In recent years, with the rapid iteration of blockchain technology and the booming development of the cryptocurrency market, Meme coins have gradually evolved from a community-driven online cultural symbol to an important part of the crypto asset field.Its unique innovation and extensive market influence have prompted the industry to continuously explore the potential and value behind it.

In order to analyze this phenomenon in depth and provide forward-looking and strategic industry insights, LBank Labs, together with MetaEra and Bee Network, jointly released the research report on the “Top Ten Popular Meme Coins in 2024”.Through rigorous market research and data analysis, this report screens out the top ten Meme coins with the most development potential in 2024 from multiple dimensions such as liquidity, community activity, and market performance, and fully presents their ecological value and development prospects.

Since $DOGE’s explosive growth in 2020, Meme coins have become an important narrative and emerging investment target in the crypto industry.Amid the sluggish market sentiment over the past year, most altcoins have performed poorly and have almost hit the highs of the current bull cycle.However, the Meme coin sector has gone against the trend and has become one of the fastest growing areas, and has attracted the attention of a large number of retail investors with the myth of “get rich overnight”.Especially in March, after BOME entered the “Meme Legend” ranks at a record pace, the entire market quickly entered the hot Meme Summer.

According to Artemis Terminal data, as of November 27, Meme Coin performed outstandingly in the crypto track from 2024 to the present, ranking second with 261%, becoming the best narrative behind RWA.

(Data source: Artemis Terminal)

Despite disagreement among investors, Meme has become one of the best-performing and largest trading narratives in 2024.Essentially, Meme’s strong performance stems from “attention premium” and “FOMO premium”, by providing low transaction costs, fair token allocation, efficient issuance and trading mechanisms, and in the absence of compelling narrativesThe huge upward potential in the market meets the speculative needs of investors, especially retail investors.

Meme Coin Market Analysis

Meme Coin Market Value Overview

Since the emergence of Meme coins in 2014, the overall market value of this market has fluctuated greatly.The first sharp rise occurred in the second quarter of 2017 (1,198%), when its overall market capitalization reached $343 million.In the first quarter of 2018, the market exceeded the $1 billion mark for the first time.In the first quarter of 2021, it increased by 1,287%, with a market value of $7.2 billion, and then soaring to $3-60 billion.

(Data source: CoinMarketCap)

Between 2022 and 2023, the crypto market encountered a “crypto winter”, and the overall market value of Meme coins shrank and stabilized at about US$16 billion.In the fourth quarter of 2023, Meme Co., Ltd.’s overall market value showed relative resilience, with the market value remaining at US$22 billion.It is worth noting that even during the overall market performance from July to October this year, the total market value of Meme coins did not decline significantly, and the performance was significantly better than many VC coins and altcoins.

According to CoinMarketCap data, the overall market value of Meme coins in 2024 showed an overall growth trend, with a total market value of more than US$120 billion. As of November 27, the market value reached US$110 billion.

• In the first quarter of 2024, the market value of Meme coins increased significantly, with an increase of 213.42%. With the birth of Bome, Slerf and the rapid development of Pump.fun, its market value reached US$68.9 billion on March 29;

• In the second quarter, Meme currency market value showed a trend of rising first and then falling, with a quarterly highest value of US$69.8 billion on April 1.Later, due to the downward trend of the overall crypto market, the market value of Meme coins fell by about 9.51%. After experiencing a brief pullback, the total value stabilized at more than US$45 billion with the PolitiFi Meme trend of the hot US election in May;

• In the third quarter, Meme coin showed a trend of falling first and then rising, with an overall decline of 36.40%, falling to a low of US$34.7 billion on August 6;

• In the fourth quarter, as of November 27, the overall market value of Meme coins showed an upward trend, with an increase of 126.64%, and the hot spots such as Neiro, MOODENG, GOAT, ACT, PNUT, Ban, etc., reached US$125.6 billion on November 24.peak;

Top 10 Popular Meme Coins List

The following tokens are based on multiple factors including market capitalization, popularity and overall project success.

(Sorted by time)

In 2024, Neiro and APU are undoubtedly the best performing meme coins, leading the memecoin market with maximum returns of 69,215% and 45,692% respectively;

Both Brett and BOME have performed well in 2024 with their special cultural attributes and innovative token models.By deepening community culture and cross-border cooperation with well-known brands, BOME has successfully attracted a large number of meme enthusiasts with its cultural concept of “Book of Meme” and has become a representative of culturally driven meme coins;

As the first CTO (Community Take Over) concept meme coins, SLERF unexpectedly became a hit due to its dramatic creativity and user participation.

