According to CryptoPotato, a new report from CoinGecko reveals the situation in the meme coin industry. In the first quarter of 2024, the ten largest meme coins by market capitalization achieved a return of 1312.6%, making the meme coin industry the highest in all cryptocurrency narratives. Profitable.

The report also pointed out that three of the ten largest meme coins by market value were newly launched in March - Brett (BRETT), BOOK OF MEME (BOME), and cat in a dogs world (MEW). Among them, BRETT has the highest return, reaching 7727.6%. The second highest return is dogwifhat (WIF), Solana's first dog-themed meme coin, with a quarter-to-date increase of 2721.2%. The report believes that WIF has triggered a "meme coin frenzy." Despite the strong performance of the meme coin market, it seems to be taking a break, down 3% from last week. Most of the tokens with the largest market value have fallen by more than 10% on a weekly basis. However, meme coins are still a hot topic in the cryptocurrency industry.