Although BOME and MOG have been 2024’s biggest crypto winners so far, the enthusiasm around meme tokens is clearly waning. Google Trends gave the search term “meme coins” a peak score of 100 during the week of March 10-15, 2024. Today, that score has plummeted to just 22.

The search term “meme coins” via worldwide Google Trends data recorded on Aug. 18, 2024.

This week, the remaining strongholds of interest in meme tokens are Nigeria, Somalia, Kosovo, St. Helena, and Cyprus. Trending queries include “how to buy Solana meme coins,” “best meme coins 2024,” and “Solana wallet.” In addition to the drop in search interest from 100 to 22 since March, the meme token economy has also lost a substantial amount of value since May.

Historical data shows that on May 21, 2024, the meme coin market was valued at $59.62 billion. Fast forward to today, and that figure has dropped to $39.59 billion—a staggering loss of $20.02 billion in just 89 days. For instance, dogecoin (DOGE) was trading at $0.163 per coin in May, but it’s now down to $0.103. Dogwifhat was priced at $2.79 per WIF back then, and today it’s trading at $1.44. Even BOME has seen a sharp decline, from $0.01207 per coin to $0.006918.

While meme coins had a strong start in 2024, the second half of the year has been less kind to these tokens, whether they’re based on humor, celebrities, or presidential candidates. Losing $20 billion in less than 90 days is no small feat, and the future of the meme coin market remains uncertain. As Google Trends indicates, the once intense interest in this sector is now fading, with investors seemingly shifting their focus to other areas of the crypto market.

Bitcoin.com News is seeking a News Writer to produce daily content on cryptocurrency, blockchain, and the digital currency ecosystem. If you are interested in becoming a key member of our innovative global team, apply here.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。