Memecoin Mania: New Meme Tokens See Massive 1313% Returns in 2024 Q1, Far Surpassing Other Crypto Narratives

Memecoins saw massive 1313% returns in Q1 2024, far outpacing other narratives like RWA (286%) and AI (222%). New memecoins like BRETT gained over 7700%.

RWA tokens saw 286% returns, briefly leading profits before being overtaken by memes and AI. MANTRA and TokenFi led returns over 1000% and 400%.

AI narrative returned 222%, with AIOZ Network and Fetch.ai gaining 480% and 378%. Even the lowest AI gainer saw 75% returns.

Moderate gains for DeFi (99%) and DePIN (81%), helped by tokens like RBN, JUP, and AR. L1 and GameFi lagged behind.

Layer 2 was least profitable major narrative with just 40% returns. Stacks and Mantle outperformed other L2s.