2024

Memecoin

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Coin

<ul class="wp-block-list news-points"> 
 <li>The past year has been bearish for memecoins.</li> 
 <li>Top 10 memecoins have lost an average of 63.73% in the past year.</li> 
 <li>BONK recovered from a 96.63% pullback to a current 64.63% drawdown.</li> 
</ul> 
The past year has been especially rough for memecoins, with the top 10 tokens in the category down by an average of 63.73% from their peak. Leading cryptoanalysis platform, Lookonchain, broke down how the top memecoins have performed in the past 52 weeks, revealing their highest drawdowns and the extent of their recoveries. 
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 Over the past year, the top 10 <a href="https://twitter.com/hashtag/MEMEcoins?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#MEMEcoins</a> have dropped an average of 63.73% from their peak.<a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$DOGE</a>: -57.93%<a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$SHIB</a>: -70.86%<a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$PEPE</a>: -58.16%<a href="https://twitter.com/search?q=%24WIF&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$WIF</a>: -70.93%<a href="https://twitter.com/search?q=%24BONK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$BONK</a>: -64.63%<a href="https://twitter.com/search?q=%24FLOKI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$FLOKI</a>: -65.97%<a href="https://twitter.com/search?q=%24BRETT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$BRETT</a>: -62.59%<a href="https://twitter.com/search?q=%24POPCAT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$POPCAT</a>: -43.77%<a href="https://twitter.com/search?q=%24BOME&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$BOME</a>: -79.48%<a href="https://twitter.com/search?q=%24MEW&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$MEW</a>: -62.99% <a href="https://t.co/GzRNI4dYaB" target="_blank" rel="nofollow">pic.twitter.com/GzRNI4dYaB</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1830451316042444913?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">September 2, 2024</a>
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Lookonchain’s analysis covered crypto assets like DOGE, SHIB, PEPE, WIF, and BONK, as well as FLOKI, BRETT, POPCAT, BOME, and MEW. The platform highlighted the 52-week high and low of each memecoin, showing how much each token fell during the period. 
<a href="https://coinedition.com/turn-50-into-5000-with-these-5-undervalued-memecoins/">Read also: Turn $50 Into $5000 With These 5 Undervalued Memecoins</a> 
BONK led the pack with the highes…
The post <a href="https://coinedition.com/from-peak-to-pit-52-week-memecoin-drawdowns-analyzed/">From Peak to Pit: 52-Week Memecoin Drawdowns Analyzed</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

From Peak to Pit: 52-Week Memecoin Drawdowns Analyzed

Coin Edition

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