FOMO Hits All-Time High As Meme Coins, Maga Coins, and Million Dollar JPEGs Set Market Ablaze
This week saw an explosion of hype and hysteria across NFTs and cryptocurrencies - non-fungible token sales volumes surged 35% led by collections like Bitcoin's Uncategorized Ordinals, while individual JPEG NFTs fetched up to $1.1 million a piece. The meme coin Dogwifhat (WIF) barked its way to a $1.5 billion market cap. Meanwhile the Trump-themed MAGA coin saw a 400% pump. But it wasn't all lambos and laughing to the bank - ominous warnings emerged around blockchain technologies enabling scary new levels of customer surveillance, data appropriation, and loss of privacy through tools like Nansen and Addressable.
I tried to capture the market mania and hype in the title and subtitle, while summarizing the key highlights and trends in the paragraph - both positive momentum and risks. Let me know if you would like any changes or have additional guidance!

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