CoinGecko: How long does it take for the Animal Theme Meme Coin to reach its $1 billion market capitalization?

Author: Tharmaraj Rajandran, CoinGecko; Compilation: Baishui, Bitchain Vision

The rise of cryptocurrencies inspired by animals

Over the past decade, Internet Meme has taken a solid position in the culture of Web3 and cryptocurrencies.Meme Coin has flourished with hype, community, and fun and “degenerate”, and has become a unique innovation in the industry.In recent years, a large number of animal-inspired Meme coins have emerged, especially DOGE, SHIB and PEPE, which have attracted the cryptocurrency market.Driven by social sentiment and online trends, the tokens soared from obscurity to a multibillion-dollar market cap in record time.

How quickly can the Animal Meme coins reach $1 billion?

Squirrel Peanuts (PNUT): 11 days.Inspired by the playful and quirky mascot “Squirrel Peanut” (depicted as a squirrel wearing a cowboy hat), PNUT is a Meme coin built on the Solana blockchain.In fact, PNUT is built on the tragic backstory of Peanut, a real-life squirrel allegedly taken away by the New York Department of Environmental Protection (DEC) from its caregiver Mark Longo.Elon Musk then criticized the DEC’s actions and made PNUT meet temporarily on X.As a relatively new entry in the Meme currency space, PNUT’s rapid rise is thanks to the publicity surrounding it and its listing on Binance on November 11, 2024, driving the token’s market value within the same month of its launchMore than $1 billion.

Pepe (PEPE): 19 days.While Pepe may not be an animal at first glance, a popular web meme created by cartoonist Matt Furie is designed as a green anthropomorphic frog.PEPE is an Ethereum-based memecoin that is based on the popular Internet meme role and experienced a rapid rise in early 2023.Within just a few weeks after its launch, PEPE hit the $1 billion mark, quickly gaining social media attention and topped the list.Level exchange.PEPE has remained popular, with daily transaction volumes growing significantly, and social media engagement continues to be stable.

Brett (BRETT): 28 days.Like Pepe, Brett is also derived from Matt Forre’s “Boy Club” comic.Brett was launched on the Base blockchain in May 2024, reaching the $1 billion milestone in 28 days.Base’s popularity during that period made a significant contribution to its rise.Since then, it has become the leading Meme coin on the Coinbase-backed network, with value hovering around the $2 billion mark.

Goat (GOAT): 37 days.Goatseus Maximus memecoin was created on Pump.fun by an artificial intelligence chatbot called Terminal of Truths.It quickly gained followers and reached a market cap of $1 billion in 37 days.It is also the first Pump.fun token to reach the coveted $1 billion mark.

DOGWIFHAT (WIF): 81 days.WIF has swept the Meme currency space in a whimsical way, with its brand being a dog wearing a fun hat.WIF was launched in the Solana ecosystem and quickly gained attention, resonating with meme lovers and crypto community.WIF demonstrated extraordinary activity and community engagement, achieving a $1 billion market capitalization milestone within months of its launch.

Neiro (NEIRO): 104 days.Neiro was launched after Kabosu’s death, an iconic Shiba Inu and a source of inspiration for Dogecoin.Neiro is a dog adopted by the owner of Cabosu.Several Neiro tokens were launched around the same time, but the first Neiro deployed on Ethereum has successfully become the leading token.However, what really made Neiro soar to $1 billion was its listing on Binance in September, which allowed the token’s market cap to soar from $16 million to $400 million in one day.

Cat in a dogs world (MEW): 214 days.Inspired by the beloved Simon Cat comic series, MEW achieved real rapid growth.Another cat-themed meme coin, Solana-based tokens’ strong brand and community engagement are crucial to its rise.MEW has reached a market capitalization of $1 billion in just 7 months, thanks to a series of successful exchange listings that cement its position in the wider Meme token ecosystem.

Popcat (POPCAT): 284 days.Popcat is popular for its internet meme origins, and the surge in user-generated content on social media has leveraged Popcat Meme to produce humorous effects that have made its popularity soar.Riding on this wave of social sentiment, this Solana-based cat-themed token attracts a group of enthusiastic communities.POPCAT hit the $1 billion mark within one year of its launch, driven by its strong community engagement and continued growth.The surge in interest in cat-themed tokens reflects a new trend in Meme currency culture, namely the attraction of using cats as a viral Internet symbol.