AI-themed meme coins such as GOAT and ACT have become the new focus of the market due to their innovative AI-driven concepts;

These meme coins are not only the product of market speculation, but also show strong vitality and market influence in the context of the interweaving of culture, technology and community.

BRETT

The Boys Club, known for being inspired by Matt Furie’s comic series, also includes the popular Pepe the Frog character, Brett uses Meme culture to attract its community of investors and enthusiasts.As of 2024, it has achieved major milestones, including being the top Meme coin on the Base chain, its community-driven growth, and strategic partnerships make it one of the most promising Meme coins of the year.

Brett’s token economics is designed to ensure stability and long-term growth.Brett’s 85% supply is locked in the liquidity pool and adopts a deflation model that reduces total supply over time, aiming to enhance its value proposition for traders and long-term holders.The rapid expansion of the Base ecosystem also supports Brett’s practicality and potential, providing more opportunities for use and development.

Among them, Brett achieved a path of less than US$10 million in 101 days to increase its market value to nearly US$2 billion.Meanwhile, BRETT became the third fastest currency ever with a market cap of $1.5 billion.As of November 27, Brett’s market value stabilized at US$1.63 billion, down 13.76% from its highest point.

Brett’s success is also attributed to his strong community engagement.Through viral marketing and active social media, Brett is no longer just a Meme coin, but a cultural phenomenon in the crypto space.

BOME

BOME (Book Of Meme) is the Solana Meme coin launched by Pepe Meme artist Darkfarms on March 14.Originally, Darkfarms left a Solana address on Twitter to launch the BOME token pre-sale, and the raised SOLs are used to add liquidity.Initially, it expected to raise 500-600 SOLs, and as pre-sale progress far exceeded expectations, Darkfarms opened a community vote to decide how to allocate pre-sale funds.On March 15, a total of 10,131SOL was raised according to data disclosed by Darkfarms.

In just three days, BOME achieved a hundredfold growth at an astonishing rate and was successfully launched on Binance, with its market value exceeding the 2 billion US dollar mark in one fell swoop.BOME’s success not only made it the focus of the market, but also set off a pre-sale craze in the Solana ecosystem and opened up the market imagination for the subsequent Meme Summer fanaticism.

If the surge in SOL in October 2023 and the subsequent huge airdrop of Jito attracted the attention of institutions and DeFi Degen, then this time Meme Summer really kicked off the risk of ordinary retail investors on the Solana chain.Pump.fun, which followed closely behind, injected a new vitality into the already hot Solana ecosystem.

As time goes by, BOME has also initially completed its historical mission.As of November 27, BOME’s market value had dropped to around $590 million, down 54.26% from its all-time high.As a former Meme leader, BOME has not yet experienced a significant rebound since its launch.In addition, it still holds more than 150,000 SOLs in its liquidity pool.

SLERF

SLERF is a super performance art triggered by accident.

On March 17, SLERF successfully raised more than 50,000 SOLs on Twitter, but the founder claimed that liquidity pools and airdrop reserved tokens have been destroyed due to misoperation.At first, everyone thought that the Slerf project had died. However, the founder’s “de-market behavior” touched many investors, triggered a strong buying boom, and token prices soared rapidly.

Because of its concept of “really decentralized Meme” and the ICO boom, a large number of users flocked to SLERF, which broke the record of BOME’s market value exceeding 100 million in just 30 minutes, becoming the new Meme king.What is even more exaggerated is that its liquidity pool also surged to more than US$100 million in just a few hours, becoming one of the largest liquidity pools on the chain at that time.

During this period, the founder of SLERF cooperated with LBank to launch a donation campaign. LBank not only served as the first donor, but also served as the custodian of the donation address.As of June 14, the on-chain donation address received more than 40,000 SOL, which has been used to compensate users participating in SLERF private placement.

SLERF was launched on LBank and Bitget, and its price once soared to $1.3, with a market value of nearly $700 million.As of November 27, SLERF’s market value had dropped to US$130 million, down 70.98% from its all-time high.Despite this, due to the mechanism of destruction of tokens, its liquidity remains above 70 million, and the trading volume continues to stabilize above one million US dollars.

