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VanEck’s MarketVector introduced the Meme Coin Index, a benchmark tracking market capitalization’s six largest meme coins. 
The index, which caps individual coin weightings at 30% to maintain diversification, is reviewed monthly to stay current. This cap ensures that no single coin disproportionately influences the index. The <a href="https://www.marketvector.com/indexes/digital-assets/marketvector-meme-coin" data-type="link" data-id="https://www.marketvector.com/indexes/digital-assets/marketvector-meme-coin" target="_blank" rel="">MEMECOIN index</a> is a tool for institutional and retail investors, offering insights into a volatile and emerging market. 
For institutional investors, the tool provides a structured entry point into the unpredictable <a href="https://crypto.news/tag/meme-coin/" data-type="link" data-id="https://crypto.news/tag/meme-coin/" rel="">meme coin</a> market. The index offers a consolidated view of its most influential assets and reduces the need for direct exposure to individual coins. On the other hand, retail investors can use the index to understand their favorite coins’ relative performance and market share. 
“If memes are the new alpha, this new index from MarketVector may capture the zeitgeist of the crypto space in a way no other benchmark can,” <a href="https://twitter.com/matthew_sigel" data-type="link" data-id="https://twitter.com/matthew_sigel" target="_blank" rel="">Matthew Sigel</a>, VanEck’s Head of Digital Assets Research, told crypto.news. “We look forward to seeing what others will build on top of it.” 
 You might also like: <a href="https://crypto.news/fantasy-top-and-pump-fun-among-top-10-crypto-protocols-for-fees/" rel=""> Fantasy.top and Pump.fun among top 10 crypto protocols for fees </a> 
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Dogecoin (<a href="https://crypto.news/price/dogecoin/" data-type="link" data-id="https://crypto.news/price/dogecoin/" rel="">DOGE</a>) currently leads the index at 30.77%, highlighting its established presence, followed closely by Shiba Inu (<a href="https://crypto.news/price/shiba-inu/" data-type="link" data-id="https://crypto.news/price/shiba-inu/" rel="">SHIB</a>) at 28.34%. Newcomers Pepe (<a href="https://crypto.news/price/pepe/" data-type="link" data-id="https://crypto.news/price/pepe/" rel="">PEPE</a>) at 14.51%, Dogwifhat (<a href="https://crypto.news/price/dogwifhat/" data-type="link" data-id="https://crypto.news/price/dogwifhat/" rel="">WIF</a>) at 12.54%, Floki Inu (<a href="https://crypto.news/price/floki/" data-type="link" data-id="https://crypto.news/price/floki/" rel="">FLOKI</a>) at 7.14%, and <a href="https://crypto.news/price/bonk/" data-type="link" data-id="https://crypto.news/price/bonk/" rel="">BONK</a> at 6.7% round out the remaining weightings. 
Despite a small, recent dip, the meme coin index has surged over 202% in the past year, providing a window into the explosive growth and speculative interest in this unique segment of the <a href="https://crypto.news/market-cap/" data-type="link" data-id="https://crypto.news/market-cap/" rel="">crypto market</a>. 
 Read more: <a href="https://crypto.news/opensea-trading-volumes-nosedive-as-eth-activity-falls-to-2021-levels/" rel=""> OpenSea trading volumes nosedive as ETH activity falls to 2021 levels </a>

VanEck’s MarketVector launches Meme Coin Index

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