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Memecoins attract users, but platforms reap the profits: Report

Galaxy Research’s latest report finds that memecoins draw new users into crypto, but the spoils go to enrich launchpads, exchanges and bots rather than traders.

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Archive context

Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Memecoins attract users, but platforms reap the profits: Report

Galaxy Research’s latest report finds that memecoins draw new users into crypto, but the spoils go to enrich launchpads, exchanges and bots rather than traders.

Why this matters

This research story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

Original source

Read on Cointelegraph

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