Despite a market downturn in Q2, memecoins thrived with impressive gains, celebrity endorsements, and a shift to cat-themed coins, especially on Solana and Base blockchains.
Key Insights:
The crypto market declined in Q2, yet memecoins grew in popularity and market share.
Leading memecoins saw gains exceeding 2,000% during Q2.
Celebrity endorsements from figures like Iggy Azalea and political events drove a surge in specific memecoins.
Cat-themed memecoins took the spotlight in Q2, replacing the dog-themed coins of Q1.
Memecoins on the Solana and Base blockchains experienced significant price increases in Q2.
