General
Last year we talked about the main meme coins, but the meme season never ends! https://info.dextools.io/meme-season-the-hype-behind-pepe-token/
We’ll now update you on 5 of the most visited memecoins on DEXTools this year, all of them backed by a large community…
What is a memecoin?
- A memecoin is a type of cryptocurrency that gains value primarily through online communities and viral internet trends rather than traditional financial fundamentals.
- It often starts as a joke or parody of established cryptocurrencies like Bitcoin or Ethereum. Meme coins typically have quirky names, logos, and slogans, drawing inspiration from pop culture, memes, or internet phenomena.
- They rely heavily on social media platforms for promotion and can experience rapid price fluctuations driven by hype and speculation. While some meme coins may have real-world utility or development behind them, many are purely speculative assets with unpredictable long-term viability.
- So, as we always tell you, trade safe and DYOR.
5 of the most visited memecoins on DEXTools
- Pepe, a memecoin built on the Ethereum blockchain, is linked to the iconic “Pepe the Frog” meme originating from the 2000s. Its exponential growth led to a capitalization surpassing $1 billion during the bear market peak!
- Wif is a memecoin based on Solana. Known for its engaging community and viral appeal.
- It recently became the third largest memecoin by market capitalization, with a circulating supply of 999M tokens.
- Its current market cap (as of Apr 4, 2024) is $3.9 billion, with a 24-hour trading volume of over $577 million.
- DEXTools Chart
3-Duko
- DukoCoin, a memecoin built on the Solana blockchain.
- As part of its commitment to community involvement, DukoCoin consistently engages in charitable initiatives, dedicating 3% of its total supply to philanthropic causes. Notably, the project has contributed 24.02 SOL, equivalent to 5,005 USD, to animal welfare centers.
- DEXTools Chart
- Pork is a meme-inspired cryptocurrency created by Pauly (@Pond0x Founder) which reached a market capitalization of US$290 million one week after its launch.
- Pepe Fork (PORK) emerged as one of the most prominent meme coins in the cryptocurrency market during the first weeks of 2024.
- Pork emerged after the community’s harsh treatment of the PEPE team, accusing it of an alleged lack of transparency and mismanagement. Therefore, Pork arose to rebuild and redefine community projects and introduce future utilities.
- DEXTools Chart
- This project, introduced on the Solana blockchain, swiftly garnered the cryptocurrency community’s interest upon its inception.
- Following its debut on March 26, MEW cryptocurrency experienced a significant surge in trading, with over $176 million exchanged within the initial five hours.
- This surge in trading activity boosted MEW’s market capitalization to $650.91M, placing it 221st in the ranking.
- DEXTools Chart
EXTRA Nosebud
- NOSEBUD is a big nose doge meme coin on Solana. Born on crypto twitter & owned by the community.
- It has a Total Market Cap of less than 1M at the moment of writting this and a circulating supply of 695.98M.
- Launched stealth with no presale, zero taxes, LP burnt and contract renounced.
- DEXTools Chart
Other memecoin communities to be considered are: FLOKI, BOME, Slerf, DINO, PEPE2.0, MAGA, Brett, Degen, the list is a long one, the meme season is always surprising!
