Franklin Templeton, who has $1.5 trillion in assets under management, talked about meme coins.
Franklin Templeton’s Digital Assets team recently published a in the report The meme touched on coins. In the details of the report, it was stated that there is a strong connection between the increasing demand for meme coins and the general rise in the cryptocurrency market, and the desire of investors to make profits quickly was pointed out.
With the increasing appetite for quick profits meme coins lead the rise in the cryptocurrency market While emphasizing, it was noted that the unique nature of such projects is at the center of attention of investors.
In the example given by analysts, Solana-based Bonk (BONK) highlighted the increase in the number of daily active users:
Last year, crypto markets saw many meme coins rise parabolically, especially Solana-based BONK in Q4 2023. Solana daily active user addresses increased 75% quarter-over-quarter