• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Examining the Memecoin Declines Over the Past Year

user avatar

by Giorgi Kostiuk

2 years ago


  1. Introduction
  2. 52-Week Memecoin Declines
  3. Examples and Conclusions

  4. The past year has been particularly rough for memecoins, with the top 10 tokens in this category down by an average of 63.73% from their peak. Leading crypto analysis platform Lookonchain conducted an analysis of how memecoins have performed over the past 52 weeks, revealing their highest drawdowns and recovery levels.

    Introduction

    Lookonchain's platform released a detailed analysis showing how much major memecoins have dropped over the past year and providing insights into their current levels compared to their peak values.

    52-Week Memecoin Declines

    According to Lookonchain's data, the largest memecoins have fallen by an average of 63.73% from their peak values. Here are the details for the main memecoins:

    - $DOGE: -57.93% - $SHIB: -70.86% - $PEPE: -58.16% - $WIF: -70.93% - $BONK: -64.63% - $FLOKI: -65.97% - $BRETT: -62.59% - $POPCAT: -43.77% - $BOME: -79.48% - $MEW: -62.99%

    Examples and Conclusions

    One of the most notable examples is $BONK, which initially dropped by 96.63% but then recovered to a current level of 64.63% from the initial drawdown. This shows that despite significant declines, some memecoins can recover.

    In conclusion, the past year has been challenging for memecoins. While some have shown partial recovery, the overall market situation for these digital assets remains volatile.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Western Union Seeks Trademark for WUUSD Amid Stablecoin Plans

chest

Western Union has filed for a trademark for WUUSD, which aligns with its plans to launch a dollar-backed stablecoin on the Solana blockchain by 2026.

user avatarRajesh Kumar

Wells Fargo Moves into Cryptocurrency with WFUSD Trademark Application

chest

Wells Fargo has filed for a trademark for WFUSD, indicating plans to enter the cryptocurrency and stablecoin market.

user avatarJesper Sørensen

Ledger Discloses MediaTek Vulnerability Affecting Crypto Wallets

chest

Ledger's Donjon security research team disclosed a vulnerability in MediaTek-powered Android smartphones that could allow attackers to extract sensitive information from crypto wallets.

user avatarFilippo Romano

MediaTek Vulnerability Exposes User Data on Android Smartphones

chest

A vulnerability in MediaTek processors allows attackers to extract encrypted user data from certain Android smartphones in under a minute.

user avatarLucas Weissmann

SEC Settles Case Against Crypto Entrepreneur Justin Sun

chest

The SEC has announced a settlement with crypto entrepreneur Justin Sun, requiring him to pay $10 million for violating securities laws.

user avatarEmily Carter

Solana Gains Ground in Stablecoin Transactions

chest

Solana has increased its stablecoin transaction volume, surpassing Ethereum last month with $66.064 billion compared to Ethereum's $54.882 billion.

user avatarTomas Novak

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.