Every summer in the crypto world seems to have a unique theme. We've witnessed ICO summer, DeFi summer, NFT summer, and now, much to some people's dismay, it's memecoin summer. 

Gen Z is diving into memecoins much like they use TikTok: among the many coins, one will inevitably go viral, making the time and stress spent in front of the screen worthwhile. The dopamine rush is akin to playing online casino games from the comfort of your home — though we don't endorse that. In March, political memecoins were all the rage. Today, while politics still heavily influence crypto (and memecoins), the focus has shifted to Gen Z-centric memes like "aura," "let him cook," and "brat," among others.

This week, the number of weekly active addresses on Solana hit a new high, reaching 2 million. …