According to a global survey conducted by Binance, memecoins have surpassed Bitcoin to become the most held cryptocurrency in user wallets in 2024. This is a clear sign that the investment trend #memecoin is not just a temporary phenomenon but also a key driver of the crypto market.



Memecoins: From 'Joke' to Dominant Trend


• A survey of over 27,000 users worldwide (including Asia, Europe, Africa, Australia, and Latin America) shows:


• 16% of users hold memecoins.


• Only 14.44% of participants own $BTC .


• BNB, the token of #Binance , ranks third with a rate of 14.23%, surpassing $ETH (10.95%).



Binance assesses:



“The popularity of memecoins reflects confidence in the long-term growth potential of this asset class.”



Memecoins and Future Vision


• 19% of participants believe that memecoins will lead in driving market value by 2025, only behind AI tokens (23.89%).


• The total market capitalization of memecoins reaches 117 billion USD, with prominent names like Dogecoin (DOGE) and a series of other memecoins on the Solana and Base platforms.



Notable Numbers in 2024


1. Characteristics of New Investors:


• 45% of users joined the crypto market in 2024, with 24.52% starting trading in the past 6 months.


2. Investment Attraction Factors:


• 22.4% of participants are attracted by the potential for rapid price increases.


• 18.78% value decentralization and the ability to achieve financial freedom.



Bright Spots and Dark Corners



Bright Spots:


• Memecoin creation platforms like pump.fun have helped create a series of billion-dollar memecoins.


• Memecoins drive strong on-chain activity on major blockchains like Solana, $TRX and Base.



Dark Corners:


• The issue of memecoin pumping has caused this asset class to lose favor among investors.


• Many celebrity-related memecoins are accused of pump-dump schemes, causing concern in the community.


• Former Binance CEO, Changpeng Zhao (CZ), warns about the quirks of memecoins and calls on the community to focus on the real value of blockchain.



Conclusion



The year 2024 witnesses a strong explosion of memecoins, transforming them from a pop culture phenomenon into a prominent investment trend. However, for memecoins to truly be sustainable, the community needs to be cautious of price manipulation signs and focus on real-world application potential in the future.