• 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

a year 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

China Develops Its Own CrossBorder Payment System

chest

China has developed its own crossborder payment system, known as the CrossBorder Interbank Payment System (CIPS), as an alternative to the SWIFT network.

user avatarSon Min-ho

BMIC Launches Quantum-Secure Wallet to Combat Future Threats

chest

BMIC is gaining attention for its focus on a fully quantum-secure finance stack, addressing vulnerabilities in current crypto wallets.

user avatarAyman Ben Youssef

Security Vulnerabilities Exposed in Prediction Markets

chest

Security vulnerabilities exposed in prediction markets, highlighting a flaw in the authentication flow of a third-party login service that allowed attackers to bypass two-factor authentication.

user avatarTando Nkube

Bitcoin Hyper Aims to Enhance Bitcoin's Utility with Layer 2 Solution

chest

Bitcoin Hyper has launched a new Layer 2 solution to improve Bitcoin's scalability and utility for developers by integrating the Solana Virtual Machine, allowing for sub-second transaction finality while maintaining security.

user avatarRajesh Kumar

Ray Dalio Warns of Dystopian Future with CBDCs

chest

Ray Dalio warns that Central Bank Digital Currencies (CBDCs) will compromise transactional anonymity and increase government surveillance over personal finances.

user avatarNguyen Van Long

Bybit Partners with Stockholm Open to Rebrand as BNP Paribas Nordic Open

chest

Bybit has announced its title partnership with the Stockholm Open, rebranding the tournament to the BNP Paribas Nordic Open.

user avatarKofi Adjeman

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.