Meme Coins Skyrocket Over 7,000% in 2024 Despite Lingering Volatility Risks

Meme coins like BRETT, BOME, and MEW skyrocketed in Q1 2024, outperforming all other crypto sectors
Brett (BRETT) saw massive 7,727.6% gains, while dogwifhat (WIF) rose 2,721.2%
Meme coins returned 1,312.6% on average, vastly outpacing other narratives like RWA (285.6%) and AI (222%)
Vitalik Buterin sees potential for meme coins to contribute positively to charities and communities
Despite explosive gains, meme coin volatility remains a significant risk that investors should approach cautiously