According to a Coin Metrics study analyzing 150 memecoins listed on centralized exchanges since December 2023, only 5 of them, or 3.3%, ever recovered their all-time high. The median memecoin reaches its peak in just 17.2 days after its first trade on a CEX, with a quarter peaking in under 1.6 days. After this express peak, it takes an average of 370 days to drop 95% from the ATH, defined as the token’s “death.” Additionally, 81% of memecoins have already plunged at least 90% from their record. This environment is pushing speculators away from the sector toward predictive markets like Kalshi and Polymarket, according to James Butterfill of CoinShares.
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