Meme coins may be facing a daunting threat to their existence. The coders and validators of the Bitcoin blockchain, the very foundation on which these meme coins operate, are contemplating their removal.
This pivotal decision comes in the wake of a significant surge in Bitcoin blockchain gas prices witnessed in May, a surge fueled by the relentless growth of Bitcoin-based meme coins.
But what does this mean for the future of meme coins? Is this the end of their wild and unpredictable journey?
Bitcoin Blockchain Faces Threat From Surging Meme Coins
A surge of speculative coins inundated the Bitcoin blockchain in May, resulting in a record-breaking number of transactions and an alarming 11-fold spike in processing fees. The unprecedented influx of meme coins, such as the popular frog-themed Pepe, created a logjam within the blockchain, causing concerns among cryptocurrency purists.
Fearing the…
