I asked a small question to the AI and this is how it responded about memecoins; there are memecoins that have surpassed the value of 1 USD at some point in their history. Clear examples are MemeCore (M), which is currently trading around 2.05 USD, and tokens like OFFICIAL TRUMP (TRUMP) that have exceeded 7 USD.
đ Memecoins that have surpassed 1 USD
- MemeCore (M):
- Current price: ~2.05 USD
- Market cap: ~2.14 billion USD
- It is one of the few memecoins that managed to stay above 1 USD.
- OFFICIAL TRUMP (TRUMP):
- Current price: ~7.00 USD
- Market cap: ~1.4 billion USD
- Example of a thematic token that significantly exceeded the threshold of 1 USD.
đ Other popular memecoins
- Dogecoin (DOGE): Although it is the most famous, it has never surpassed 1 USD; its all-time high was ~0.73 USD in May 2021.
- Shiba Inu (SHIB): It remains at fractions of a cent due to its enormous circulating supply.
- Pepe (PEPE), Floki (FLOKI), Bonk (BONK): All trade well below 1 USD, with prices in thousandths or fractions of a cent.
â ď¸ Keys to understanding it
- Circulating supply: Most memecoins have trillions of tokens, making it almost impossible for them to reach 1 USD without an enormous market capitalization.
- Exceptions: The few that exceed 1 USD usually have a much more limited supply (millions or a few billion tokens).
- Volatility: These cases are rare and depend more on cultural trends, speculation, and marketing than on solid fundamentals.
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