Sudden tax implications of cryptocurrency assets

Meme coin season is known for frenetic market activity due to the rapid rise of viral cryptocurrency projects that turn small investments into big money overnight. The world knows that dogecoin (DOGE) was the first meme coin, but a newcomer has taken the 2024 meme season by storm. There’s a dog in a hat WIF, a sly frog (PEPE), a clumsy sloth SLERF, and more.