Key Takeaways:
Meme coins grew by 2,200% in 2024.
Meme coins dominate crypto narratives, with average trading volumes of $792 million per asset, far surpassing other sectors like Layer 1.
The price of Fartcoin rose nearly 12,000%, attracting smart money attention.
Meme coins dominated 2024, but while some thrived, many faded fast. So, which meme coins managed to survive the recent correction?
CoinGecko reports that meme coins ranked as the second most profitable crypto category in 2024, with market growth of approximately 2,200%. The AI sector outperformed them, posting a 2,940% increase.
Source: CoinGecko
Unlike AI agents, which gained popularity recently and delivered such results for the first time, meme coins have long been a favorite in the crypto market.
The appeal is clear – meme coins can experience rapid price surges, offering traders the potential for 100x returns if they invest early.
However, these coins often have a short lifespan, sometimes lasting only a few months or less.
Fartcoin Surges Nearly 12,000% in Just a Few Months
While many meme coins have struggled to retain their all-time highs (ATH), Fartcoin (FARTCOIN) has defied the trend, achieving significant growth. From its low of $0.02003 on Oct. 30, 2024, to its ATH of $2.40 on Jan. 19, 2025, the price increased by approximately 11,882%.
FARTCOIN reached its ATH during Donald Trump’s inauguration as U.S. President. At the same time, other meme coins, including Official Trump (TRUMP) and Melania Meme (MELANIA), also stirred the crypto market with notable gains.
Source: TradingView
The sharp rise in FARTCOIN’s price has attracted attention from major investors. According to Stalkchain, on Jan. 19, FARTCOIN became the most purchased token among large players, with $5.62 million in trading volume in a single day.
Altcoin Sherpa suggests that FARTCOIN might retrace to the $1.30 level before continuing its upward trajectory.
Will Pepe Rise Above Its All-Time High?
Pepe (PEPE) is among the top meme coins by market capitalization, ranking 4th with a valuation of $6.5 billion. Powered by Ethereum (ETH), it is one of the leading meme coins on this blockchain, second only to Shiba Inu (SHIB).
Source: CoinGecko
Pepe weathered the recent market correction relatively well compared to other meme coins. On Dec. 9, 2024, its price reached an all-time high of $0.00002803.
As of Jan. 22, PEPE has dropped approximately 44% from this peak and is currently valued at around $0.000016.
Source: TradingView
According to crypto trader Reetika, PEPE needs to maintain the $0.0000149 support level to continue rising. If this level breaks, the price could drop further.
Trader Michael suggests that PEPE remains in a downtrend. He believes the coin needs to decline further before a recovery to the $0.00002 level is possible.
Bonk Remains Stable While Other Solana Meme Coins Struggle
Bonk (BONK), one of the top 10 meme coins by market capitalization, has shown relative stability despite challenges in the broader Solana (SOL) meme coin market. Launched in December 2022 on the Solana blockchain, BONK can be considered an established player in the space.
Many Solana-based meme coins have faced significant corrections since December. For example, Popcat (POPCAT), once a leading Solana meme coin, has dropped nearly 80% from its all-time high.
On Nov. 17, 2024, POPCAT reached $2.05 but has not surpassed this level since.
BONK has also experienced a correction, with its price falling 50% from its previous ATH. On Nov. 20, it peaked at $0.00005825; as of Jan. 22, it traded around $0.000032.
Unlike POPCAT, which has lost roughly 50% in the past 30 days, BONK’s price has remained relatively stable during January.
Source: CoinMarketCap
According to crypto trader Doc, traders may accumulate BONK soon. If it can recover to $0.000035, Doc suggests the price could climb further.
What Are the Prospects for Meme Coins in 2025?
Meme coins emerged as one of the fastest-growing sectors in the crypto market last year. Despite offering no inherent utility, they outperformed other segments.
Projects like Moo Deng (80% drop from ATH), Peanut the Squirrel (85% drop from ATH), and Just a Chill Guy (89% drop from ATH) experienced significant growth before sharp corrections.
While these projects could be considered defunct, they delivered notable returns during their peak popularity. However, the meme coin market evolves rapidly and is unlikely to suit long-term investors.
Despite volatility, meme coins remain the leading crypto narrative by trading volume.
Source: Dune
According to Dune, the average trading volume per meme coin is $792 million. In comparison, the second-largest narrative, Layer 1 (L1), has an average volume of $129 million per asset.
The post Fartcoin Rose 12,000% During the Correction: Which Meme Coins Could Thrive Too? appeared first on Cryptonews.
