😱😱😱Memecoins Underperform YTD

Despite a strong recovery in Q2, most top meme coins performed far worse than the market average when measured YTD

The index posted a 1.8% gain YTD, whereas the average memecoin in CMC100 lost 28.5%.

Prominent memes like Dogecoin ($DOGE ), Shiba Inu (SHIB), Pepe (PEPE) and Bonk ($BONK ) are all down around 48-51% apiece.

Barring a brief rally in April owed to much-maligned Trump Dinner accumulation spree, the OFFICIAL TRUMP (TRUMP) meme has declined steadily since its January launch.

SPX6900 (SPX) and Fartcoin ($Fartcoin ) were the only top 100 memecoins to gain YTD, up 32.2% and 17.8% respectively#Q2Report