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An analysis of memecoin performance since their all-time highs (ATH) shows a difference between organic, community-driven tokens and those controlled by corporate interests. Crypto analyst Leonidas recently looked at the top 15 memecoins (excluding AI-driven projects) and found a significant disparity in their value retention.
I just analyzed the performance of the top 15 memecoins (excluding AI agents) since their ATHs and the results are shocking 🧵$DOG was the best performing memecoin and has held up the strongest!$DOG is closely followed by $PEPE and $SPX which are also organic, bottom up… pic.twitter.com/QcZ0EAAGXQ
— Leonidas $DOG 🧡 OKX (@LeonidasNFT) December 19, 2024
Strongest Performers: DOG, PEPE, and SPX
DOG leads in resilience, dropping just 24.84% from its ATH of $0.009999 to $0.007515. This shows the value of a committed and organically grown community.
Similarly, PEPE, which declined by 30.79% from $0.00002803 to $0.0000194, and SPX, which fell 33.89% from $0.989 to $0.6538, also stand out for their robust performances. These tokens share a common trait: grassroots support that has helped sustain growth.
Mid-Performers: MOG, BRETT, and BABYDOGE
Mid-tier performers such as $MOG, $BRETT, and $BABYDOGE have faced declines ranging from 34% to 39%. $MOG dropped 36.44% from $0.000004007 to $0.000002547, while $BRETT fell 36.64% from $0.2342 to $0.1484.
BABYDOGE is down 39.01%, with its price falling from $0.000000006227 to $0.000000003798. These tokens show decent resilience, but their losses highlight the challenges of maintaining value.
Sharper Declines: FLOKI, BONK, and DOGE
Tokens like $FLOKI, $BONK, and $DOGE have seen sharper declines, with $FLOKI falling 44.85% from $0.0003449 to $0.0001902 and $BONK dropping 46.35% from $0.00005825 to $0.00003125.
Even DOGE lost 50.36% from its ATH of $0.7316, now trading at $0.3632. These figures reflect vulnerabilities in sustaining market enthusiasm amid bearish trends.
Worst Performers: SHIB, PNUT, and NOT
The worst declines were seen in SHIB, PNUT, and NOT. SHIB plummeted 71.88%, from $0.00008616 to $0.00002423, while PNUT dropped 63.47%, from $2.2491 to $0.8216.
Read also: Is the Meme Coin Craze Back? Binance Trading Data Suggests Yes
$NOT had the largest loss, falling 72.08% from $0.02448 to $0.006834. These tokens, often criticized for corporate influence, show the risks of pump-and-dump strategies.
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