Satoshipierogi
@satoshipierogi.eth
97% of Meme Coin Traders Lost Money in 2024: What Went Wrong? 2024 was a reality check for meme coin traders—dreams of overnight riches met harsh truths. According to MV Global's Year-End Report. Their analysis of the memecoin (super)cycle, based on over 4.2 million wallets tracked by pump.fun reveals: - 97% of traders made less than $1,000. - Only 0.3% earned over $10,000. - A tiny 0.03% crossed the $100,000 mark. - And just 0.003% reached profits exceeding $1M. So, what went wrong? MV Global highlights that rare success stories can mislead investors, suggesting high profits are common. However, most meme coin traders barely break even—or worse, lose money. Pump dot fun by the Numbers: A harsh reality check for meme coin traders in 2024. [See Image Attached] The chart shows that while Pump dot fun generates high revenue, most traders are unprofitable.
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Satoshipierogi
@satoshipierogi.eth
Looking Ahead: Meme Coins in 2025 While these numbers paint a challenging picture, they also underscore the potential for transformation in 2025. MV Global predicts meme coins will shift from mere "gambling tokens" to a bona fide investment class this year. $DOGE, $SHIB, $PEPE, and $WIF are at the forefront as emerging blue-chip memes, with more coins expected to join this high-potential category. MV Global credits the “reverse launch strategy”, where aggressive marketing builds community and attention first, followed by adding real utility. This approach could spark a snowball effect, potentially pushing the meme coin market from its current $130bn market cap to about $250bn by 2025.
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