# The Year in Memecoins

*Author: Bankless*
*Published: Dec 23, 2024*
*Source: https://www.bankless.com/fr/read/the-year-in-memecoins-2*

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The Year in Memecoins
    
  

  
  Published on Dec 23, 2024

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.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
Trump Picks Crypto Chief
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/12/Group-14---2024-12-23T114706.766.png)](https://www.bankless.com/dashboard)- 🇺🇸** Trump Picks 'Crypto Council' Leader.** Trump [has selected](https://truthsocial.com/@realDonaldTrump/posts/113698639577293090) Bo Hines, who unsuccessfully ran for Congress in 2022, to lead a council promoting crypto innovation.
- **😬 CoinDesk Owner Fires Top Editors.** CoinDesk's corporate owners abruptly [fired its top three editors](https://fortune.com/crypto/2024/12/20/coindesk-ownership-bullish-layoff-editors-kevin-reynolds-justin-sun/?utm_source=twitter.com&utm_medium=social&utm_campaign=fortunemagazine&xid=soc_socialflow_twitter_FORTUNE), including its editor-in-chief, after the owners unceremoniously pulled a negative article about Tron founder Justin Sun.
- **🔴** **MicroStrategy Buys 5K More Bitcoin.** Despite a sudden dip in crypto prices, MicroStrategy continued its drive to buy more and more BTC, announcing a new purchase just [as it entered the Nasdaq 100](https://www.theblock.co/post/332182/microstrategy-buys-another-5000-bitcoin-for-561-million-bringing-total-holdings-to-444262-btc).

.  .  .

 
  
    

    MARKET VIBES

  
  
Aptos Crash
  
   
     
   
     
    
 

**📸 Daily Market Snapshot: **Altcoins bled out last week, with Stacks (STX) and Aptos (APT) leading the way – both losing one-third of their value in the past 7 days. The fall in the Aptos native token appears to be especially concerning as it follows the unexpected resignation of the project's leader, whose departure came just as the token was seeing one of its biggest pumps ever.

Prices as of 1pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $3.27T
       

  
    
    ↘ 2.6%
    
  

   
    
    ↘ 12.9%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $93,264
       

  
    
    ↘ 2.5%
    
  

   
    
    ↘ 12.8%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $3,347
       

  
    
    ↗ 0.7%
    
  

   
    
    ↘ 16.3%  

 

.  .  .

 
  
    

ANALYSIS

  
  

   The Year in Memecoins
  
  
   
     
     Bankless Author: 
     
       [
       
        David C.](https://www.bankless.com/author/david)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/12/image---2024-12-23T112905.217.png)](https://www.bankless.com/read/the-year-in-memecoins)Perhaps unsurprisingly, when we look back at the year, one token category outperformed all others — **memecoins**. 

Fueled initially by growing critique and disillusionment with token launches that entered the market at high fully diluted valuations, memecoins shone brightly in 2024. Drawn by their simpler narratives, (often) reduced insider allocations, and low-cost trading fees, many traders gravitated toward memecoins, making them a core pillar of crypto's 2024 growth.

Let's examine how memecoins gained this momentum, explore the role of Solana and Pump.fun in accelerating their growth, discuss their evolution and implications on token value, and analyze their influence on AI agents in this evolving landscape 👇

[Read on Bankless.com](https://www.bankless.com/read/the-year-in-memecoins)
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