Disclaimer: Information found on CryptoreNews is those of writers quoted. It does not represent the opinions of CryptoreNews on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoreNews covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.
The Solana-based meme coin launchpad Pump.enjoyable has experienced a significant drop in new token launches since its peak in January.
However, with the impending launch of the Meme Index ($MEMEX), there is a new, more advantageous method to trade within this sector.
According to data from Dune Analytics, token launches have decreased by 80% due to negative sentiment surrounding the Libra ($LIBRA) token, leading investors to move away from meme coins.
Nonetheless, meme coins continue to be an essential component of the cryptocurrency market, with prominent tokens like Dogecoin ($DOGE), Shiba Inu ($SHIBA), and Pepe ($PEPE) each maintaining billion-dollar valuations.
Still, the primary challenge for investors is determining which new meme coin will join these established sector leaders.
With the Meme Index, investors no longer need to rely on speculation. This diversified index enables them to distribute their investments across a wide array of meme coins, enhancing the chances of success.
The Meme Index commenced its presale in late December 2024 and has since raised nearly $3 million. Early investors can still participate in the current funding round at $0.01662118 per token.
Is Pump.enjoyable’s slowdown a sign of collapse or a market adjustment?
Pump.enjoyable’s token launches have significantly decreased since their January peak, as indicated by the number of tokens completing the “bonding curve”—a process where Solana tokens establish initial trading liquidity on Pump.enjoyable before transitioning to Raydium.
This figure has fallen from nearly 1,200 on January 23 to just 94 early Friday.
Pump.Enjoyable Bonding Curve Completion Tokens Per Day
Similarly, token launches that did not complete bonding have decreased from over 70,000 on the same day to just over 27,000 in the past 24 hours.
The decline was likely exacerbated by the fallout from the $LIBRA token, which acted as a turning point for investors to distance themselves from meme coins.
However, it cannot be denied that meme coins have been the standout sector of 2024. Some market analysts believe that last year was merely the beginning of a larger super cycle.
The sector may now be evolving, similar to how DeFi matured after its explosive growth in 2020.
Rather than a collapse, the current downturn could represent a recalibration, mirroring broader market sentiment.
And when the market recalibrates, it often seeks solutions to prevent past mistakes—such as the $LIBRA incident—from recurring.
At present, the solution to avoid repeating the same error is the Meme Index token.
Index investing is a crucial next step in the evolution of meme coins, and Meme Index is at the forefront
The maturation of the meme coin sector is transitioning towards an index-based approach to investing—an evolution that Bitwise CIO Matt Hougan supports within the broader context of ETFs.
Related Posts
Index investing signifies a natural progression in financial markets, much like how stocks first encountered their index fund with Wells Fargo’s introduction in 1971.
This innovation provided a more structured, data-driven investment strategy following widespread dissatisfaction with actively managed funds.
Unlike traditional sector-wide tracking, the Meme Index adopts a more intelligent approach by accounting for token volatility.
Given the rapid price fluctuations in the space, this method ensures a more dynamic and adaptable strategy.
The Meme Index is categorized into four segments based on volatility:
- Meme Titan Index – The least volatile, featuring meme coins valued at least $1 billion.
- Moonshot Index – Comprises tokens valued between $250 million and $1 billion.
- Midcap Index – Encompasses tokens ranging from $50 to $250 million.
- Meme Frenzy Index – The most volatile, consisting of tokens under $50 million.
In addition to providing investors the ability to tailor risk exposure through these tiers, the Meme Index also offers a liquidity advantage.
Unlike individual smaller meme coins that may suffer from liquidity issues, the index structure allows investors to quickly enter and exit positions without being trapped in low-volume assets.
A more responsible and community-focused approach to meme coin investing: the Meme Index
The Meme Index empowers its community by enabling them to influence the indexes through voting rights via $MEMEX tokens.
$MEMEX tokens provide access to the indexes and serve as governance tokens, allowing holders to vote on which meme coins should be included and even propose the creation of entirely new indexes.
This level of engagement offers investors a more responsible and strategic approach to meme coin investing, enabling them to be more selective about emerging opportunities.
Thus, while meme coin launches are currently down, the Meme Index signifies a new evolution that could drive the sector’s growth and reignite the stalled supercycle.
Become a $MEMEX holder today
Join the next phase of the meme coin sector by becoming an early adopter of the Meme Index and securing your $MEMEX through the Meme Index presale website.
Simply connect your wallet (e.g., Best Wallet) and purchase $MEMEX using USDT, ETH, BNB, or a bank card.
The Meme Index platform has been audited by Coinsult and SolidProof, and there are no critical errors or security risks in its smart contract.
Join the Meme Index community on Telegram and X to stay informed about the latest news and developments.
The post Pump.enjoyable Down 80%: Meme Index Paves the Way for the Future of Meme Coins – Launching Soon appeared first on Cryptonews.
