Memecoins Outshine Crypto Market with 103% Gains in a Month
Over the past month, memecoins have outperformed the broader cryptocurrency market with an average return of 103%, far exceeding the market’s 16.1%, according to Artemis.
Dogecoin ( DOGE ) and Pepe ( PEPE ) led the surge, gaining 196.1% and 115%, while PepeCoin rose 121.1%. Solana-based Bonk ( BONK ) and Base’s Brett ( BRETT ) also saw significant gains.
In contrast, election-related memecoins like MAGA (TRUMP) tumbled, with a 72% loss.
Insights from Kaito AI showed memecoins dominating 24% of crypto discussions on X. Meanwhile, the “store of value” sector, including Dash ( DASH ) and Litecoin ( LTC ), posted a 48.2% average return, followed by smart contract-focused blockchains like Cardano ( ADA ) with 47.1%. Solana ( SOL ) and Sui ( SUI ) managed gains of 24.3%, slightly above the market average.
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Glassnode Founders Predict Bitcoin Surge as US Dollar WeakensOther sectors such as oracles, DEXs, and DeFi also outperformed, while AI and social tokens fell 1.6% and 4.6%, respectively. The worst performance came from the data availability sector, which dropped 14.6%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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