APU

Apu, also known as Peepo or Helper, is a derivative of Pepe emojis.The character is portrayed as a younger, kinder, more naive version of Pepe.Apu is often portrayed as sad or painful expressions, embodying a more innocent and compassionate personality.The emoticon originated in Finland and spread rapidly internationally, gaining a large following due to its affinity and emotionality.

On March 11, 2024, APU Apustaja was tokenized and deployed on the Ethereum blockchain.Since tokenization, APU Apustaja has experienced a rapid increase in the popularity of cryptocurrencies.

Despite the many challenges in the early stage, including the abandonment of project developers, the tenacious APU community remains united and demonstrates a firm commitment to its beloved meme.In just over a month, APU Apustaja’s market value exceeded US$300 million.This rapid growth not only proves the huge potential of community-driven projects, but also demonstrates the lasting appeal of APU as an iconic Internet figure, and stimulates investors’ great enthusiasm for its future development.

In order to follow the footsteps of other successful Meme coins, the APU Apustaja community has launched a series of innovative activities aimed at enhancing and expanding the popularity of Meme coins.The APU community demonstrated extraordinary dedication and creativity, successfully launching it on major cryptocurrency exchanges such as LBank, Bitget and Gate, and also released 11 community-produced music albums on streaming platforms such as Apple Music and Spotify..In addition, the community has launched APU games and a legendary book with more than 30 chapters, further enriching the brand experience of APU Apustaja.Through grassroots marketing methods such as stickers and posters, APU Apustaja has successfully attracted more and more attention.Today, with an active community of nearly 7,000 holders and 6,000 Telegram members, APU Apustaja is not just a Meme coin, it also represents the resilience, solidarity and change potential of Meme culture in the cryptocurrency field.

According to historical data, APU reached its all-time high of US$0.001151 on March 15, with a market value of nearly US$390 million.As of November 27, the APU market value stabilized at US$280 million, down nearly 38.34% from its all-time high.

MEW

MEW is the abbreviation of “CAT IN A DOGS WORLD”, and is the leading cat theme Meme on Solana. Through a narrative structure with rebellion, care and heroism as the core, MEW has formed a distinct cat-like image, symbolizing the dominance of dog Meme.The breakthrough in the market phenomenon also reflects the pursuit of a fair and friendly atmosphere in the crypto community.

On March 25, MEW was officially launched on Solana Network.The project aims to create value, community and scarcity by combining combustion mechanisms and airdrops.In the early days of its launch, MEW airdropped 10% of the total tokens to Solana ecosystem users, which quickly attracted widespread attention. Within just a few hours of release, MEW attracted a lot of attention and discussion.

In April, MEW airdropped tokens to BONK, WIF and Solana Saga 2 mobile phone holders.MEW then went online to the Korean exchange Upbit, becoming the third Meme coin to be traded after DOGE and SHIBA.On November 18, the price of MEW reached a maximum of US$0.01,288, with a market value of over 1 billion.As of November 27, MEW’s market value exceeded US$800 million, down 24.36% from its all-time high.

It is worth mentioning that MEW cooperated with the well-known animation studio LOCUS Studios to enhance the brand’s appeal through high-quality animation content.The collaboration has enhanced MEW’s narrative and character design, making it not just a cryptocurrency token, but a cultural symbol with widespread appeal.

Neiro

Often referred to as the spiritual successor of Dogecoin, Neiro has a unique connection to the Internet culture and Meme coins.Like Doge, Neiro also embodies the fun and community-driven spirit of the Meme currency field.

On August 4, 2024, Neiro was launched on the Ethereum network, quickly attracting widespread attention from the market and even attracted the attention of Ethereum co-founder Vitalik Buterin.In response to the growing community, Vitalik publicly expressed support and donated more than $500,000 to the Animal Welfare Fund, an event that became a historic milestone.

After the initial project party abandoned the project, Neiro was taken over by the community and is now completely owned and managed by the community. It is known as the first CTO (Community Take Over) spirit Meme coins.

Neiro subsequently went online on Binance, triggering a surge in investor interest and significantly boosting its trading volume.Since its launch in September 2024, Neiro’s price has soared by more than 5,000%, quickly ranks among the top 100 cryptocurrencies.At the same time, Neiro has attracted active participation from whale investors, and institutional investors such as GSRMarkets have increased their holdings in NEIRO millions, showing strong confidence in its long-term potential.

