The market has plummeted recently, and many people have suffered heavy losses. The current fear and greed index is only over 20, which is in a state of extreme fear. This round of market is indeed different from the previous rounds. We can't stick to the old ways. The current market is very linked to the US stock market. The US stock market has also fallen recently, and Buffett is reducing his holdings. Buffett is currently reducing his holdings and holding a large amount of cash. He must buy the bottom of high-quality assets, and we have to do the same, reserve cash and buy the bottom of excellent assets. In the currency circle, MEME's rebound is the fastest, and the rebound multiple is also the most, so it must be the focus of investigation. So this issue brings the meme chain data analysis in the top 100!
1. Baby
Currently, pepe has fallen by about 70% from its highest point. The highest was 17, and now it is around 7. It should be a new low. The price is a new low, but what about the on-chain data?
From the data in the figure below, we can see that the number of holders is indeed increasing. Currently, there are 280,000 holders. The peak was only about 200,000 in May 2024. However, the number of whales has not changed much. We have analyzed in previous articles that if you want to become the next shib or doge, the number of holders must increase, and there must be enough people to take over (400 times meme-bome analysis in 3 days & who is likely to become the king of 50 billion memes in this wave).
From the figure below, we can actually see that holders (wallet addresses held for more than one year) have been increasing, and currently there are 80,000. And traders (address wallets held for less than a month) are decreasing. This data shows that either many people are trapped, or many people firmly believe that pepe can be held for a long time. In fact, even if you are trapped, after a long time, when you see the token rise in the future, you will become a believer even if you have no faith, because after you are trapped, you will increase your attention to it.
2.WIF
Currently wif ranks 48th. I didn’t expect it, right? It’s not floki or bonk. The hat dog is still going strong. It has fallen by about 70% from the highest point of 4.7. It is currently 1.5. This performance is actually better than pepe, because wif’s lowest point was 1.1 when it was 8.5, so it has not yet reached a new low. The cashing trend is actually consistent with the big cake. (Recently crazy MEME project-MAGA Trump and WIF dual project analysis)
Looking at the on-chain data, there are currently 170,000 holders, which is also in a continuously rising trend. There has been no decline in this area.
In terms of the composition of holders, those between 0 and 100 still account for the majority, while there are relatively few whales.
3.Floki
Currently, floki ranks 57, which is 64% lower than the highest point of 32. This is the smallest retracement so far. The lowest point on August 5 was also 11, so the retracement is small at present, but the rebound is also small.
Looking at the data on the chain, the total number of holders is currently 410,000 (on the BSC chain) and 80,000 on the ETH chain. The figure below only shows the data on the ETH chain. You can see that the number of holders is increasing. Previously, there were only 70,000 holders on the ETH chain. Then we look back at the previous article, for example, when we talked about it in July last year, its holders were only more than 300,000. (The next 100-fold SHIBA? - meme coin Floki)
4.Bonk
Bonk’s current market value is 1.1 billion, ranking 59th. The current price has fallen 60% from its previous peak of 41. It has fallen to 15 on September 5, which is also a new low.
The current holdes are only 760,000, which is a significant increase from the 470,000 we talked about last November.
However, there is a data that the number of addresses holding coins in the top 100 has increased by about 10%, which means that the big holders are holding more and more coins. What does this mean? The big holders are increasing their holdings.
5.Brett
I was also surprised to find that this product has entered the top 100. When we talked about it (April 24), its market value was only 560 million, and its current market value is 700 million. It is 0.19 away from the highest point and has fallen by 60%. This product has also fallen a lot, so why has its market value increased? It is because the circulation has increased. Currently, 99% of the circulation is in circulation, and 85% of the circulation was in circulation when we talked about it. (Analysis of the Degen & Bertt & AERO projects of the 3 BASE ecosystem projects, let’s take a look at what the BASE ecosystem is like?)
Looking at the on-chain data, there are currently 67,000 holders. When I mentioned it before, there were only 50,000 holders, so the number of holders has also increased. However, it should have switched to the base chain, which was previously on the sol chain.
6.Popcat
The last meme that can enter the top 100 is actually popcat. It has not been mentioned before. I thought it would be bome or not, but it is indeed this thing. It is also a meme on the sol chain. The current market value is 540 million US dollars, and it has fallen 30% from the highest point of 0.79. This is the lowest retracement so far. The lowest point of 0.47 on September 7 is also the strongest rebound so far.
There are currently 67,000 holders on the chain. From the second picture below, you can see that the number of holders is increasing, but the growth rate has been slower since May.
Looking at the distribution of whales on the chain, we can see that there is almost no change in the top 10 to the top 100, and it is still relatively balanced.
In conclusion, among the top 100 meme projects, we can find that the on-chain data shows that the number of holders is increasing. However, when the growth rate was sharp, the increase was very fast. Currently, the increase is very slow or stagnant, which shows that the market conditions are not very good. There is also a rule that the larger the market value, the more holders there are.
In addition to looking at the holders on the chain, you also need to look at the changes in the fan data on social media. This is relatively easy to view, so I won’t analyze it for you. You can check it on X or discord yourself. Many browsers can only view the current data of holders on the chain and cannot see the previous data, so I also use a lot of software to continuously search and analyze it. In the future, we will continue to bring on-chain data analysis of different tracks, so stay tuned.
