Meme coins have rapidly emerged as one of the hottest trends in the volatile cryptocurrency market in 2024. According to CoinGecko, memecoins were the most profitable crypto sector in Q1 2024, with the highest returns of 1312.6% on average across the top tokens. Moreover, the meme coin was the best-performing narrative and was 4.6 times more profitable than the next closest RWA.
This year, the expansion of memes began with $PEPE, which made headlines across nearly every crypto-related media outlet after achieving an unbelievable 100x increase in price at its peak, following its listing on Binance. This has attracted significant attention from the community, making meme coins a notable force in the cryptocurrency market.
Despite the lack of intrinsic utility, the best meme coins thrive due to their ability to generate buzz and potential returns, as well as to go viral. Their popularity is fueled by crypto communities in social media, where newly created coins spread rapidly, creating a cycle of hype and demand. With the success of the top meme coins in 2024, investors began to take these digital assets seriously, recognizing their potential to generate substantial profits and achieve explosive gains shortly after launch. According to CoinGecko, meme coins currently hold a combined market cap of almost $40 billion.
With the market gearing up for another rally in Q4 of 2024, memes are well-positioned for the next big upward move. In this article, we delve into the best meme coins to buy in 2024, highlighting well-established memes like dogwifhat ($WIF) and upcoming Solana meme coins like Zephyr’s $MALLOW.
Source: DefiLlama
Upon the launch of a new meme coin, all tokens are typically unlocked right after the Token Generation Event (TGE). The absence of lock-up periods in meme coins removes the risk of early investor selling pressure, usually performed by institutions and crypto funds, contributing to higher trust and more organic price movements driven purely by regular market participants. Also, this approach to vesting adds to more healthy token performance over time. The combination of the community-driven nature of memes and the decentralized structure of DEXs is a major contributing factor to the increasing volume of DEXs in 2024. Data reported by DefiLlama illustrates this statement.
Launched on November 20, 2023, dogwifhat ($WIF) has quickly become the top Solana meme coin, boasting a market cap of $1,8 billion. Dogwifhat features a Shiba Inu wearing a knitted hat as its mascot, tapping into the popular culture of dog-themed cryptocurrencies.
The rapid ascent of $WIF can be attributed to its enduring appeal of dog-themed meme coins, a trend that gained massive momentum with the success of the $DOGE in 2021. dogwifhat capitalized on the rising Solana meme coin trend, generating social buzz before launching a coin that perfectly aligns with internet culture.
The Tokenomics structure of $WIF fully embraces decentralization, with complete renouncement of ownership and zero balances for both the creator and Token Update Authority.
Current and Circulating Supply: | 998 million $WIF tokens
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Market Cap: | $1.54 billion |
Fully Diluted Market Cap: | $1.54 billion |
Notably, all $WIF tokens are immediately unlocked, meaning the circulating supply equals the total supply (Circulating supply = Total supply). This approach underscores dogwifhat's commitment to transparency and ensures that no single entity holds control, aligning with the project's focus on community-driven development.
Launched on a Solana DEX, Raydium, in November 2023, dogwifhat was initially available only for decentralized trading. The price of $WIF experienced a significant increase of 500% just before the first CEX listing was announced.
The coin's growth has been significantly influenced by celebrity endorsements, particularly from rapper Drake, who wore the iconic "Dogwifhat" hat during a live stream. This moment went viral and led to a massive $WIF pump.
The involvement of influencers and celebrities has been a critical factor in $WIF's market impact. Dogwifhat meme coin gained further visibility when it secured a week-long advertising spot on the Las Vegas Sphere, funded by a successful $681,000 crowdfunding campaign. Such exposures propelled $WIF into mainstream recognition, solidifying its place in the meme coin space.
Overall, influencer marketing and KOLs support can drastically influence the success and growth of meme coins.
The MEXC Global listing was an early step forward in a massive adoption of the dogwifhat, which included listings on the largest CEXs by daily trading volume, like Binance, Bybit, OKX, and more.