On November 12, Neiro reached its historical highest price of US$0.003,093, with a market value of over 1.24 billion.As of November 27, Neiro’s price remained stable at US$0.001,698, and its market value remained at around US$700 million, down 43.54% from its historical high.

MOODENG

Moo Deng is inspired by a little hippo born in July 2024 at Khao Kheow Zoo in Thailand.The little hippo’s name means “bounced pork” in Thai and it quickly became popular online due to its cute expression, especially when it was squirted or picked up by a breeder.Its cuteness has triggered a surge in art creations and emoticons for fans, making it an online star.

The launch of Moo Deng-based Meme coins on Solana’s Pump.fun platform has been a huge success, with a market value of over $100 million in just a few weeks.In a recent survey, Moo Deng ranked first in Meme Coin’s popularity list, highlighting its appeal among ordinary cryptocurrency enthusiasts.

On November 15, after Binance announced the launch of the MOODENG contract, the Meme coin soared by more than 100%.Among them, on September 28, MOODENG tokens reached an all-time high of US$0.6911, with a market value of nearly US$640 million.As of November 27, MOODENG’s market value remained at US$337 million, down 43.83% from its all-time high.

GOAT

Goatseus Maximus is an unexpected product of creativity driven by artificial intelligence. It was born on an experimental platform called “Truth End Station”, which is designed for the dissemination and experimentation of Meme.It was developed by Andy Ayrey and was born with the support of venture capital firm Andreessen Horowitz (a16z).This AI gives meme a multicultural and humorous depth by posting humor and philosophical posts on social media, combining “GOAT” (the greatest in history) with Greek mythology and Latin.

The story ushered in a key twist when a16z founder Marc Andreessen interacted with AI robots on Twitter.After a series of philosophical conversations, Marc was inspired by it and decided to provide Truth Terminal with $50,000 in Bitcoin funding to support its goal: to gain more autonomy and expand Goatse Gospel into a concrete Meme token economy.

With Truth Terminal’s frequent hype on Twitter, “Goatse Gospel” quickly attracted widespread attention.On October 10, an anonymous investor took a fancy to the potential of the Meme, launched GOAT, and went live on Pump.fun.GOAT’s market capitalization peaked at $350 million in just a few days.Subsequently, Truth Terminal made a fierce publicity from Twitter and Discord, and with the obvious wealth effect of secondary markets such as LBank, the market value of GOAT exceeded US$1.3 billion.Although GOAT’s market value has fallen back to US$830 million as of November 27, down 38.01% from its historical high, its influence remains far-reaching.

The rise of GOAT not only reflects the intersection of artificial intelligence, blockchain and Meme culture, but also reveals the potential far-reaching impact of AI on the field of encryption.This phenomenon brought the combination of AI and Meme back to the public eye and stimulated widespread discussion and attention.

ACT

AI Prophecy (ACT) is an AI-themed meme project based on Solana blockchain, aiming to combine AI’s growing influence in the field of decentralized finance and innovatively integrate community interaction and cultural trends.Through independent AI agents, the project integrates AI-driven non-scripted interactions into a dynamic environment, while introducing social network elements.Unlike traditional projects, ACT’s AI agents are able to learn, adapt and actively participate in a simulated social environment, constantly optimizing the user experience.In this way, ACT achieves continuous user interaction, creating a unique market dynamics and a sense of deep participation.

Since GOAT became popular, AI Meme has quickly become one of the hottest tracks in the crypto field, with various projects pouring in to compete for the “Dragon Two” status in the AI ​​track.Among them, ACT, as an infrastructure Meme, was once considered a candidate with great potential.However, after receiving community funding, AMP, one of the developers of ACT, repeatedly deceived the community and sold all the tokens in his hands, causing the token to plummet by 50% in an instant, almost destroying the prospects of this project.

However, with the help of Wizard and other community members, ACT has not given up on its hopes after many ups and downs.After several rounds of adjustments and revival, ACT finally successfully launched LBank on October 22, bringing a first-line turning point to the project.Immediately afterwards, on November 11, ACT’s launch on Binance triggered a warm response in the market, and the price soared, successfully consolidating its second position in the AI ​​Meme field, ushering in the opportunity for recovery and breakthrough.

