In 2024, memecoins emerged as a dominant force in the cryptocurrency market, capturing 31% of investor interest, according to a study by CoinGecko. This year marked a notable shift, as speculative assets like Dogecoin (DOGE) and Shiba Inu (SHIB) drew significant attention, overshadowing traditional cryptocurrencies. The total market cap for memecoins reached approximately $113.2 billion, with Solana-based tokens accounting for 8% of the interest and Coinbase's Base blockchain contributing just over 2%. The trend has sparked discussions about the future of these digital assets, especially as they continue to attract retail investors despite their humorous origins. Additionally, other notable memecoins such as Pepe and Fartcoin have gained traction, with some predictions suggesting continued popularity into 2025.