The average return of the Memecoins track in the past 30 days was 103%, more than 6 times higher than the average return of the overall crypto market

According to Cryptoslate, Artemis data shows that Memecoins have an average return of 103% in the past 30 days, more than 6 times higher than the average return of 16.1% in the crypto market. Among the 19 Memecoins tracked by Artemis, DOGE and PEPE have seen large increases, up 196.1% and 115% respectively. Meanwhile, BONK rose 70.2% and BRETT rose 63.5%. It is worth noting that many memecoins related to the US election plummeted in the days after the presidential election, including MAGA (TRUMP), which fell 72% in the past 30 days. According to market insight platform Kaito AI, as of November 14, memecoins accounted for nearly 24% of investors' attention. A quarter of cryptocurrency investors who post on X are discussing memecoins.