[PRESS RELEASE – Singapore, Singapore, December 7th, 2024]

LBank Labs has released its “Top 10 Trending Memecoins of 2024” report, analyzing the memecoin market expansion. The report indicates that memecoins’ total market capitalization reached $120 billion in 2024.

According to the report, the memecoin landscape transformed significantly in 2024, evolving from speculative assets into a diverse ecosystem driven by community engagement and technological innovation. This shift has opened new opportunities for cryptocurrency exchanges to enhance their market presence through strategic initiatives.

Throughout 2024, LBank Cryptocurrency Exchange implemented comprehensive project evaluation and market deployment strategies in memecoins. Performance metrics indicate notable market returns, with highest gains on LBank including GOAT at 29,900%, followed by ACT (7,860%), MOODENG (6,746%), and PNUT recording 4,868%.

Beyond token listings, LBank has shown deep commitment to project ecosystem development. After the SLERF founder incident, LBank took an active role in community rebuildin