Why Are Analysts Warning of the Memecoin Saturation

Krutika Adani

Recently, there has been a lot of meme coin activity in the markets

Analyst Crypto Koryo has warned the markets of meme coin saturation and a bubble

There have been around 138 meme coin launches in April 2024

This rise in meme coins has also led to a subsequent rise in meme coin fraud

The analyst advises users to let meme coins gain traction before they decide to invest.