• 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

Ethereum Traders Keep an Eye on Balanced Liquidation Clusters

chest

Ethereum traders are monitoring balanced liquidation clusters around $1,900 and $1,600, which may lead to sharp price movements.

user avatarMohamed Farouk

Revised Editorial Guidelines Highlight Precision and Neutrality.

chest

A strict editorial policy has been introduced to enhance the quality of content by focusing on accuracy, relevance, and impartiality.

user avatarElias Mukuru

Weslad's Technical Analysis Now Available on TradingView

chest

An article based on technical analysis by Weslad is now accessible on TradingView.

user avatarDiego Alvarez

Axelar Bridge Connection Suspended After $467 Million Exploit

chest

The Axelar bridge connection to Secret Network has been suspended following a significant exploit involving an infinitemint vulnerability.

user avatarKenji Takahashi

Company Boosts USD Reserve and Expands Bitcoin Holdings

chest

The company has announced a significant increase in its USD Reserve by 300 million and acquired additional Bitcoin.

user avatarMaria Fernandez

Japanese Pension Fund to Allocate 1% to Cryptocurrency

chest

A Japanese corporate pension fund plans to allocate approximately 1% of its assets to cryptocurrency in fiscal 2026, marking a significant step in institutional crypto adoption.

user avatarGustavo Mendoza

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.