The meme coin sector, once propelled to a staggering $150.6 billion valuation by a wave of political-themed tokens, has suffered a catastrophic 69% collapse within a single year. According to CoinGecko’s 2025 State of Meme Coins report, this dramatic boom-and-bust cycle underscores the extreme volatility and sentiment-driven nature of this speculative asset class. While the crash has exposed rampant risks, from rug pulls to fake demand schemes, the report suggests a potential evolution for some projects beyond pure speculation into decentralized finance and gaming ecosystems.
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DEGEN
Crypto Bounty Aims to Break Skateboarding World Record
A novel cryptocurrency project called POIDH is attempting to merge decentralized finance with physical achievement by offering a 10 million DEGEN token bounty—worth approximately $28,000—to anyone who can break the 12-year-old Guinness World Record for most skateboard kickflips in one minute. The initiative represents a growing trend of using crypto incentives to motivate real-world behavior, attracting interest from both amateur enthusiasts and professional skateboarders, including current record holder Ricky Glaser.
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