The real bull run of the dogwifhat meme coin began when Binance Futures announced the launch of the USDⓈ-M WIF Perpetual Contract. The listing was an important milestone and resulted in a substantial increase in open interest, causing a 35% surge in the price of $WIF following the announcement. This listing eventually led to a surge in trading activity, with the 24-hour trading volume for $WIF peaking at over $1 billion. As a result, dogwifhat's price soared to nearly $5 per coin.
dogwifhat ($WIF) price prediction
The recent market correction has created an ideal buying opportunity for investors to reenter the $WIF coin before the next bullish cycle in the top Solana meme coins begins. With its strong community backing and the resurgence of the meme coin trend, dogwifhat is well-positioned to lead the charge as the market gears up for another rally.
In the previous blog article, we touched upon $ZEFY, the utility token of the Zephyr decentralized prediction platform, and considered why it is positioned to achieve significant gains after its Token Sale and TGE.
After the launch of $ZEFY, Zephyr is also planning to impact the crypto space with its upcoming Solana meme coin. As a “true meme coin Fluff,” $MALLOW is an emerging meme poised to gain popularity across the Solana community.
Inspired by the joy and playfulness of marshmallows, the Mallow meme coin aims to create an engaging and unique meme focused on delightful sweets. At the same time, $MALLOW offers great potential for value appreciation due to its extensive usability within the Zephyr ecosystem and increased user participation on the platform. With the success of the ongoing $ZEFY Token Sale, $MALLOW is the next top Solana meme coin.
Despite the detailed token utility and tokenomics being undisclosed, developers are cooking something… Zephyr's roadmap hints that in Q4 of 2024, $MALLOW will be introduced after other “Token Heroes” $USDZ, $ZEFY launch. Mallow meme coin will reward the most active Zephyr platform users with VIP Perks, such as extra marshmallowy benefits for BIG stakers.
Mallow meme coin's tokenomics are designed to ensure long-term sustainability and growth. A substantial portion of the $MALLOW total supply is reserved for community rewards and development initiatives. Moreover, Zephyr announced a plan to list $MALLOW on several major exchanges in Q1-Q2 of 2025. This move is expected to increase liquidity and accessibility for the token. This strategy is crucial for driving Zephyr's adoption and ensuring that $MALLOW remains a strong contender in the competitive meme coin space.
After the $ZEFY coin launch, Zephyr plans to reward its community. It’s very likely that $ZEFY holders and the most active users of the Zephyr decentralized prediction platform will be eligible for a generous $MALLOW airdrop. With a massive allocation for $ZEFY holders, the $MALLOW distribution strategy strengthens community engagement within the Zephyr ecosystem, further driving the platform’s adoption.
Analysts are optimistic about Zephyr's potential, with many expecting it to follow in the footsteps of other newly launched Solana meme coins that have seen significant price appreciation after gaining traction in the market. You can check the complete project analysis here.
Zephyr's decentralized prediction platform, supportive community, and strong financial backing, with a $3 million Total Raise, point to massive initial momentum for an upcoming Solana meme coin, $MALLOW. With upcoming listings on major exchanges, $MALLOW is well-positioned to capitalize on the growing interest in memes, making it a project to watch closely in the coming months. Subscribe to Zephyr’s X (Twitter), and do not miss key updates.
Bonk ($BONK) is a top Solana meme coin inspired by the Shiba Inu mascot. Unlike most meme coins, Bonk has its ecosystem with 131 integrations across 11 chains. Bonk, a genuine community-driven meme coin, also functions as a utility token across various applications and protocols within the Web3 ecosystem. The Bonk ecosystem encompasses BonkSwap, BonkBot, BonkRewards, and other key projects, offering diverse utilities for the $BONK token and enhancing its usability. According to DefiLlama, the TVL of BonkSwap is $1.63 million. Initially facing skepticism due to the weak market sentiment surrounding Solana in 2022, Bonk crypto’s rapidly growing adoption reached over 750K holders. Moreover, $BONK is listed on 41 different centralized and decentralized exchanges.
The rapid spread of the Bonk is most frequently associated with its generous airdrop to the Solana community. In December 2022, an airdrop of 50% of the total supply of $BONK was announced for the Solana ecosystem contributors on Christmas Day.
Bonk airdrop had a profound impact on the Solana ecosystem:
Source: Dune Analytics
Bonk played a key role in reactivating and expanding the Solana network. Bonk’s success during a period of low market sentiment helped restore trust in the layer-1 blockchain, particularly among retail investors. The excitement generated by the airdrop and subsequent listings helped drive Solana's market recovery, with $BONK quickly becoming a leading meme coin in the ecosystem.
