Memecoins exploded in popularity for a reason that's pretty straightforward when you think about it. People got exhausted dealing with those high FDV, low float projects that only go down after launch. You know the type - teams and early insiders cash out while retail gets stuck holding bags, all while claiming they've built some "revolutionary" technology. But here's the thing: dig deeper and it's usually just recycled code dressed up in fancy marketing speak.

With memecoins though? The appeal is different. Most of them launch with full token distribution right from the start. No sneaky unlock schedules. No insider allocations that dump on the community months later. What you see is what you get - the entire supply is out there, and everyone's playing the same game. Sure, memecoins are speculative and driven by hype, but at least the playing field feels more level. No promises of world-changing tech that never materializes, just pure market dynamics and community sentiment.

That transparency around token supply hit differently for a lot of traders burned by traditional project launches. When the fifth "Ethereum killer" in a row turns out to be another slow bleed while insiders quietly exit, you start questioning the whole "invest in fundamentals" narrative. Memes don't pretend to be anything they're not, and ironically, that honesty became their biggest selling point.