Report: Meme coins will account for 31% of crypto narratives in 2024, nearly 4 times more than last year

Odaily Report: According to a report released by CoinGecko, in 2024, MEME coins accounted for 31% of the crypto narrative, nearly 4 times the growth compared to the previous year when the sector only attracted 8.32% of investors in 25 narratives. The report suggests this trend highlights investors' interest in speculative opportunities, prioritizing viral cultural transmission over traditional fundamentals. According to user evelyn223's dune analytics dashboard, nearly 5 million new MEME coins were deployed on Solana alone this year, with pump.fun collecting over $335 million in fees. The leading MEME coin narratives occupy the top position in the crypto narrative, accounting for 14.36% of investor attention. Additionally, four MEME coin trends entered the top 20: Solana MEME (7.65%), Base MEME (2.13%), AI MEME (1.49%), and Cat-themed MEME (1.19%). According to Artemis data, MEME coins are the third most profitable narrative of 2024, with an average annual return of 201%, outperforming the market's 128% average return.