A recent report from Coin98Analytics has revealed the number of token holders for several well-known memecoins over the past seven days.
Ethereum and Base memecoins have captivated a significant number of holders, while Solana has shown a wider variety of memecoin types.
The amount of token holders of several well-known memecoins (tracked in the last 7D)
Ethereum and Base memecoins have shown to captivate many holders. Meanwhile, Solana outnumbered in terms of memecoin diversity pic.twitter.com/cOKdMd8dhw
— Coin98 Analytics (@Coin98Analytics) August 1, 2024
Here’s a breakdown of the top memecoins by the number of holders:
1. $SHIB (Ethereum): 1.5 million holders
2. $DOG (Base): 1.1 million holders
3. $MEME (Ethereum): 840,000 holders
4. $DOGE (BSC): 825,000 holders
5. $DEGEN (Base): 778,000 holders
In addition to these figures, the ratio of buyers to sellers for some memecoins over the last seven days has been notable. FLOKI (Ethereum) and DOG (Base) are currently witnessing a higher number of sellers compared to buyers, indicating potential market shifts.
Additionally, check out the Ratio of the Number of Buyers/Sellers last 7D of some memecoins
According to the ratio from FLOKI (Ethereum) and DOG (Base), they are witnessing higher amount of token sellers compared to buyers pic.twitter.com/utYSflk54g
— Coin98 Analytics (@Coin98Analytics) August 1, 2024
Ethereum and Base memecoins have proven particularly attractive to holders, demonstrating robust engagement in these networks. On the other hand, Solana stands out for its memecoin diversity, highlighting its unique position in the market.
These trends reflect the dynamic nature of the memecoin ecosystem, where holder engagement and market activity can vary significantly across different platforms. The increasing number of sellers for FLOKI and DOG suggests a potential consolidation phase or profit-taking behavior among investors.
Overall, the memecoin landscape continues to evolve, with Ethereum and Base networks leading in terms of holder numbers, and Solana showcasing a broad spectrum of memecoin offerings. As market dynamics shift, these insights provide a valuable snapshot of current trends and potential future movements in the memecoin sector.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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