Total Supply: 93.5 trillion $BONK tokens.
Bonk's airdrop distribution reinforced its community-first ethos, with allocations for Solana's most active NFT projects, artists, DeFi users, early contributors, and more.
Allocation:
Current Supply: | 69.85 trillion $BONK |
Market Cap: | $1.36 billion |
Fully Diluted Market Cap: | $1.8 billion |
The distribution of $BONK concluded in January 2023, with over 65% of the token circulating supply permanently burned to increase the value of the Bonk token. This unique burning mechanism ensures a percentage of every transaction is removed from circulation, reducing the total supply of the $BONK over time and incentivizing holding.
Additionally, 15.8% of the Bonk coins have been allocated to BONKDAO, empowering members to participate in governance and support initiatives related to project development, grants, and other activities that further fuel BONK’s value growth. For instance, BONKDAO recently received and approved a proposal to burn approximately 84 billion $BONK from its Treasury. This proposal has already been passed and executed.
The BONK airdrop was a pivotal moment for Solana. It revitalized the network through increased transactions, active addresses, and market engagement. The event underscored the power of community-driven projects in reshaping blockchain ecosystems.
With its strong community support and strategic distribution, Bonk coin price is expected to continue its increase in Q4 of 2024 due to the rapidly evolving ecosystem of the second-largest meme coin on Solana.
Brett Coin ($BRETT), the blue mascot of Base, is a leading meme coin on the layer-2 blockchain. It draws inspiration from Matt Furie’s iconic Boys' Club comic series. Launched in February 2024, Brett is the first meme coin on Base to surpass the $1 billion market cap.
Based Brett, known as Pepe the Frog's best friend, encapsulates the humor and values that have long been associated with the Boys' Club comic, drawing on its nostalgic appeal. Unlike traditional cryptocurrencies, Brett is more than just a financial asset, it's a symbol of shared cultural moments and collective laughter.
$BRETT thrives within a decentralized framework, where the power of the community drives its adoption, marketing, and development. This decentralized approach not only fosters a sense of ownership among its holders but also creates a dynamic environment where creativity and collaboration flourish. In essence, Brett isn't just riding the wave of meme culture, it's shaping it.
The BRETT meme coin was launched at the end of February 2024 without a presale or team allocation, ensuring a fair distribution. With 85% of the $BRETT allocation locked in liquidity pools, meme coin was launched on Uniswap V3 (Base) and, from the get-go, was available for purchase on base chain DEXs. The launch was accompanied by increased social media activity, driving initial interest. Brett's coin listings on major CEXs, such as Bybit, have been crucial in the top Base meme coin surge. According to Blockworks, $BRETT was the third-fastest growing memecoin to hit a $1.5 billion market cap.
$BRETT is an ERC-20 token with zero tax.
Total and Max Supply: | $10 billion $BRETT tokens.
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Allocation:
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Market Cap and Fully Diluted Market Cap: | $840 million |
The token contract has been renounced, which means the creator has lost the ability to mint new tokens, modify the token's supply, and access or withdraw funds from the contract. Additionally, the Liquidity Pool is locked for 365 days, preventing the project's team from withdrawing funds during this period. The coin's decentralized nature is confirmed by the fact that almost all of the $BRETT supply was initially unlocked after TGE. This strategic distribution, combined with a zero-tax model, increases the long-term value of the top Base meme coin.
The future of $BRETT looks promising, with expectations for significant price appreciation as the coin gains traction. With a current price of $0.08157, and a market cap aiming for $1 billion once again, $Brett price is poised for substantial growth. Based Brett benefits from strong community backing and its association with the popular Boys' Club comic. Additionally, the growing popularity of Base meme coins enhances BRETT's appeal as a lucrative investment.
Dogs ($DOGS) is a Telegram-based meme coin inspired by Spotty, the beloved mascot created by Pavel Durov, the founder of TON and Telegram. Launched with a massive airdrop campaign, $DOGS quickly gained traction within the crypto community, especially on Telegram, where it has fostered a highly engaged user base. With its listings on top centralized exchanges like Bybit almost immediately after the TGE, Dogs meme coin is poised for lightning-fast growth and adoption. For instance, $DOGS even launched through Binance Launchpool!
