Krutika Adani
Memecoins were one of the top-performing cryptocurrency sectors in 2024, with over 1000% gains in the first half of the year.
Whales have played a significant role in pumping top memecoins like Dogecoin, Shiba Inu, and WIF.
Between February and March this year, institutions saw their memecoin holdings rise from $62.5 million to $204 million.
Rising adoption in Shiba Inu and higher user activity in DOGS are a few examples of rising on-chain activity among memecoins.
The top memecoins with multi-bagger potential are Shiba Inu, Pepe, dogwifhat, DOGS, and Floki Inu.