Original title: (MEMECOINS WRAPPED 2024)
Original: Meme Radar
Compiled by: Yuliya, PANews
The Meme Coin market has experienced unprecedented growth in 2024. Let’s review the most memorable moments of the year.
Market size and growth
According to CoinGecko, meme coins have become the most popular cryptocurrency narrative in 2024, accounting for 31% of market attention.
The total market value soared from US$20 billion in 2023 to US$140 billion in 2024, an increase of 600%.
The number of meme coins entering the top 100 by market capitalization increased by 5 to 8.
The number of meme coins listed on Binance increased by 9, reaching a total of 15.
Development of blue-chip Meme coins
In 2024, several Meme coin projects reached a market capitalization of $1 billion, entering the blue-chip ranks. This mainly includes traditional strong coins like BONK, PEPE, DOGE, SHIB, FLOKI, as well as emerging projects like BRETT, FARTCOIN, MOG, POPCAT, PENGU, WIF, PNUT, NOT, MEW, GOAT, A16Z.
Solana has become the most popular public chain for Meme coins in 2024. The number of Meme coins with a market capitalization exceeding $1 billion on major public chains has significantly increased, indicating a diverse development of the Meme coin ecosystem.
Market data
According to Pumpfun statistics:
Total number of issued tokens: 5,099,235
Successful breakthrough projects: 69,197
Success rate: 1.36%
November was the most active month, during which the Gen Z Quant incident occurred, and the new token issuance reached 1,248,000.
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 will have 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 have ultimately been confirmed as scams, including projects endorsed by 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
There were multiple significant Meme coin themes throughout the year, including:
Dogecoin series
Cat coin series
Politically related coins
Celebrity coins
National theme coins
Male culture coins
Imitation coins, etc.
Tiktok
Animal justice
AI
Commonly used tools
The trading tools most commonly 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 continuous maturation of the ecosystem, more innovative projects and investment opportunities are anticipated.
