97% of Meme Coin Traders Lost Money in 2024: What Went Wrong? ​ 2024 was a reality check for meme coin traders—dreams of overnight riches met harsh truths. According to @buildwithMV Year-End Report. ​ Their analysis of the memecoin (super)cycle, based on over 4.2 million wallets tracked by @pumpdotfun reveals: ​ - 97% of traders made less than $1,000. - Only 0.3% earned over $10,000. - A tiny 0.03% crossed the $100,000 mark. - And just 0.003% reached profits exceeding $1M. ​ So, what went wrong? ​ @buildwithMV highlights that rare success stories can mislead investors, suggesting high profits are common. However, most meme coin traders barely break even—or worse, lose money. ​ Pump dot fun by the Numbers: A harsh reality check for meme coin traders in 2024. ​ The chart shows that while Pump dot fun generates high revenue, most traders are unprofitable. Looking Ahead: Meme Coins in 2025 ​ While these numbers paint a challenging picture, they also underscore the potential for transformation in 2025. ​ @buildwithMV predicts meme coins will shift from mere "gambling tokens" to a bona fide investment class this year. ​ $DOGE, $SHIB, $PEPE, and $WIF are at the forefront as emerging blue-chip memes, with more coins expected to join this high-potential category. ​ @buildwithMV credits the “reverse launch strategy”, where aggressive marketing builds community and attention first, followed by adding real utility. ​ This approach could spark a snowball effect, potentially pushing the meme coin market from its current $130bn market cap to about $250bn by 2025. ​_______________________________________ ​ Want to explore the bigger picture? ​ The MV Global Year-End Report outlines the Top 10 Web 3 Trends for 2024 and Predictions for 2025. ​ ❍ MV Global: Year-End Report ​ ​ ❍ Syncracy: The Speed Trap - A Meditation on Markets by @RyanWatkins_ ​ ​ ❍ Bitget: The real data of pump dot fun: 1.4% graduation rate, only 3% of users earn more than $1,000 ​ _______________________________________ ​ What's your take? Do you see meme coins as the next big asset class, or is the market still too speculative? _______________________________________ ​ Thanks for reading! ​ ​ Looking for more insights like this? ​ 1. Follow me @SatoshiPierogi 2. Like and RT this post 3. Share your thoughts in the comments below.

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