The world of cryptocurrency is always evolving. Meme coins have been gaining attention recently, with some speculating about a meme coin supercycle. These playful and often humorous digital currencies are gaining popularity. In this blog we will look at the rise of meme coins and speculate about a potential supercycle.
The birth of meme coins
Meme coins started out as Dogecoin. Created by Billy Markus and Jackson Palmer in 2013, Dogecoin was initially a joke. They were based on the popular “Doge” meme featuring a Shiba Inu dog. But it quickly gained a devoted following. The community loved the fun nature and affordable prices. Dogecoin’s market capitalization has seen impressive growth, reaching nearly $90 billion during its 2021 peak. Last month, the original dog that inspired the meme passed away.
Dogecoin is originally a “fork” of Bitcoin with some tweaks and sits on its own blockchain.
Big Meme Coin Is Rising
In 2023, the value of several meme coins soared. $PEPE, $BONK, and $WIF are representative examples. This coin has captured the imagination of retail investors.
The next three major examples are meme coins, which have all started in the last 8-14 months and entered the top 50 cryptocurrencies. Is that a sign of a meme coin supercycle?
pepe coin
Pepe Coin, inspired by the internet frog meme, has seen an incredible rise. His market capitalization soared to a record high of more than $2 billion last month. The coin gained popularity due to its widespread meme appeal and community-driven marketing efforts.
It is currently the second largest meme coin on Ethereum after $SHIBA.
Bonk Coin
Bonk, another popular meme coin, followed suit. It started out as a fun experiment on the Solana blockchain. Bonk’s market capitalization has reached over $500 million thanks to its engaging community and viral marketing campaign.
$BONK was airdropped to core members of the Solana community, and we have been trading frequently ever since. It is currently the biggest meme coin on Sol.
DogwifHat (WIF)
$WIF also joined the ranks and attracted attention with its novel concept. The market capitalization of this coin reached approximately $300 million. The appeal of WIF lies in its humor and active participation by community members. Just like many meme coins are inspired by the Doge, this one is also based on the Shibu dog.
This meme coin, the second largest in sol, has certainly garnered attention on cryptocurrency Twitter, with many offshoots of the quirky “wife hat” concept. You can find a simple guide to WIF here.
All of the above meme coins can be traded on Bybit. When you’re ready to degenerate, use our referral link.
Solana Meme Coin Hype
Solana has become a hotbed of meme coins. In 2023 and 2024, the number of Solana meme coins exploded. Data shows that hundreds of new meme coins have been launched on Solana. This platform’s fast transactions and low fees make it ideal for meme coin enthusiasts.
Solana’s numbers increase
To illustrate the explosive growth, more than 200 meme coins were launched on Solana in 2023. By mid-2024, this number had doubled, reflecting growing interest in the platform and its ease of launch. The total market capitalization of Solana-based meme coins reached $1.5 billion.
Rise of the Pump.Fun
Pump.fun is revolutionizing meme coin launches. Creating meme coins has never been easier. In 2024 alone, over 1 million new coins will be released. Many of these originated from Pump.fun. This platform simplifies the process, attracting countless new creators. Basically, anyone can launch a meme coin within minutes.
How Pump.fun works
Pump.fun provides an easy-to-use interface for launching new meme coins. Users can create coins in minutes by choosing their own unique name and symbol. This ease of use has contributed to a massive influx of new meme coins.
Market Impact of Pump.fun
The amount of new coins is skyrocketing, with over 1 million new coins launched in 2024. This explosion has led to increased market activity and speculation, with many investors looking for the next big hit.
Why Meme Coins Are Attractive
Meme coins are capturing people’s attention for several reasons. They offer casino-like benefits. Investing early in the right meme coins can make you a millionaire. Retail investors, especially the “gamestonk” audience, love this high-risk, high-reward game. The community aspect also plays an important role. People like to participate in fun and interesting things.
Attractiveness of high profits
The potential for high returns is a big attraction. Many investors are attracted to stories of early adopters who have achieved significant profits. This possibility of quick wealth keeps interest going.
community and culture
Meme coins often foster strong communities. Investors feel like they belong to an exclusive club as they share jokes, memes and investment tips. This sense of belonging and collective excitement fuels the meme coin phenomenon.
