The market size of Meme Tokens has reached 500 billion USD, with DOGE and frogs dominating the track.

Recent data shows that the total market capitalization of the Meme Token sector has exceeded 50 billion USD, equivalent to over 300 billion RMB. The daily trading volume of this sector is about 4 billion USD, with liquidity reaching 8%.

This market capitalization has surpassed the liquidity staking sector at 470 billion USD, far exceeding the NFT market at less than 30 billion USD and the highly watched Layer2/Depin track at approximately over 20 billion USD.

Meme Token Becomes Investment Hotspot

In May of this year, a certain trading platform released a report stating that the Meme sector has seen an increase of 331% this year, far surpassing other cryptocurrency sectors. Compared to traditional projects, Meme Tokens usually achieve full circulation at the time of listing, avoiding the selling pressure that comes from subsequent unlocks.

In recent years, Meme tokens have become an important channel for retail investors to make a comeback. For ordinary investors, if they cannot obtain low-priced shares of quality projects, researching Meme tokens may be a better option.

DOGE Coin Series Dominates the Market

In the top 10 list of Meme Token market capitalization, there is a pattern of "six dogs, three frogs, and one cat." The first place DOGE has a market capitalization of over 17 billion dollars, accounting for 35% of the entire sector's market cap. The second place Shiba Inu (SHIB) was born in 2020, and its current market cap is approximately 10 billion dollars.

Other well-known DOGE series tokens include:

• FLOKI: Market Cap 1.7 Billion USD
• Bonk: Market cap of 1.6 billion USD, is a representative of the Solana ecosystem.
• WIF: Market capitalization exceeds 2 billion USD, also originating from the Solana ecosystem.
• DOG•GO•TO•THE•MOON: With a market cap of over 500 million dollars, it is a representative work of the recent Rune ecosystem.

Cat-themed Token Performance is Mediocre

In comparison, the performance of cat-themed Meme Tokens has been relatively lukewarm. Currently, the best performer is POPCAT, but its market capitalization ranks only tenth. Another project called "cat in a dogs world" has an interesting concept, but its price performance has been poor.

Frog Series Tokens Quietly Rise

In the frog-themed Meme Token space, Pepe is undoubtedly the leader. Although it has only been on the market for just over a year, its market value has already ranked among the top. Pepe's cultural influence has even extended into the political arena.

Other frog-themed tokens worth noting include:

• Brett: Originating from Pepe, currently valued at 1.5 billion USD.
• Bome: Ranked eighth by market capitalization, known for its innovative social media marketing approach.

Matt Furie: The Soul of Frog-based Memes

The cartoonist Matt Furie is a key figure in the frog-themed Meme Token. The characters he created include not only Pepe and Brett, but also Hoppy, Andyd, and Landwolf, among others, and the market value of the tokens derived from these characters is quite considerable.

Furie's latest work Dark Lord has been released in the form of an NFT, showcasing his embrace of the cryptocurrency space. Due to legal restrictions, Furie himself is unable to directly issue Tokens, which creates opportunities for other developers.

With the continued rise of the Meme Token market, especially the fierce competition among DOGE and frog-themed tokens, more innovative projects may emerge in the future. Investors should closely monitor this rapidly developing field while carefully assessing the associated risks.