DOGS airdrop campaign on Telegram was a resounding success, capturing the attention of millions of users. Within the first three days, 10 million users subscribed to the DOGS coin Telegram channel, and that number ballooned to 20 million within ten days. The airdrop, facilitated through the DOGS Telegram bot, distributed $DOGS tokens to a broader Telegram audience, with 10 million Telegram users connecting their TON Wallets.
Criteria for Airdrop: The distribution was based on the age and activity of Telegram accounts, rewarding long-standing and active members of the popular Messenger. Participants could further increase their airdrop allocation by performing social tasks and referring other Telegram users. This airdrop allocation model incentivized engagement and helped expand the community’s reach and involvement.
DOGS has successfully united and expanded the crypto community while creating significant social media hype by launching a new meme coin with a generous airdrop. Telegram’s Dogs coin large-scale distribution strategy ensured a broad user base from the start, laying a solid foundation for the token's future.
Telegram’s DOGS emphasizes a community-first approach: 81.5% of the total $DOGS supply is distributed to members through in-app activities and incentives.
Current and Max Supply: | 550 billion $DOGS tokens. |
Allocation: |
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Market Cap: | $638 million |
Fully Diluted Market Cap: | $677 million |
$DOGS has quickly established itself as one of the best TON meme coins, with its extensive airdrop campaign and active community setting the stage for its success. Telegram’s DOGS made most of the large user base, combining the playful spirit of memes with a solid foundation and strategic development.
The $DOGS token price has shown a promising direction following its TGE and listings on top CEXs. While predicting the exact price movements of newly launched meme coins is difficult, the initial success suggests a positive trajectory for $DOGS. Analysts anticipate that this TON-based meme coin could experience a surge in its price as one of the best new meme coins to buy in 2024.
Popcat ($POPCAT) is a unique meme coin on the Solana blockchain, inspired by the viral internet meme featuring a domestic short-haired cat named Oatmeal. This meme was later transformed into an engaging online game where users can click on the cat's image to switch its mouth from open to closed, generating a "pop" sound.
The competitive nature of the Popcat browser game, where each click is counted and contributes to a user's nation's ranking on a global leaderboard, has captivated much attention, leading to the creation of the Popcat meme coin.
$POPCAT token capitalizes on the immense popularity of the Solana meme coins to build a robust and engaged community. Unlike traditional cryptocurrencies with utilities and fundamentals, the Popcat coin is not designed with an investment-driven framework. Instead, Popcat aims to elevate the interactive and communal aspects of the game, staying true to the values of meme coins that emphasize entertainment rather than financial gains.
Similar to the dogwifhat meme coin, $POPCAT is entirely community-owned meaning that all Popcat coins are immediately unlocked after TGE, meaning the circulating supply equals the total supply (Circulating supply = Total supply). The entire supply of $POPCAT, which amounts to 979 million tokens, had 93.1% allocated to the liquidity pool, subsequently burned, and the contract was renounced, ensuring its decentralized framework. The remaining 6.9% of the $POPCAT tokens are securely held in a multi-sig wallet, allocated for strategic purposes such as exchange listings, blockchain bridges, and liquidity enhancements. Additionally, $POPCAT has zero taxes. With this strategic distribution model, Popcat fosters long-term engagement and builds trust in this Solana meme coin.
Popcat exemplifies an innovative blend of meme culture and interactive gaming within the cryptocurrency space. Its success hinges on sustained participation, virality, and a global user base. With listings on top CEXs, $POPCAT appears to follow the price action of $WIF, which pumped hard after the Binance Futures listing due to increased volume. And guess what… $POPCAT recently was listed on Binance Futures and immediately became one of the biggest daily gainers on Binance, alongside also newly listed $SUN.
With its strong community backing and the viral Oatmeal meme, the Popcat coin has the potential to outperform most dog-themed memes and become one of the best meme coins on Solana soon.
Book of Meme is a next-gen experimental project designed to redefine web3 culture by seamlessly merging memes, decentralized storage solutions, and degen shitcoin trading and gambling. $BOME is a next-gen Solana-based meme coin that benefits from high-speed transactions and low fees of the leading Layer-1 blockchain. Book of Meme aims to create an enduring decentralized storage system where all memes are permanently stored and secured on the blockchain. By establishing a dedicated archive for memecoins that highlights internet culture, Bome crypto aims to transform decentralized social media and ensure that memes remain a vital aspect of online communities.
