In 2024, Meme coins occupy 31% of the crypto narrative, nearly quadrupling from last year

According to a report released by CoinGecko, Meme coins have become an important narrative in the cryptocurrency field in 2024, occupying 31% of the share, nearly quadrupling compared to last year. Last year, Meme coins only accounted for 8.32% of investor attention among 25 narrative themes. The rise of Meme coins was initially driven by dog-themed cryptocurrencies but has now expanded to areas such as animal and personality-themed tokens. This reflects investors' strong interest in speculative opportunities; they value the viral spread effect of culture more than traditional fundamentals.

Pump.fun, as a Meme coin Launchpool platform, deployed nearly five million new coins on the Solana blockchain this year with platform revenue exceeding $335 million. In cryptocurrency narratives, Meme coin narratives occupy a leading position attracting 14.36% of investor attention. In addition, Solana Meme Coins (7.65%), Base Meme Coins (2.13%), AI Meme Coins (1.49%) and Cat-Themed Meme Coins (1.19%) also ranked among the top 20 narratives.

Furthermore, according to Artemis data, meme coins were the third most profitable narrative in 2024 with an average annual return rate as high as 201%, far exceeding the market's average return rate of 128%.