The Role of Meme Coin Airdrops
Meme coin airdrops have become a popular strategy to attract new users and investors. These airdrops often involve distributing free tokens to a broad audience as a marketing exercise. This strategy creates buzz and engages potential investors. For example, Bonk conducted a large airdrop to Solana users, significantly increasing its popularity and market capitalization. Airdrop can help you introduce people to new projects, encourage community participation, and quickly build a loyal user base.
Pacmoon on Blast is another great example of a meme coin airdrop, which then continues to maintain interest with multiple seasonal airdrops for social media engagement.
You can find more meme coin airdrops at AirdropAlert.com, where we often post meme coin airdrops that you can claim or sign up for. If you want to receive the latest news, follow us on
Celebrity Influence on Meme Coins
It wouldn’t be a meme coin supercycle without famous people participating. Celebrities are jumping on the meme coin bandwagon. Notable figures like Caitlyn Jenner and Hulk Hogan have launched their own meme coins. Caitlyn Jenner’s coin garnered immediate attention due to her huge following. Likewise, Hulk Hogan’s involvement added an interesting twist to the market but immediately shocked his investors. Additionally, Iggy Azalea used her social media presence to get his attention and released $MOTHER. These celebrity coin launches attract new audiences to meme coins, amplifying their reach and popularity. $Mother’s market capitalization reached $200 million.
I wonder why people like this $Mother coin…
You could argue that Pump.fun has made it too easy for now. If you are gambling with these celebrity coins, proceed with extreme caution.
Speculation about a meme coin supercycle
Could we be on the verge of a meme coin supercycle? Several factors suggest this possibility. The rise of meme coins, ease of launch, celebrity, and passionate communities are all pointing towards a supercycle. However, it is important to exercise caution. The meme coin market is highly volatile. While there is the opportunity to make significant profits, there is also the risk of significant losses.
Supercycle Indicators
The continued creation of new coins and the increase in market capitalization of existing coins are strong indicators. Additionally, these coins continue to enter the mainstream due to the participation of high-profile influencers and celebrities. Every blockchain seems to have its own set of meme coins.
Risks and Considerations
Despite the excitement, it is important to approach meme coins with caution. Markets are highly speculative and prices can be extremely volatile. Due diligence and a clear understanding of the risks are important for anyone looking to invest. There’s a reason it’s called a meme coin casino.
Related Links
Here are some links and sources to get you started on your meme coin journey:
- Bonkbot – A tool that gives you early Solana Snipe meme coins. There’s a full guide here.
- Dexscreener and Raydium – DEXs that primarily trade low market cap meme coins.
- Unisat – Trade meme coins like $DOG and $SATOSHI on Bitcoin on the Runes protocol.
- Wallets – Check out Phantom, Rainbow or Xverse to trade your meme coins on various blockchains.
- Bybit & Binance – Popular CEXs that initially listed mid to large market cap meme coins, you can trade meme coins using leverage on these exchanges. Of course it is very dangerous.
conclusion
Meme Coin has carved out a unique niche in the cryptocurrency world. From humble beginnings with Dogecoin to the explosive growth of new coins in 2024, they continue to captivate investors. Whether we are entering a supercycle is yet to be seen. However, the excitement and potential for high rewards makes meme coins an interesting part of the cryptocurrency landscape. Stay informed, invest wisely, and have fun!
final thoughts
It is important to stay informed as you watch the meme coin market develop. New trends and coins can appear overnight. By keeping an eye on market trends, investors can make informed decisions. The allure of quick profits is tempting, but a balanced and well-researched approach is always best. Happy investing, or better yet, happy gambling!
If you like our content, you can support us by signing up for a Binance account using our referral link. Most of the meme coins mentioned in this blog can be traded there. Don’t forget to claim your bonus if you buy/sell or trade cryptocurrencies.
You might also like our other blogs about Crypto Sportsbooks or Tap-to-Earn Games.
