The average return of the Memecoins track in the past 30 days was 103%, more than 6 times higher than the average return of the overall crypto market

PANews reported on November 16 that according to Cryptoslate, Artemis data showed that the average return rate of Memecoins in the past 30 days was 103%, more than 6 times higher than the average return rate of 16.1% in the crypto market. Among the 19 Memecoins tracked by Artemis, DOGE and PEPE rose the most, increasing by 196.1% and 115% respectively. At the same time, BONK rose by 70.2% and BRETT rose by 63.5%.

Notably, many memecoins associated with the US election plunged in the days following the presidential election, including MAGA (TRUMP), which has fallen 72% in the past 30 days. According to market insight platform Kaito AI, as of November 14, memecoins accounted for nearly 24% of investors' attention. A quarter of cryptocurrency investors posting on X are discussing memecoins.