Current and Max Supply: | 69 million $BOME tokens. |
Allocation:
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Market Cap: | $424.8 million |
Fully Diluted Market Cap: | $424.8 million |
Since its launch, BOME meme coin token has quickly captured the attention of the market participants, appealing to investors missing $BONK and $WIF, looking for a new opportunity to profit. In March 2024, Darkfarms, a renowned crypto artist, launched a 24-hour Book of Meme Presale. During the presale, participants were invited to send $SOL to a specific address. The distribution of $BOME coins was based on the proportion of SOL each participant contributed.
The presale was a massive success, topping over 10,000 SOL, over $1.4 million at the current price. According to CoinGecko, the fast $BOME presale exposure has resulted in $1 billion in trading volume just hours after the coin was launched. This has propelled this new Solana meme coin to the top 138 largest tokens and temporarily earned it a spot in the $1 billion market cap club just two days after its launch. The hype surrounding Book of Meme has been fueled by strategic moves such as listings on major exchanges, boosting its visibility, accessibility, and liquidity.
Despite the initial pump, $BOME is yet to experience the explosive price surge seen in other meme coins like $WIF after the listings. However, this could change soon, as Book of Meme has all the necessary pieces to replicate such patterns.
The current consolidation phase might just be the calm before the storm, positioning $BOME as a strong contender to mirror or even exceed the success of its predecessors. With its unique build-up, the BOME meme coin continues to gain traction, as the next price breakout will signal a significant upward movement in $BOME. Investors looking for high-risk, high-reward opportunities in the meme coin sector should consider adding $BOME to their speculative portfolio.
Cat in a Dog's World ($MEW) is a top Solana meme coin created to start a new era. In the competitive world of cryptocurrency, the meme coin sector is dominated by dog-themed tokens like Dogecoin and Shiba Inu. Meanwhile, cat in a dog's world stands out as an unconventional project. MEW crypto established its unique presence in a crowded meme coin space dominated by dog-themed coins.
Launched on March 26, 2024, via the Raydium decentralized exchange, the cat in a dog's world coin quickly captured attention as 10% of a total $MEW supply was airdropped to the Solana community.
Within the first three hours of its launch, the $MEW coin experienced a spike in its trading volume, reaching over $150 million. According to Lookonchain, a trader turned $35K into $44M in just five days, a gain of 1,267x! Market interest in the MEW coin can be attributed to its initial strong engagement on social media and the broader trend of meme coins in the Solana ecosystem.
MEW’s tokenomics are as sleek and strategic as the creature it represents.
Total and Max Supply: | 88.89 billion $MEW tokens. |
Allocation: |
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Market Cap and Fully Diluted Market Cap: | $380 million |
To ensure stability and long-term value, $MEW has implemented a burning mechanism where 90% of its liquidity pool (LP) tokens are burned. This significant burn reduces the circulating supply, helping to create a stable price floor and decreasing the likelihood of extreme volatility, a common issue in the meme coin market.
MEW has allocated the remaining tokens, 10% of the total $MEW supply, to the Solana contributors. This strategic launch with an airdrop serves as both a reward and an invitation, creating buzz within crypto communities. By tapping into an established and active Solana community, a cat in a dog’s world increased its likelihood of widespread adoption and consistent trading activity, thereby solidifying its position in the market.
After the launch $MEW delivered more than 10x in less than a week. After this explosive pump, a significant correction in the MEW coin lasted more than 100 days. It ended with a MEW coin breaking the resistance line and delivering 2x after the listing of Binance Futures.
Cat in a dog’s world, unique positioning could lead to substantial gains in the future. Given the cat in a dog's world innovative approach to strategic launch and distribution, MEW coin price could once again test its ATH if the Solana meme coin trend continues.
The cat in a dog's is one of the best meme coins to buy in 2024 due to its strong market positioning, innovative tokenomics, and unique mascot. For investors looking for a promising meme coin, $MEW presents an intriguing opportunity.
