Meme Coin Speculation Cools: Average 17.2 Days to Peak, Only 3% of Projects Reclaim All-Time Highs

PANews reported on October 16th, citing Bloomberg, that analysis shows the lifecycle of Meme coins is shortening. On average, Meme coin projects reach their all-time high 17.2 days after their first trade, with a quarter peaking within 1.6 days. The median time from peak to "death" (a price decline of 95%) is 370 days, and only 3% of Meme coin projects manage to reclaim their all-time highs.

The analysis suggests that the market is being flooded with new tokens, and the lifecycle of rapid pump-and-dump is cooling down this once-popular crypto speculation sector. Additionally, AI and prediction markets are diverting attention away from Meme coins, with prediction markets in particular overlapping significantly with the capital demand that previously drove Meme coin speculation. Meme coins were once a form of cultural expression, and while this attribute still exists, it has become "more subdued."