Most Memecoins Die Within a Year After Their Peak

Key Takeaways

• Most memecoins reach their peak within weeks, but suffer losses they never recover from.
• 81% of tokens drop at least 90% from their highs, while only 3.3% return to previous peaks.
• Only 5 tokens retain their day-one price.

Market & Token Impact

• The median token reaches its all-time high just 17.2 days after first trading.
• After reaching the peak, the typical memecoin takes 370 days to fall 95% from its high.
• Memecoins tend to have short-lived rallies, with two-thirds never producing a second failed rally.

Broader Context & What's Next

• The study likely gives a longer lifespan for the average memecoin than the broader market actually experiences.
• The analysis suggests that on-chain activity rarely recovers since their initial peak.
• The top 5 largest memecoins by market cap are Dogecoin, Shiba Inu, MemeCore, Pepe, and Pudgy Penguins.
• The study's findings highlight the volatility and short-lived nature of the memecoin market.