Meme coins first exploded in popularity back in 2021, fueled by a mix of social media hype, celebrity endorsements, and a desire for quick, outsized gains. Now, with meme coins like Dogecoin and Shiba Inu making headlines, they’ve become a fixture in the unpredictable world of cryptocurrency. In this blog we will take a look at the top 7 Memecoins by Market Cap.
Top Meme Coins By Market Cap (Apr 2024)
| # | Meme Coin | Market Cap | Circulating Supply | Underlying Network | Age (Launch Date) |
| 1 | Dogecoin (DOGE) | 12.5 Billion | 144 Billion | Dogecoin Blockchain | May 2013 |
| 2 | Shiba Inu (SHIB) | 7.5 Billion | 589 Trillion | Ethereum | Aug 2020 |
| 3 | Floki (FLOKI) | 150 Million | 9.7 Trillion | Ethereum / Binance Smart Chain | Jul 2021 |
| 4 | Pepe (PEPE) | Difficult to determine | 420.7 Trillion | Ethereum | May 2023 |
| 5 | BONK (BONK) | 75 Million | 65.19 Trillion | Solana | Dec 2022 |
| 6 | Baby DogeCoin (BABYDOGE) | 250 Million | 420 Quadrillion | Binance Smart Chain | Jun 2021 |
| 7 | Samoyedcoin (SAMO) | 15 Million | 3.66 Billion | Solana | Oct 2021 |
Find the list of Top Meme Coins with live price tracker & Market cap
1. Dogecoin (DOGE): The Meme Coin OG
Dogecoin, featuring the beloved Shiba Inu ‘Doge’ meme, is the granddaddy of meme coins. Launched in 2013 as a lighthearted joke, it has defied expectations. DOGE boasts one of the most passionate communities in all of crypto.
Boosted by celebrity endorsements like Elon Musk, Dogecoin has rocketed to unbelievable heights. While wildly volatile, DOGE holds a special place in crypto history. Plus, recent developments hint at growing acceptance, with some businesses now taking DOGE for payment. Think of Dogecoin as the quirky uncle of crypto – unpredictable, sometimes shocking, but surprisingly resilient.
2. Shiba Inu (SHIB): The Dogecoin Challenger
Inspired by Dogecoin’s success, Shiba Inu entered the ring with a self-proclaimed “Dogecoin killer” attitude. While a far cry from dethroning DOGE, SHIB has built a massive following of loyal “SHIB Army” members. Its explosive price action has drawn both excitement and skepticism.
Beyond the hype, Shiba Inu is branching out, developing its own ShibaSwap decentralized exchange and even exploring a metaverse project. SHIB represents the next generation of meme coins – bolder ambitions, but with that same wild volatility.
3. Floki (FLOKI): Viking-Fueled and Community-Driven
Named after Elon Musk’s Shiba Inu puppy, Floki embodies both meme power and genuine utility aspirations. Floki boasts a vibrant, dedicated community and the Floki Inuversity educational platform.
With cross-chain functionality and plans for an NFT marketplace, Floki aims to set itself apart. This Viking-themed meme coin embraces the playful side of crypto while hinting at greater ambitions. Think of it as the ambitious underdog – striving to become more than just a meme.
4. Pepe (PEPE): The Rare One
Inspired by the classic “Pepe the Frog” meme, Pepe adds a touch of crypto history to the mix. It’s famous for its use of NFTs (non-fungible tokens) early in the meme coin craze. A bit more niche than other top meme coins, Pepe appeals to true meme enthusiasts. Think of Pepe as the vintage collector’s item of meme coins – steeped in internet culture and unique in its approach.
5. BONK (BONK): The Solana Newcomer
With a Solana launch in late 2022, BONK is the fresh face of meme coins. It aims to bring meme-inspired fun to Solana’s ecosystem. BONK’s explosive start and lighthearted dog-themed approach have captured attention. While very new and unpredictable, BONK embodies the meme coin spirit – fast-moving, community-driven, and a little bit absurd.
6. Baby DogeCoin (BABYDOGE): Riding the Meme Wave
With a name inspired by its “father,” Dogecoin, Baby Doge aims to capitalize on DOGE’s popularity. It markets itself with hyper-cute imagery and boasts incredibly high supply figures. Baby Doge plays with the established meme coin formula, pushing the limits of what a “meme” cryptocurrency looks like.
ALSO READ: Dogecoin Price Prediction & Forecast For 2024 To 2030
7. Samoyedcoin (SAMO): Solana’s Fluffy Ambassador
Samoyedcoin, based on the Solana blockchain, brings a touch of cuteness to the meme coin world. Its mascot is the Samoyed dog, known for its fluffy white coat and charming smile. SAMO prides itself on community building and friendly vibes. With a focus on growth within the Solana ecosystem, Samoyedcoin represents a lighthearted way for people to participate in a different blockchain network.
ALSO READ: Top Dog-themed Coins To Invest In 2024 | Mudrex Learn
The Truth About Meme Coins
Meme coins are highly speculative and volatile, with their value often driven by social media trends and hype rather than fundamental factors. They are often created as a joke or as a parody of existing cryptocurrencies, and their long-term sustainability is uncertain.
However, meme coins can offer a fun entry point into the world of cryptocurrency, potentially sparking broader interest in blockchain technology.
Some meme coins have harnessed their popularity to support charitable causes or raise awareness for important issues. For instance, the Dogecoin community has raised funds for various charitable causes, such as building clean water wells in Kenya and supporting the Jamaican bobsled team’s participation in the Olympic Games. EverGrow, on the other hand, has contributed to charitable initiatives like planting trees and supporting children’s hospitals, demonstrating the potential for meme coins to make a positive impact on society.
Conclusion
While the world of meme coins is undeniably unpredictable, the excitement surrounding them isn’t likely to fade anytime soon. They’ve become a part of crypto culture, with the potential to spark serious gains and sometimes losses. Whether you’re drawn to Dogecoin’s history, Shiba Inu’s ambitious projects, or the quirky newcomers, responsible investing is key.
If the wild potential of meme coins has captured your attention, give Mudrex a try. Mudrex offers expert-crafted investment baskets, including crypto sets with exposure to popular meme coins.
The next breakout meme coin success story might just be waiting within your Mudrex portfolio. Get started today!
FAQs
1. Which is the biggest meme coin by market cap?
A: Dogecoin (DOGE) consistently holds the largest market cap among meme coins, with a market cap of over $23 billion as of April 2024. However, market caps fluctuate rapidly, so always check current data on reliable sites like Mudrex.
2. What is the most successful meme coin?
Success in meme coins is volatile. Some metrics include market cap, price surges, and community size. Dogecoin and Shiba Inu (SHIB) have seen significant success at different points, with market caps of over $23 billion and $13.9 billion, respectively, as of April 2024.
3. Who is the king of meme coins?
A: Dogecoin is often dubbed the “king of meme coins” due to its origin as the first popular meme coin and its continued dominance in the space, with a market cap of over $23 billion as of April 2024.
4. Which meme coin is best for long-term investment?
Unfortunately, no meme coin is considered a reliable long-term investment. Their extreme volatility and reliance on speculation make them very high-risk assets. Always consult financial advisors before investing in any cryptocurrency, and be aware that investing in meme coins is highly speculative and involves significant risk.
Krishnan is a Bangalore-based crypto writer dedicated to simplifying complex crypto concepts. He covers blockchain, DeFi, and NFTs, with a focus on real-world asset tokenization and digital trust. Previously he has written on Real Estate related assets for NoBroker. Krishnan holds a B.Tech degree from the College of Engineering Trivandrum.
