The meme Token market size reaches 50 billion dollars, DOGE and frogs become the main characters.

Latest data shows that the total market capitalization of the Meme Token sector has reached an astonishing 50 billion USD, equivalent to over 300 billion RMB. The daily trading volume in this sector is about 4 billion USD, with a liquidity ratio as high as 8%. This scale has already surpassed the total market capitalization of the liquid staking sector in the cryptocurrency industry, which is (470 billion USD ), and far exceeds the NFT market, which is ( less than 30 billion USD ), and popular tracks like Layer2/Depin, which is about over 20 billion USD (.

![In the meme market of over 300 billion, besides DOGE, is it just frogs?])https://img-cdn.gateio.im/webp-social/moments-83b6a88305cf9175fe1bcb0e0e62c082.webp(

Meme Tokens Become Investment Hotspots

In May of this year, a report released by a trading platform pointed out that the Meme Token sector has seen an increase of 331% this year, far exceeding other cryptocurrency sectors. Compared to traditional projects, Meme Tokens typically achieve full circulation upon listing, without subsequent unlocking pressure, a characteristic that has attracted a large number of investors.

In recent years, Meme Tokens have become a new way for many ordinary investors to realize their dreams of getting rich. For those ordinary users who find it difficult to obtain quality project shares at low prices, the Meme Token market may be an investment direction worth paying attention to.

![In the meme market of over 300 billion, besides DOGE, is it just frogs?])https://img-cdn.gateio.im/webp-social/moments-fcff8f169b690159014f96967fc37e9b.webp(

DOGE series dominates

In the current Meme Token market, dog-themed Tokens still dominate. Among the top ten Tokens by market capitalization, six are from the DOGE series, three are from the frog series, and one is from the cat series.

The market capitalization of the top-ranked DOGE has reached over 17 billion USD, accounting for 35% of the entire Meme Token market. The second place is taken by Shiba Inu, which was launched in 2020 and currently has a market cap of about 10 billion USD. In addition, there are several dog-themed Tokens such as FLOKI, Bonk, and WIF that have performed well.

![In the meme market of over 300 billion, besides DOGE, is it just frogs?])https://img-cdn.gateio.im/webp-social/moments-4959840bd0975d28b3f0c340b98bcca7.webp(

In contrast, the cat-themed Meme Token has performed relatively flat. Currently, the best performer is POPCAT, but its market capitalization is still relatively small.

![In the meme market of over 300 billion, besides DOGE, is it just frogs?])https://img-cdn.gateio.im/webp-social/moments-ce3378646c16240f4230ce3b77cceb4c.webp(

The Rise of the Frog Series

Beyond the DOGE series, frog-themed Meme Tokens are on the rise. The most noteworthy among them is Pepe, a Token that has entered the top ranks of Meme Token market capitalization just over a year since its inception. Pepe's success has led to the emergence of a series of frog-themed Tokens, such as Brett and Bome.

![In the meme market of over 300 billion, besides DOGE, is it just frogs?])https://img-cdn.gateio.im/webp-social/moments-c8becfd8216313f45dd65c38182090ce.webp(

Most of these frog series Tokens are derived from the works of cartoonist Matt Furie. In addition to Pepe and Brett, Matt Furie also created characters such as Hoppy, Andyd, and Landwolf, which have also been developed into Meme Tokens and have achieved good market performance.

![In a Meme market worth over 300 billion, besides DOGE, is there only a frog?])https://img-cdn.gateio.im/webp-social/moments-866429c27c3ec1c56d0ed0f992c96ee1.webp(

Future Outlook

As the Meme Token market continues to expand, new themes and ideas may continuously emerge. Currently, DOGE and frog-themed tokens still dominate, but the market landscape could change at any time. For investors, closely monitoring market trends and understanding emerging trends may bring new investment opportunities.

However, it is important to note that the Meme Token market is highly volatile and carries significant investment risks. Investors should exercise caution when participating, fully understand the associated risks, and make reasonable investment decisions based on their own risk tolerance.

![In the Meme market of over 300 billion, besides DOGE, is there only frogs?])https://img-cdn.gateio.im/webp-social/moments-9e5ac6543b8b1afa6c8f5624010a9ef3.webp(