Meme Radar 2024: The Year of the Meme Coin

The Meme Coin market has experienced unprecedented growth in 2024. Let’s review the most memorable moments of the year.

Original: 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, meme coins became the most trending crypto narrative in 2024, attracting 31% of the market attention.

**Blue Chip Meme Coin Development**

Multiple Meme coin projects reached a market cap of $1 billion and became blue chips in 2024, including both traditional powerhouses like BONK, PEPE, DOGE, SHIB, FLOKI and new emerging projects like BRETT, FARTCOIN, MOG, POPCAT, PENGU, WIF, PNUT, NOT, MEW, GOAT, A16Z, etc.

Solana became the most popular Meme coin chain in 2024. The number of Meme coins with a market cap of over $1 billion on major public chains also increased significantly, showcasing the diverse development of the Meme coin ecosystem.

**Market Data**

According to Pumpfun statistics:

- November was the most active month, witnessing the Gen Z Quant runaway incident and new token issuances reaching 1.248 million.

**Celebrity Influence on Meme Coins**

Many KOLs had a significant influence on the Meme coin market in 2024, including Ansem, Unipcs (aka 'Bonk Guy'), Murad, Free, Frank, him, m, Tiger, IGGY AZALEA, kook, zac.eth, WF, Crash, Taiki Maeda, etc.

What did Degens say in 2024? The following quotes are a true record of the daily conversations of cryptocurrency market participants and reflect the current market sentiment.

It is noteworthy that several Meme coin projects endorsed by celebrities were later confirmed to be scams, including projects endorsed by several renowned 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 narrative**

Throughout the year, several prominent Memecoin themes emerged, including:

**Common tools**

The most frequently used trading tools by Meme community users were GMGN.Ai, BullX, Photon, ApePro, MEVX, Shuriken, Trojan, Sigma, pepe boost, Meta, Banana Gun and SolTradingBot.

As we look ahead to 2025, the Meme coin market is set to remain vibrant. With the maturing ecosystem, we can expect to see more innovative projects and investment opportunities.