Memecoins Reign Supreme, Low-Caps Running the Show

Memecoins are the biggest star of this bull run, with thousands of tokens created, and billions of dollars flowing into this niche economy.

Thats the takeaway from the Annual Report 2024, published by Tokenomist.ai, an AI-powered platform for comprehensive analysis of token supply data.

Lets see what else Tokenomist said in its report.

Token Unlocks

According to the report, the top five largest token unlocks of last year released more than $5.4 billion into circulation, heavily impacting market dynamics. However, that‘s nothing compared to what’s coming this year. From 2024 to 2025, the analysts are expecting at least $150 billion in combined token unlocks, roughly half of which ($82 billion) were absorbed in 2024 alone.

Low-Cap Coins Gaining Popularity

Some of the most popular coins of last year were those with low circulating supply and a high fully diluted valuation, the researchers further added. This is because they were able to increase their prices quickly, but this also drew in heavy criticism about long-term sustainability.

It‘s not the first time we’re seeing this trend, though. The model was popular during the 2020 bull run, Tokenomist said, adding that this time is somewhat different because of improved launch ratios and investor scrutiny. “By late 2024, the average oat at launch FDV ratio had risen to approximately 35%,” the report concluded.

Related: Crypto Now Makes Up 90% of Trumps Wealth After $TRUMP Token Rally

This Runs Star: The Memecoin

Memecoins delivered a 536% year-to-date (YTD) return in 2024, far outpacing Bitcoin and

Ethereum, the report said. They owe their rising popularity to transparency and equitable distribution, unlike ICO coins of the past, which mostly benefited early-stage investors and insiders.

Related: Memecoins and Institutional Backing Fuel Solanas Growth in 2025

“Incidents such as FLOKIs community takeover have highlighted community driven incentive structures,” the report stated, adding that tools like pump.fun enabled essay token creation, leading to viral tokens and celebrity participation.

The Tokenomist also highlighted obvious risks associated with memecoins, saying that these tokens have a low long-term success rate. Almost all (97%) eventually die, experiencing low trading volumes and liquidity. The community just gives up on them at one point, it was said, stressing that the average lifespan of a memecoin is roughly one year.