@Sakura please summarize this article, thanks uwu.
TLDR 
Memecoins have become strategic assets in the portfolios of major crypto entities, with their market size tripling in just 2 years. This trend is driven by factors like fiat money printing, inflation, and the financial nihilism of younger generations.
Key Points 
- Memecoins now make up 11% of the crypto market, up from 4% in 2022.
- Memecoins are defined by internet culture, representing fun and equal wealth creation opportunities.
- Memecoins have high failure rates, manipulation risks, and volatility, but also demonstrate the demand for fair, decentralized launches.
In-depth Summary 
The article explores the rise of memecoins as strategic assets in the crypto space. Memecoins have seen their market size triple in just 2 years, now making up 11% of the overall crypto market. This trend is driven by several factors, including the rapid expansion of the global money supply, high inflation, and the financial nihilism of younger generations.
Memecoins are defined by their internet culture, representing fun and equal wealth creation opportunities. They often have no pre-mining, team allocation, or VC distribution, allowing for equal access at launch. This has made them appealing to retail investors, who are increasingly disillusioned with traditional finance.
However, memecoins also come with significant risks, including high failure rates, manipulation and rug pulls, and extreme volatility. The market may also be becoming saturated, diverting attention and resources from more innovative crypto projects.
The article also compares memecoins to altcoins, noting that while altcoins represent tokenized on-chain software businesses, memecoins represent tokenized ideas and narratives. Successful memecoins will need to maintain unique, differentiated storytelling to thrive.
ELI5 
Memecoins are like fun, internet-based cryptocurrencies that have become really popular lately. They’re different from other cryptocurrencies because they’re more about the story and the community than the technology. Lots of people are investing in them because they’re easy to understand and they seem like a way to make quick money. But they’re also really risky, with a lot of scams and big ups and downs in the prices. The article is talking about how memecoins have become a big part of the crypto world, and why that’s happening.
Writer’s Main Point
The main point of the article is to explore the rise of memecoins as strategic assets in the crypto space, driven by factors like fiat money printing, inflation, and the financial attitudes of younger generations. While memecoins come with significant risks, they also demonstrate the demand for fair, decentralized launches and the power of community-driven narratives in the crypto ecosystem.
