand (of sorts), for a particular sub section of memecoins which VC analysts are now calling ‘culture coins.’

These are coins that form particular kinds of communities around them — usually focused on politics, religion, consumer goods, sports, etc…

And (apparently) these ‘culture coins’ have outperformed Ethereum Layer 2’s by 33x, and Real World Asset projects by 4.6x!

File this one under ‘proof that we’re definitely living in a simulation.’