Uncover the wild world of memecoins on Uniswap! This data-driven research delves into their impact and dynamics, unraveling the mysteries behind these digital assets that blend humor, culture, and finance. Brace yourself for a journey of insights like never before. #MemeImpactOnUniswap
Here was what I found out exploring the impact and dynamics of memecoins on Uniswap via Onchain data.
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👉 SHIB leads other memecoin on Uniswap with 24.01% holders followed by PEPE with 19.75% and BONE with 17.44% amongst others.
👉 Looking into the market share of memecoins on UNISWAP, PEPE token has the largest market share at present holding over 96.92% of the memecoin market on UNISWAP.
👉 In the early weeks of May, Pepe had one of the highest trading volume of 11.7m $PEPE tokens on the 12th of May followed by $BONE with 74.2k and $SHIB with 16.5k on the same date.
👉 The whales participation. The biggest memecoin holdings by a single wallet.
- The biggest Whale in PEPE holds over $4.3m ,
- The biggest Whale in SHIB holds $1.2m
- The biggest Whale in BONE holds $1.7m
- The biggest Whale in TSUKA holds $112.7k
👉 The memecoin season lead to the creation of new pairs which is tracked in this dashboard. To explore the full details check here https://flipsidecrypto.xyz/apostleoffinance/exploring-the-impact-and-dynamics-of-memecoins-on-uniswap-LSzGeb