Original source: Meme Radar
Original translation: Yuliya, PANews
In 2024, the Meme coin market experienced unprecedented growth. Let's review the most memorable moments of this year together.
Market size and growth
According to CoinGecko data, Meme coins have become the most popular cryptocurrency narrative in 2024, accounting for 31% of market attention.
· Total market value surged from $20 billion in 2023 to $140 billion in 2024, an increase of 600%.
· The number of Meme coins entering the top 100 by market capitalization increased by 5, reaching 8.
· The number of Meme coins listed on Binance increased by 9, totaling 15.
Blue-chip Meme coin development
In 2024, several Meme coin projects reached a market value of $1 billion, entering the blue-chip ranks. This mainly includes traditional strong coins such as BONK, PEPE, DOGE, SHIB, FLOKI, as well as emerging projects like BRETT, FARTCOIN, MOG, POPCAT, PENGU, WIF, PNUT, NOT, MEW, GOAT, A16Z.
Solana became the most popular public chain for Meme coins in 2024. The number of Meme coins with a market value exceeding $1 billion on various public chains significantly increased, showing the diversified development of the Meme coin ecosystem.
Market data
According to Pumpfun statistics:
· Total number of issued tokens: 5,099,235
· Successful projects: 69,197
· Success rate: 1.36%
November was the most active month, during which the Gen Z Quant runaway incident occurred, with a new token issuance volume of 1.248 million.
Influence of Meme coin celebrities
In 2024, several KOLs, including Ansem, Unipcs (aka 'Bonk Guy'), Murad, Free, Frank, him, m, Tiger, IGGY AZALEA, kook, zac.eth, WF, Crash, Taiki Maeda, had a significant impact on the Meme coin market.
What did Degens say in 2024? The following quotes authentically record the daily conversations of cryptocurrency market participants, reflecting the current market sentiment.
It is worth noting that several Meme coin projects endorsed by celebrities were eventually confirmed to be scams, including projects endorsed by several well-known artists. Such as $hawk (Haliey Welch), $wap (Cardi B), $lilpump (Lil Pump), $mami (Mikaela Lafuente), $jenne (Caitlyn Jenner), $Davio (Davido), $jason (Jason Derulo), and $king (Sean Kingston).
Market narrative evolution
Throughout the year, multiple significant Meme coin themes emerged, including:
· Dogecoin series
· Cat coin series
· Politically related cryptocurrencies
· Celebrity coins
· National theme coins
· Male culture coins
· Imitation coins, etc.
· Tiktok
· Animal justice
· AI
Common tools
Common trading tools used by Meme community users include GMGN.Ai, BullX, Photon, ApePro, MEVX, Shuriken, Trojan, Sigma, pepe boost, Meta, Banana Gun, and SolTradingBot.
Looking ahead to 2025, the Meme coin market is expected to remain vibrant. With the ecosystem maturing, more innovative projects and investment opportunities are anticipated.
Original link
