According to PANews on December 24, and as reported by Cryptoslate, Meme coins have become an important narrative in the cryptocurrency field in 2024, accounting for 31% of the market share, nearly quadrupling compared to last year. Last year, Meme coins accounted for only 8.32% of investor attention among 25 narrative themes. The rise of Meme coins was initially driven by dog-themed cryptocurrencies but has now expanded to include animal and personality-themed tokens. This reflects investors' strong interest in speculative opportunities, placing more emphasis on the viral effect of culture rather than traditional fundamentals.
Pump.fun, as a Meme coin Launchpool platform, has deployed nearly 5 million new coins on the Solana blockchain this year, with platform revenue exceeding $335 million. In the cryptocurrency narrative, the Meme coin narrative holds a leading position, attracting 14.36% of investor attention. Additionally, Solana Meme coins (accounting for 7.65%), Base Meme coins (accounting for 2.13%), AI Meme coins (accounting for 1.49%), and cat-themed Meme coins (accounting for 1.19%) have also made it to the top 20 narratives.
In addition, according to Artemis data, Meme coins are the third largest profitable narrative in 2024, with an average annual return rate of up to 201%, far exceeding the market's average return rate of 128%.