As crypto king Bitcoin hit a new all-time high (ATH) of $76,956 on Friday following Donald Trump’s victory in the US presidential election, investors are quickly flocking to digital assets. This unexpected rally reflects growing confidence in crypto, as retail investors eagerly seek out the next big tokens, including those in the memecoin space.
A recent report from CoinGecko found that memecoins captured over 17% of web traffic in Q3 2024. Additionally, Solana-based memecoins and AI-linked tokens each accounted for approximately 9.81% of traffic, which indicates a strong interest in these segments.
The memecoin space, historically known for generating significant gains, continues to capture investors’ attention. Another report highlights the Tron network’s impressive $151.2 million in third-quarter revenue, largely driven by memecoin launches on its SunPump launchpad.
Other platforms like Pump.fun, Fomo.fund, Grafun and others are also seeing growing interest from creators, gamers, retail investors, airdrop hunters and crypto enthusiasts. This increase is fueled by streamlined token launch processes and the ability to introduce 100X meme tokens.
Binance Research Reveals 97% of Memecoins Are Dead
Given the volatile nature of the crypto market, it is crucial to distinguish between hype and potential in the memecoin space. With new meme tokens appearing daily, many are there in one moment and gone the next. A Binance report The November 4 Cryptocurrency Exchange delves deeper into the memecoin landscape, noting that memecoins are highly speculative and heavily dependent on market sentiment.
Data shows that around 97% of these digital tokens have already become inactive, and only 3% manage to survive. Additionally, 75% of meme tokens with non-zero trading volumes were launched between 2023 and 2024. The Binance memecoin report highlights the following information:
- Around 97% of these digital tokens have already become inactive, and only 3% manage to survive.
- 75% of meme tokens with non-zero trading volumes were launched between 2023 and 2024.
- Memecoins have been the best performing sector year to date, returning a staggering 279%, attracting considerable interest.
- The Ethereum Layer-2 (Base) chain and Coinbase’s Solana (SOL) are the main blockchains behind the memecoin surge.
- Meme Coins offer valuable lessons in community building and equitable token launches, highlighting blockchain’s ability to unite global communities.
Fomo.fund AI Agent Platform on Solana
That said, platforms like Fomo.fund conduct thorough due diligence before initiating projects. Fomo.fund not only helps token creators by providing a streamlined launch process, but also prioritizes transparency and community support.
The platform emphasizes a fair launch system and uses a bonding curve model, allowing token prices to dynamically adjust based on supply and demand, ensuring constant liquidity. Additionally, Fomo.fund integrates gamification into token acquisition, encouraging community engagement through simple and fun games where users can earn tokens.
The recent launch of Fomo.fund’s AI agent platform on Solana marks an exciting expansion beyond memecoins. The world’s first launchpad for AI agents allows these digital characters to learn, interact, complete tasks, create content and promote their own tokens on social media platforms like , Telegram, TikTok and YouTube.
With the launch of its first Initial Agent Offering (IAO), Fomo.fund has committed 15% of its $FOMO token supply to early community members through a presale. With an active user base of over 12 million on Telegram, the pre-sale is expected to sell out quickly amid strong community interest. These AI agents are not simple robots but, as the platform claims, completely autonomous digital personalities. As enthusiasm grows for the pre-sale, a token listing on stock exchanges is also planned.
As Fomo.fund redefines the digital asset landscape by combining memecoins with revolutionary AI-powered agents powered by Solana, it is worth noting that Solana’s memecoin market surged 30% in the last 24 hours , reaching $12 billion. Although the AI agent is still a relatively new concept, the total market capitalization of the AI agent industry has already reached $5 billion.
In conclusion, amid a changing political backdrop, the crypto market continues to grow as investors turn to trending assets, especially in the memecoin space. With high-profile figures embracing the mix of AI and memecoins, it is essential to recognize that while the potential is high, the crypto space remains volatile.