Thread by @TunmiseOlaoluw1

Is the Meme season over?

Here was what I found out exploring the impact and dynamics of memecoins on Uniswap via Onchain data.
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1/5

SHIB leads other memecoin on Uniswap with 24.01% holders followed by PEPE with 19.75% and BONE with 17.44% amongst others.

2/5

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.

3/5

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.

4/5

Here we can see 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

5/5

The memecoin season lead to the creation of new pairs which is tracked in this dashboard. To explore the full details check here flipsidecrypto.xyz/apostleoffinan…

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#uniswap #memecoin #web3

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