NFT sales have plummeted by 44% in Q2 2024, dropping from $4.14 billion in Q1 to $2.32 billion. This decline is attributed to a downturn in the crypto market and a surge in the popularity of memecoins, particularly those with celebrity, political, and animal themes. Data from CryptoSlam highlights this significant drop. Concurrently, Solana-based memecoins have seen substantial gains, with $BONK becoming the biggest 24-hour gainer among the top 100 tokens by market cap and $BILLY breaking the $100 million market cap, reaching a new all-time high. The CoinMarketCap H1 2024 report also indicates that Solana-based meme coins have outperformed Ethereum-based ones by almost 800% year-to-date.
🚨JUST IN: @CoinMarketCap H1 2024 report reveals that, On average, @solana based meme coins outperformed Ethereum-based by almost 800% YTD. https://t.co/klnkgYrbZH
🚨JUST IN: @CoinMarketCap H1 2024 report reveals that, On average, Solana-based meme coins outperformed Ethereum-based by almost 8X YTD https://t.co/QcgiQRy89S
🚨JUST IN: @CoinMarketCap released the H1 2024 report for the most popular categories. Meme Coins remained the most popular category, representing 22% share, followed by the Solana ecosystem at 9.64% https://t.co/iNeIPw5bJN
Solana-based meme coin Bonk (BONK) has recently surged 10%, outperforming other popular meme coins within the top 100 cryptocurrencies https://t.co/UuZYZ6bhVv
🚨 NEW: Solana memecoin $BILLY (@billycoinsolana) breaks $100 million market cap, a new ATH. https://t.co/y9Yb9JFfQj
🚨 FOMO IN: Solana Memecoin $BONK (@bonk_inu) leads the ranking of the biggest 24-hour gain by market capitalization. https://t.co/t3L6nn2YrB
NEW: SOLANA MEMECOIN $BONK (@bonk_inu) BECOMES THE BIGGEST 24H GAINER AMONGST THE TOP 100 TOKENS BY MARKET CAP https://t.co/hBZd4pJwoJ
#NFT Sales Take a Hit — Last Month’s Sales Dropped 46% Compared to May https://t.co/3ykbg979mx
🔎 According to CMC: H1 2024 Crypto Market Report Our latest "According to CMC" report reveals a crypto market in transition. While institutional adoption accelerates, retail investors chase meme coin momentum. 🔗https://t.co/vxCeVwwoa2 Discover key insights from H1 2024 from… https://t.co/mAEfZZxwHy
🚨 FOMO IN: @Solana NFT projects lead the ranking of highest sales volume in 24 hours across all chains. https://t.co/jMFAMFpzQe
June's crypto market fluctuations hit Bitcoin hard, but over 50% of memecoin investors saw profits. Discover the latest trends and investor strategies from @CryptoAmb's survey... ↓ https://t.co/Cb5ATVlZQT
#NFT sales fell 44% as crypto dipped, #memecoins steal ‘mind share’ in Q2 🔸A recent flood of celebrity, political, and animal-themed memecoins, along with a crypto market downturn, may have contributed to a 44% fall in the sale of NFTs in Q2. 🔹According to data from… https://t.co/x1Q6YB0VsE
#NFT sales fell 44% as crypto dipped, #memecoins steal ‘mind share’ in Q2 🔸A recent flood of celebrity, political, and animal-themed memecoins, along with a crypto market downturn, may have contributed to a 44% fall in the sale of NFTs in Q2. 🔹Data from @cryptoslamio NFT… https://t.co/Lnc5NuYVlV
#NFT sales fell 44% as crypto dipped, #memecoins steal ‘mind share’ in Q2 🔸A recent flood of celebrity, political, and animal-themed memecoins, along with a crypto market downturn, may have contributed to a 44% fall in the sale of NFTs in Q2. 🔹Data from @CryptoSlam NFT sales… https://t.co/GKaz4cCYt4
UPDATE: NFT SALES PLUNGE 44% IN Q2 AMID CRYPTO MARKET DOWNTURN, DROPPING FROM $4.14B IN Q1 TO $2.32B