Memes and madness in 2024

Memes and madness in 2024

Let’s take a moment to reflect on the biggest highs and lows of memecoins this year.

Some coins produced huge profits, filling stockings with profits, while others crashed and burned, earning lumps of coal. Let’s take a look at some of the biggest winners and losers in this space, without including any sugar coating.

Political tokens: bad or naughty?

Jeo Bodenwhich parodies US President Joe Biden, rose 1,548%, from $0.06307 to $1.04, before plummeting 99.74% to $0.00274. Meanwhile, the inspired Donald Trump MAGA it soared 4,170%, from $0.41 to $17.51, but fell 91.7% to $1.45, following a similar fate.

The Parent Trap

Iggy Azalea MOTHER shined with a 4.798% rise from $0.004709 to $0.2306, but fell 79% to $0.04837. Unwavering, Azalea has doubled down on the future of her token with Motherland, an online casino project that could breathe new life into the MOTHER token in 2025.

Not to be outdone, Andrew Tate introduced pseudo-affiliate DADDY, a memecoin designed to counter the success of MOTHER and “turn the patriarchy on its head.” DADDY rose 487% from $0.04917 to $0.2886 before succumbing to a 76% loss to now sit at $0.0684.

a lot of hot air

Fartcoin burst onto the scene in late 2024, rising 3,052% from $0.04067671 to $1.28 and holding steady at $1.25.

Similarly, GOAT (Goatseus Maximus) combined edgy humor with viral AI marketing, rising 3,002% from $0.04354 to $1.35 before settling at $0.508.

It’s snowing dogs and cats

Popcat soared 14,400%, from $0.01413 to $2.05, before settling at $0.7912. Cat in a Dog’s World (MEW) rose 1,312% from $0.0009121 to $0.01288, but fell 51% to $0.006353. MEW’s attempt to challenge the dominance of dog-themed tokens injected some friendly rivalry into the memecoin ecosystem.

Bonk, Solana’s first dog-themed coin, rose just under 210%, from $0.0000188 to $0.00005825. In comparison, Dogwifhat (WIF) outperformed, rising 2,292% from $0.201808 to $4.83 before closing 56% lower at $2.12.

Viral successes and legal errors

ChillGuy, based on the “Just a Chill Guy” meme, soared 10.789% from $0.00604 to $0.6575, but fell 71% to $0.1898. Artist Phillip Banks condemned the token and took legal action over its use.

PNUT, released after the viral euthanasia of Peanut the Squirrel, rose 7.554% from $0.03187 to $2.44, but fell 71% to $0.6981. The token’s trajectory was mired in controversy, as Peanut’s owner condemned its creation and tried to shut it down.

Moodeng, inspired by a viral baby Thai hippo, rose 4,300% from $0.01545 to $0.6804, but has since fallen 62% to $0.2576.

For every coin that skyrocketed, there were 10 that crashed, proving time and time again that memecoins give and memecoins take.

So whether you’re toasting the winners or lamenting the lumps of coal in your wallet, remember that chaos is the only constant in cryptocurrencies, and it doesn’t matter in the slightest whether you’ve been naughty or kind.

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