2024: Year of the Meme Coin Takeover!

A CoinGecko study found that the most popular crypto narrative in 2024 was by far the meme coin narrative.

Author

Danielle du Toit
December 25, 2024

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  • Meme Coins Take Top Spot for Crypto Investor Interest in 2024: CoinGecko

  • BlackRock’s Bitcoin ETF Sees Record Outflow as Funds Bleed $1.5B in 4 Days

  • Phishing Attack Hijacks 15 X Accounts and Nets Half a Million Dollars

  • Montenegro’s Constitutional Court Rejects Do Kwon’s Appeal Against Extradition Verdict

According to a CoinGecko study, the most popular crypto narrative in 2024 was by far the meme coin narrative.

  • CoinGecko's study of token categories from Jan. 1 to Dec. 21 revealed that meme coins and related categories accounted for almost 31% of investor interest.

  • Solana meme coins emerged as the fourth-largest narrative with an 8% share of interest, while meme coins on Coinbase’s blockchain Base ranked 11th with just over a 2% share.

  • AI meme coins and cat-themed meme coins also gained a lot of traction, and captured around 1.5% and 1.2% of mindshare, respectively.

BlackRock’s iShares Bitcoin Trust ETF (IBIT) hit $188.7 million in outflows on Dec. 24, surpassing its previous record of $72.7 million that was set on Dec. 20.

  • On Christmas Eve, all 12 U.S.-based spot Bitcoin ETFs saw total outflows of $338.4 million, contributing to the $1.52 billion in net outflows since Dec. 19.

  • The Fidelity Wise Origin Bitcoin Fund and ARK 21Shares Bitcoin ETF experienced large Dec. 24 outflows of $83.2 million and $75 million, respectively, while the Bitwise Bitcoin ETF recorded a rare inflow of $8.5 million.

  • Unlike Bitcoin ETFs, Ether ETFs witnessed two consecutive days of inflows leading up to Christmas.

ZackXBT revealed that a sophisticated phishing scam netted a threat actor close to $500,000 over the past month by targeting 15 compromised X accounts.

  • The attacker impersonated the X team by sending fake copyright infringement notices to lure users to phishing sites that harvested credentials. This allowed them to disable 2FA and take over accounts.

  • Many of the compromised accounts were crypto-focused, including high-profile names like Kick, Cursor, The Arena, Brett, and Alex Blania.

  • The attacks began on Nov. 26 with RuneMine’s account and continued through Dec. 24 with Kick. The attacks specifically targeted accounts with followings exceeding 200,000.

The court’s decision upheld the authority of the country’s Minister of Justice to oversee extradition matters, dealing a blow to Kwon’s plans to challenge the proceedings.

  • Do Kwon appealed a Supreme Court decision delegating his extradition fate to Montenegro's Justice Minister, and claimed there were violations of procedural fairness and his rights to a fair trial.

  • The Constitutional Court rejected Kwon's claims, which allowed the Justice Minister, Bojan Božović, to decide on his extradition.

  • Local reports suggest Montenegro may prioritize extraditing Kwon to the United States over South Korea.

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