According to @ameliamariec, high velocity, low or no value assets such as many memecoins primarily serve to showcase blockchain technology's speed and capacity for high engagement through rapid trading and dynamic social activity. While these memecoins are valuable for stress-testing crypto trading infrastructure, their price action is mainly driven by trader sentiment rather than fundamental value, making them a key indicator for market mood and liquidity flows (Source: @ameliamariec, May 13, 2025). Traders should monitor memecoin activity to gauge broader crypto market sentiment and potential volatility.