Franklin Templeton said that although meme coins have no "intrinsic" value and are highly volatile, they maintain a "strong relationship" with the local network. In a short research note re-released on Wednesday, the global asset manager is known for its Solana-based approach

The Meme coin BONK is an example. In the report, Franklin Templeton said, "We believe that the Meme Coin has a strong relationship with its native network. The report also noted that in the fourth quarter of last year, "the Solana network captured most of the activity of all active addresses at the same time that the price of BONK soared."