Mog Coin ($MOG) is an Ethereum-based meme coin that serves as the native token of a platform designed to foster community interaction centered around shared values and humor. The term "Mog" is derived from AMOG, which stands for "alpha male of the group". The joycat symbol associated with $MOG represents community resilience and a commitment to positivity within the decentralized ecosystem. Mog coin was launched in July 2023 as a fair launch meme coin via a Uniswap V2 LP. MOG leverages the viral nature of internet culture to build a unique ecosystem where users can engage with one another in a fun and lighthearted environment. This platform is a testament to the power of meme culture in uniting like-minded individuals and creating a shared space for humor and camaraderie.
Mog meme coin is mainly utilized within its ecosystem for various purposes. $MOG is used for transactions, buying items, or services and can be bridged between Bitcoin and Ethereum via the Multibit bridge, adding flexibility and usability. Mog coin also functions as a medium of exchange and store of value, allowing users to handle transactions in a decentralized manner without interference from central authorities.
Max. Supply: | 420,690 billion $MOG tokens |
Circulating Supply: | 360,448 billion $MOG |
Market Cap: | $385 million |
Fully Diluted Market Cap: | $447 million |
The $ MOG tokenomics are structured to encourage long-term holding. Team members hold only 12% of all tokens, ensuring $ MOG's broad market distribution. Additionally, this community-driven project includes a burning mechanism to reduce the $MOG token supply, potentially increasing its value over time.
The success of the MOG coin relies on the continued involvement of its community and the contagious nature of the meme culture it represents. With its members' strong support and the platform's focus on humor and shared values, the price of the Mog meme coin has the potential for a compelling rise in the fourth quarter of 2024. As the cryptocurrency market continues to evolve, $MOG may establish itself as a leading Ethereum meme coin.
The U.S. political elections garnered extensive media coverage worldwide. This event aligns perfectly with the essence of meme coins, and influential figures like Donald Trump generate the necessary excitement to ignite interest within crypto communities.
MAGA ($TRUMP) is a meme coin that positions itself as the embodiment of the "MAGA Movement on the Blockchain." Launched on August 11, 2023, $TRUMP coin combines political satire with meme culture. It taps into the political and cultural significance of the "Make America Great Again" movement, blending it with the modern cryptocurrency landscape. As a meme coin, MAGA aims to resonate with supporters of the movement while also making a tangible impact through charitable donations.
As of February 2024, MAGA has donated 305 ETH to U.S. veterans and 270 ETH to Child Trafficking Prevention. This focus on charity not only strengthens the coin's appeal to its core audience but also helps build credibility within the broader crypto community.
The tokenomics of MAGA include a 1% tax on all buys, sells, and transfers, with 0.33% of the total supply allocated specifically for donations to U.S. veterans and child trafficking prevention initiatives, while 0.66% is set aside for marketing, development, and adding liquidity.
Total and Max Supply: | 47 million $TRUMP tokens. |
Current Supply: | 44 million $TRUMP |
Market Cap: | $145 million |
Fully Diluted Market Cap: | $154 million |
Maga (trump coin) represents a unique fusion of political ideology and cryptocurrency innovation. $TRUMP distinguishes itself from other meme coins by offering more than just speculative value. For supporters of the MAGA movement, this coin provides a way to contribute to causes they care about while participating in the cryptocurrency market.
With the increasing popularity of the MAGA coin, there is potential for significant price growth leading up to the elections. Also, if Donald Trump wins the elections, the $MAGA meme coin could rise in value. Investors should consider adding $TRUMP to their Ethereum-based meme coin portfolio before the elections to increase their profits.
The success of meme coins is driven by the enthusiasm and support of their communities. Positive sentiment and endorsement within social media can rapidly boost a coin's popularity, often fueled by the fear of missing out (FOMO). The desire for rapid gains continues to draw investors to buy the best meme coins that promise astounding returns. Memes have a remarkable ability to effortlessly resonate with internet culture, aligning with trends and online humor to captivate audiences.
Despite facing inherent risks, such as potential rug pulls, meme coins like Cat in a Dog's World ($MEW) or Book of Meme ($BOME) achieved explosive price increases on the same day of their launch and later were listed on the top centralized exchanges.
This year, the number of new meme coins launching daily has led to some standout performers that have outshined other sectors. Coins like Dogwifhat, Brett, and Mog have gained traction and delivered incredible returns, some exceeding 1000%, making them some of the top meme coins in 2024. If you missed these memes, we advise you to look at MALLOW and DOGS.