Report: In December 2024, the total market value of Meme coins once exceeded US$120 billion, an increase of 500% from January of that year.

PANews, January 2. According to Cryptonews, DWF Labs said in a report on Thursday that Meme coins will achieve significant growth in 2024, with their market value soaring from US$20 billion in January to over 120 billion in December. US dollars, an increase of 500%. DWF Labs’ report highlights how crypto infrastructure is changing the way digital assets are created and distributed. This efficiency has ushered in a new era of rapid development, lowering the threshold for value creation and making the market more agile and responsive in every field.

However, DWF Labs says the real game-changer is the rise of cross-sector tokens that combine the infectious appeal of memes with real-world utility. AI-themed meme coins embody this trend by combining meme culture with the transformative potential of artificial intelligence. This combination provides a unique value proposition that appeals to both individual investors and large institutions. DWF Labs believes that the Meme coin phenomenon is not just a short-lived trend, but reflects a shift in the way value is created and shared in digital markets. While specific trends may fade, the core ideas of rapid token creation and community-driven value are likely to remain in the crypto space for the long term.

Coingecko data shows that the total market value of Meme coins is currently US$118 billion, with a 24-hour increase of 9.4%.