CoinGecko data shows that ACT reached an all-time high of $0.942 on November 14, with a market value exceeding $800 million.As of November 27, the ACT price has fallen back to US$0.4429, and its market value remains at around US$410 million, down 50.4% from its all-time high.

PNUT

Peanut ($PNUT) is a Meme coin issued on the Solana chain, designed to pay tribute to Peanut, a famous pet squirrel in New York City.Peanut quickly became popular for the cute videos shared by its owner Mark Longo, attracting millions of fans with its charming personality.However, in October 2024, the New York State Department of Environmental Protection (DEC) took Peanut from Longo’s home and eventually euthanized due to law banning wildlife and concerns about rabies.

The story of Peanut being captured and dead quickly became a political hotspot.The public’s regret for Peanut’s unfortunate experience spread throughout the Internet, especially with the “burden” of public figures such as Musk, which turned this incident into an American political movement, aroused strong indignation and widespread confrontation across the Internet.

On October 31, the squirrel-themed Meme coin PNUT was officially born on the Solana chain.Then on November 3, PNUT first launched LBank and Binance launched on November 11, and ushered in a four-day surge.On November 14, PNUT’s currency price soared to its all-time high of US$2.484, with a market value exceeding US$2.4 billion.As of November 27, PNUT’s currency price has fallen back to US$1.09, and its market value remains at around US$1.1 billion, down 55.71% from its all-time high.

The external attention and internal narrative core superimposed, causing the relevant narrative FOMO to overflow, and similar “save” narratives and themes began to appear, $JORGIE (the monkey taken away by the police), Free Shayne Coplan (the founder of Polymarket)Petitions after arrest) appeared one after another, but only PNUT has maintained a certain market popularity at present.

Summarize

This round of Meme’s narrative began with BOME, which was pre-sold and gradually evolved into AI Meme, with innovation and narrative emerging one after another.Unlike the traditional VC coins that rely on fundamental analysis, one of Meme’s core narratives is dominated by emotions and carried by community power.Meme itself has become a carrier of community value and market sentiment, and the recurring appearance of the myth of getting rich continues to affect the users’ nerves.The popular AI Meme, as a brand new asset issuance method, is automatically distributed through AI, which makes AI + Meme one of the most practical and innovative experiments.

If Meme in the past was a carnival for ordinary users and retail investors, then this round of Meme Summer started a new understanding of Meme’s potential in the currency circle, and many old investment institutions have also personally participated in the Meme project.In the near future, Meme will inevitably become an indispensable and important puzzle in the entire Web3 ecosystem.

After all, greatness cannot be planned. In the history of crypto, why has Bitcoin been a Meme coin ever been?

At the same time, we need to note that when promoting new Meme coins, they are easily influenced by social media influencers.However, since many of these tokens do not provide real-world value or practical use, they should be traded with caution.Despite the success stories of such transactions, most people end up losing money because many tokens gain value from social engineering.They are also most likely to pull up sell-offs, which makes them extremely unstable.

Please make sure to fully study the project and implement good risk management before trading.

Joint publishing unit:

MetaEra:

MetaEra is a leading crypto media organization based in Hong Kong, committed to promoting the development of blockchain technology and the Web3 ecosystem.Through professional news coverage, in-depth analysis and industry insights, MetaEra provides authoritative information and insights to blockchain enthusiasts and industry practitioners around the world.Its coverage covers blockchain technology, cryptocurrency market, decentralized finance (DeFi), NFT and metaverse.

As an important bridge connecting the global Web3 community, MetaEra promotes industry exchanges and cooperation through diverse forms such as industry events, online seminars and expert interviews.At the same time, its high-quality content and multilingual communication capabilities make it a recognized professional media platform in the industry.

Bee Network:

Bee Network is an innovative application based on blockchain technology, aiming to enable more users to understand and experience the potential of blockchain in a simple way.Users can participate in the Bee Network ecosystem through mobile devices, obtain Bee Tokens, and interact with other users in the community to explore the diversified application scenarios brought by blockchain technology.

Bee Network’s vision is to build a safe, transparent and sustainable digital economy platform for users.Its ecosystem plans are gradually expanding to payments, transactions and more practical applications, providing participants with a real value experience.While attracting the attention of global users, Bee Network is also constantly promoting technology research and development and community construction to support its long-term development goals.