Galaxy Digital's latest report delves into the evolving memecoin economy, emphasizing significant structural changes and market dynamics. The report highlights Pump.fun's role in lowering entry barriers for memecoin creation, allowing anyone to launch a tradable token for a minimal cost. Currently, Pump.fun tokens represent over $4.8 billion in total fully diluted market cap, leading the Solana launch platform market. The report also underscores the speculative nature of memecoin trading, with median holding times on Solana plummeting to approximately 100 seconds. Despite inherent risks, memecoins remain a popular entry point for new users into the cryptocurrency ecosystem, according to Galaxy Digital's analysis.