Ad
CryptoSlate on SubstackJoin 90k+ subscribers
News
Rising crypto scams lead to $2.3 billion in total losses in 2024Telegram’s 4x YoY subscriber growth pushes platform to profitabilityMemecoins capture 31% of investor mindshare in 2024, surging 4x in popularityWSJ reheats Bitcoin’s quantum hack concerns, researcher calls it a ‘time bomb’Satonomy launches beta platform to simplify Bitcoin UTXO and asset managementRising crypto scams lead to $2.3 billion in total losses in 2024Telegram’s 4x YoY subscriber growth pushes platform to profitabilityMemecoins capture 31% of investor mindshare in 2024, surging 4x in popularityWSJ reheats Bitcoin’s quantum hack concerns, researcher calls it a ‘time bomb’Satonomy launches beta platform to simplify Bitcoin UTXO and asset managementRising crypto scams lead to $2.3 billion in total losses in 2024Telegram’s 4x YoY subscriber growth pushes platform to profitabilityMemecoins capture 31% of investor mindshare in 2024, surging 4x in popularityWSJ reheats Bitcoin’s quantum hack concerns, researcher calls it a ‘time bomb’Satonomy launches beta platform to simplify Bitcoin UTXO and asset management
News ▸ Solana · Worldcoin ▸ Memecoins
Memecoins capture 31% of investor mindshare in 2024, surging 4x in popularity
with insights from 
CoinGecko
The overall popularity of memecoins was almost twice the size of AI-related narratives.
Gino Matos
Dec. 23, 2024 at 9:22 pm UTC
XTelegramLinkedInEmail
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Memecoins dominated 31% of crypto narratives in 2024, according to a report by CoinGecko.
This represents nearly 4x growth compared to last year when the theme appeased just 8.32% of investors out of 25 narratives.
The rise of memecoins, initially driven by dog-themed coins, expanded into new territories in 2024, including animal- and personality-themed tokens.
According to the report, the trend highlights an investor appetite for speculative opportunities prioritizing cultural virality over traditional fundamentals.
The memecoin launchpool Pump.fun can be used as a proxy for the success of these tokens. Nearly 5 million new memecoins were deployed on Solana alone this year, with the platform capturing over $335 million in fees, according to a Dune Analytics dashboard by user evelyn223.
The primary memecoin narrative claimed the top spot among crypto narratives, accounting for 14.36% of investor mindshare.
Also, four memecoin trends ranked in the top 20: Solana memecoins (7.65%), Base meme$BTC
coins (2.13%), AI memecoins (1.49%), and cat-themed memecoins (1.19%).
According to data from Artemis, memecoins represented the third most profitable narrative in 2024, generating an average yearly return of 201%. The gains were also above the 128% average return from the market.#BinanceAlphaAlert #BTCNextMove $