Crypto analyst Murad has released intriguing metrics that suggest memecoins WIF, GIGA, and POPCAT are the most likely candidates for “Huge Solana Winners” in 2025.
The analysis focuses on a unique ratio: market capitalization to the number of holders with over $1,000 invested. This metric aims to identify which Solana communities have the most impactful and efficient high-value holders.
New Metrics continue to show that $WIF $GIGA $POPCAT are currently most likely to be the Huge Solana Winners in 2025
Numbers don’t lie.
This ratio shows which Communities have the most Impactful and Efficient $1K+ holders. pic.twitter.com/f4VxOjj6vR
— Murad (@MustStopMurad) August 31, 2024
Dogwifhat leads the memecoin pack
According to the data, among the Solana memecoins, WIF leads the pack with a market cap of $1.559 billion and 22,064 holders with over $1,000 invested, resulting in a ratio of 70,658.09.
GIGA follows with a ratio of 52,958.58, while POPCAT rounds out the top three at 43,937.13.
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This ratio offers a fresh perspective on community engagement and investment distribution. A higher ratio suggests a more concentrated and potentially influential holder base.
Memecoins witness double-digit price drop
While some memecoins show promise for future growth, data from Lookonchain paints a sobering picture of the meme coin market over the past year. The top 10 memecoins have experienced an average decline of 63.73% from their peak values.
Over the past year, the top 10 #MEMEcoins have dropped an average of 63.73% from their peak.$DOGE: -57.93%$SHIB: -70.86%$PEPE: -58.16%$WIF: -70.93%$BONK: -64.63%$FLOKI: -65.97%$BRETT: -62.59%$POPCAT: -43.77%$BOME: -79.48%$MEW: -62.99% pic.twitter.com/GzRNI4dYaB
— Lookonchain (@lookonchain) September 2, 2024
Dogecoin (DOGE) has seen a 57.93% drop from its all-time high. Shiba Inu (SHIB), once dubbed the “Dogecoin killer,” has fared even worse with a 70.86% decline. Even newer entrants like Pepe Coin (PEPE) haven’t been spared, falling 58.16% from its peak.
BOME’s most severe decline is 79.48% from its highest point. On the other hand, POPCAT has shown relative resilience, dropping only 43.77%—the smallest decline among the top 10.
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Also Read: Neiro Gains 83% Amid Market Turmoil; Next DOGE in the Making?