Shiba Inu (SHIB): 289 days.Inspired by DOGE and based on the beloved Japanese dog breed, Ethereum-based SHIB calls itself a “dogcoin killer” and hits the $1 billion mark within a year after its launch in 2020.Listings of major decentralized exchanges (DEXs) and later centralized exchanges (CEXs) such as Binance and Coinbase have brought significant growth.The sharp rise of SHIB is also driven by a community-centric roadmap and ongoing media hype.

Bonk (BONK): 356 days.Launched on Christmas 2022, Bonk has slowly climbed to become the largest Meme coin on Solana.It was launched at the deepest point of the bear market, with FTX filing for bankruptcy more than a month before its founding, during which the Solana network suffered multiple interruptions.It took nearly a year to reach a market value of $1 billion, when Solana started to attract attention and many Meme coins were launched on the Internet.

MOG Coin (MOG): 486 days.The launch of MOG Coin is intended to be the first cultural coin on the Internet.The name MOG comes from “AMOG” and stands for Alpha Male Group.The company launched in 2023 and took 486 days to briefly reach a $1 billion market cap in November 2024 before then falling back.

Floki Inu (FLOKI): 775 days.Floki Inu has spent more than two years to reach a market value of US$1 billion, the second longest time for the animal-themed Meme coins.Floki started out as a meme coin and has now transformed into a practical project with a considerable ecosystem of projects.It dabbles in the 3D NFT metaverse, DeFi, real-world assets (RWA), and even prepaid cards.It also sponsors sports teams and conducts advertising campaigns around the world.Although it is no longer a Meme coin, it still manages to maintain its market cap of more than $2 billion.

Dogecoin (DOGE): 1,487 days.DOGE was originally launched on the Ethereum blockchain in 2013, mainly for jokes, and over time, DOGE’s price has soared, reaching a market value of $1 billion in early 2018.Key factors include Elon Musk’s infamous tweets, increased mainstream awareness and increased retail adoption rates.As of November 2024, DOGE’s market value has exceeded $57 billion, and its price hovered around $0.39.Recently, DOGE prices have also seen a significant increase, mainly due to social sentiment and the announcement of plans by US President Donald Trump to form a U.S. Presidential Advisory Council, the Department of Government Efficiency (D.O.G.E.).Although the planned government departments currently have no links to cryptocurrencies, speculation and increased enthusiasm for their cryptocurrency’s eponymous product has sparked a new round of interest.

Two major factors drive Meme coins to rise

While Meme may not rely on the same metrics or use cases as more mainstream similar products (such as Bitcoin, USDT, Ethereum, etc.), there are some key aspects that can affect their growth and subsequent price changes.

first,Meme coins rely strongly on social media participation.Influential people and celebrities play an important role in influencing the price movements of such tokens.For example, Elon Musk’s tweet about DOGE praised its practicality and teased potential use cases in the form of buying Tesla, triggering a sudden and dramatic price increase.For SHIB and PEPE, viral and organic commentary on platforms like X and Reddit generates large-scale community engagement.

Influencing changes in the price of Meme coinsAnother key factor is listing on the exchange, especially on major exchanges such as Binance.For example, after listing on Binance in May 2021, SHIB’s price has more than doubled, while PEPE has experienced a similar surge on Coinbase and Binance in May 2023.Such listings provide verification and liquidity, igniting investors’ interest.

Conclusion: The future of animal theme Meme coins

The success of these Meme coins demonstrates the potential of strong community engagement and social sentiment in driving value.While these tokens may sometimes lack technological innovations from other blockchain projects, they demonstrate the unique cultural power and collective enthusiasm of the cryptocurrency space.

For investors, these tokens provide both high risk and high returns, requiring in-depth understanding of market dynamics and sentiment-driven investments.DOGE, SHIB, WIF, PEPE, PNUT, POPCAT and MEW valuations quickly rose to billions of dollars, highlighting the interesting intersection between finance, internet culture, crypto culture and decentralized networks that will continue to affect digital assets.pattern.