A new study has highlighted how meme coins have achieved billion-dollar valuations at a pace that far outstrips traditional Nasdaq-listed companies.
What Happened: The report reveals that while many established corporations took 25-35 years to reach billion-dollar valuations, meme coins like Shiba Inu (CRYPTO: SHIB) and Pepe (CRYPTO: PEPE) managed to hit these milestones within months, reshaping conversations around value creation in modern financial markets.
The report, by Social Capital Markets, details the sheer speed of growth among meme coins compared to their corporate counterparts.
Dogecoin (CRYPTO: DOGE), a cryptocurrency born as a joke in 2013, reached a $17 billion market cap within eight years with a team of around 12 members.
This valuation rivals that of Nutanix Inc., a cloud computing firm that required 15 years and a workforce of 6,000 employees to reach a comparable market cap.
Even more extreme examples include Shiba Inu, which reached $10.8 billion in just one year, matching the valuation of NICE Ltd., an IT …
Full story available on Benzinga.com