VanEck Subsidiary’s Memecoin Index Up 137% Year-To-Date
The MarketVector Meme Coin Index surged over 137% since the beginning of 2024 as the top memecoins continue to rise.
MarketVector’s memecoin index has outperformed the S&P 500 index by over 15x in 2024. In contrast, the S&P only saw a 9.3% price appreciation year-to-date (YTD), according to TradingView data.
The memecoin index is up over 137% year-to-date and 186% over the past year, trading at $76.60 as of 8:52 am UTC.
MarketVector, a subsidiary of the United States asset management giant VanEck, launched its memecoin index on Oct. 31, 2021. It includes the six largest memecoins: Dogecoin at a 30.7% allocation, Shiba Inu at a 28.3% allocation, 14.5% Pepe, , 12.5% Dogwifhat (WIF), 7.14% Floki Inu (FLOKI) and 6.7% Bonk (BONK) tokens.
(With inputs from Shikha Singh)
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