From Yahoo Finance: 2025-03-25 11:45:00

CoreSky, a memecoin incubator, secures $15 million in Series A funding to enhance platform development. Tido Capital led the funding round, joined by WAGMI Ventures, CoPilot Ventures Studio, Web3vision, and Parallel Ventures, bringing total backing to $21 million. The platform enables user voting on meme token development.

Memecoins gain popularity in the crypto market due to endorsements, political events, and internet culture influence. Despite challenges like scams and rug pulls, enthusiasm for memecoins remains strong. They symbolize community involvement in crypto and the fusion of internet trends with financial innovation. The article was AI-generated and reviewed for accuracy.

Read more: CoreSky Raises $15M Series A to Expand Memecoin Incubation Platform