Original text:Meme Radar
Compiled by: Yuliya, PANews
The Meme coin market experienced unprecedented growth in 2024. Let's review the most memorable moments of the year.
Market Size and Growth
According to CoinGecko data, Meme coins have become the most popular crypto narrative in 2024, accounting for 31% of market attention.
The total market capitalization soared from $20 billion in 2023 to $140 billion in 2024, a 600% increase.
The number of Meme coins in the top 100 by market cap increased by 5, reaching 8.
The number of Meme coins listed on Binance increased by 9, totaling 15.
Blue-Chip Meme Coin Development
In 2024, multiple Meme coin projects reached a market capitalization of $1 billion, joining the blue-chip ranks. This includes traditional strong coins like BONK, PEPE, DOGE, SHIB, FLOKI, as well as new projects such as BRETT, FARTCOIN, MOG, POPCAT, PENGU, WIF, PNUT, NOT, MEW, GOAT, and A16Z.
Solana became the most popular Meme coin blockchain in 2024. The number of Meme coins with a market capitalization of over $100 million on various blockchains has increased significantly, indicating the diversified development of the Meme coin ecosystem.
Market Data
According to Pumpfun statistics:
Total tokens issued: 5,099,235
Successful projects: 69,197
Success rate: 1.36%
November was the most active month, during which the Gen Z Quant rug pull event occurred, with a new token issuance of 1.248 million.
Influence of Meme Coin Celebrities
In 2024, several KOLs, including Ansem, Unipcs (aka 'Bonk Guy'), Murad, Free, Frank, him, m, Tiger, IGGY AZALEA, kook, zac.eth, WF, Crash, and Taiki Maeda, had a significant impact on the Meme coin market.
What did Degens say in 2024? The following quotes accurately recorded the daily conversations of crypto market participants, reflecting the current market sentiment.
It is worth noting that several celebrity-endorsed Meme coin projects were ultimately proven to be scams, including projects endorsed by well-known artists such as $hawk (Haliey Welch), $wap (Cardi B), $lilpump (Lil Pump), $mami (Mikaela Lafuente), $jenne (Caitlyn Jenner), $Davio (Davido), $jason (Jason Derulo), and $king (Sean Kingston).
Evolution of Market Narratives
Throughout the year, several significant Meme coin themes emerged, including:
Dogecoin series
Cat coin series
Politically-related coins
Celebrity coins
Country-themed coins
Male culture coins
Imitation coins
Tiktok
Animal justice
AI
Common Tools
The most commonly used trading tools by the Meme community include GMGN.Ai, BullX, Photon, ApePro, MEVX, Shuriken, Trojan, Sigma, pepe boost, Meta, Banana Gun, and SolTradingBot.
Looking ahead to 2025, the Meme coin market is expected to maintain its vitality. As the ecosystem continues to mature, more innovative projects and investment opportunities are anticipated to emerge.
