In accordance with CoinTelegraph, 2024 saw the rise of several absurd memecoins, with a total market cap exceeding $60 billion. Among the most notable were Fartcoin (FART), Woman Yelling At Cat (WYAC), and Peanut the Squirrel (PNUT). Fartcoin, launched in October, peaked at $1.31 billion in December, despite its lack of utility. It gained popularity after a mention by Stephen Colbert. WYAC, launched by Taylor Armstrong in June, peaked at $52 million in October but fell below $4 million by year-end. Armstrong uses the token to raise awareness for domestic violence. PNUT, dedicated to a squirrel euthanized for rabies testing, launched on November 1 and peaked at $2.27 billion on November 14, before dropping below $650 million. These memecoins highlight the intersection of internet culture and financial markets, driven by sheer absurdity.
Memecoins of 2024: Fartcoin, WYAC, and PNUT Reach Billion-Dollar Valuations
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