Memecoin returns were 6x higher than crypto market average over past 30 days
Memecoins’ have posted average returns of 103% over the past 30 days — over 6x higher than the crypto market’s 16.1% average return, according to data from Artemis.
Dogecoin (DOGE) and Pepe (PEPE) registered the more significant gains among the 19 memecoins tracked by Artemis during the period, growing 196.1% and 115%, respectively. PEPE’s “beta play” PepeCoin also rose significantly, with a 121.1% gain.
Meanwhile, Solana-based Bonk (BONK) climbed 70.2%, while Base’s Brett (BRETT) saw a 63.5% price increase over the period.
Notably, many memecoins connected to the US elections have crashed in the days following the conclusion of the presidential race, including MAGA (TRUMP), which fell 72% over the past 30 days.
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