Top Meme Coins By Market Capitalization

Mark Hooson,  Laura Howard
Forbes Staff,  Forbes Staff

Editorial Note: This content has been independently collected by the Forbes Advisor team and is offered on a non-advised basis. This content is not part of the comparison service provided by RunPath Regulatory Services. Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations.

Important Disclosure: The content provided does not consider your particular circumstances and does not constitute personal advice. Some of the products promoted are from our affiliate partners from whom we receive compensation.

If you require any personal advice, please seek such advice from an independently qualified financial advisor. While we aim to feature some of the best products available, this does not include all available products from across the market. Although the information provided is believed to be accurate at the date of publication, you should always check with the product provider to ensure that the information provided is the most up-to-date.

Forbes Advisor has provided this content for educational reasons only and not to help you decide whether or not to invest in cryptocurrency. Should you decide to invest in cryptocurrency or in any other investment, you should always obtain appropriate financial advice and only invest what you can afford to lose.

A memecoin is a cryptocurrency founded on a kind of internet ‘in-joke’, but the sizes of some of these tokens is no joke at all. We’ve taken a look at some of the biggest memecoins and ranked them according to their market caps.

{{ showMobileIntroSection ? 'Read Less' : 'Read More' }}
{{ showSummarySection ? hideSummaryText : showSummaryText }}

Top Meme Coins

FEATURED PARTNER OFFER

Dogecoin (DOGE)

Dogecoin (DOGE)

Market Capitalisation

£7.4 billion

Dogecoin (DOGE)

Market Capitalisation

£7.4 billion

Why We Picked It

If Bitcoin was the original cryptocurrency, Dogecoin was the original memecoin. In fact, Dogecoin was conceived as a parody of cryptocurrencies back in 2013.

The eponymous Doge is a shiba inu dog that has appeared in memes since 2005, surrounded by text made up of broken English, as if spoken by the confused canine.

With a market cap of £7.4 billion, DOGE is the world’s biggest memecoin. It currently trades at around £0.05 per token. DOGE has a large following, partially because it’s been backed publicly by Twitter and Tesla owner Elon Musk.

Dogecoin Price

FEATURED PARTNER OFFER

Shiba Inu (SHIB)

Shiba Inu (SHIB)

Market Capitalisation

£3.5 billion

Shiba Inu (SHIB)

Market Capitalisation

£3.5 billion

Why We Picked It

Another dog-themed memecoin, Shiba Inu (SHIB) was created anonymously in August 2020 and is based on the same set of internet memes as Dogecoin.

It has a market cap of £3.5 billion and peaked in value at £0.00005 during October of 2021 after it was added to major crypto exchange Coinbase. Currently, SHIB is valued at £0.000006.

Shiba Inu price

FEATURED PARTNER OFFER

Pepe (PEPE)

Pepe (PEPE)

Market Capitalisation

£523 million

Pepe (PEPE)

Market Capitalisation

£523 million

Why We Picked It

Falling way behind DOGE and SHIB in terms of market capitalisation, Pepe is a memecoin based on a meme popularised by the often-problematic image board website, 4chan.

Controversy aside, the cartoon-frog-fronted memecoin has made a big splash since launching in the spring of 2023. Its market cap is now around £500 million, but peaked at £1.17 billion in May, shortly after launch.

PEPE currently trades at £0.000001.

FEATURED PARTNER OFFER

Bone ShibaSwap (BONE)

Bone ShibaSwap (BONE)

Market Capitalisation

£223 million

Bone ShibaSwap (BONE)

Market Capitalisation

£223 million

Why We Picked It

BONE is a governance token used by members of the Shiba Inu (SHIB) community on the decentralised ShibSwap exchange. Members spend BONE tokens to vote on the direction of the exchange’s future.

Its market cap peaked at £387 million but is now £223 million. Its value peaked at £2.37 in November 2021, and now trades at £0.95.

What is a memecoin?

Bitcoin is the original and biggest cryptocurrency. Every other cryptocurrency is known as an altcoin. Some altcoins are themed around internet memes. These are memecoins.

Memetic theory came from evolutionary biologist and educator Richard Dawkins. In his 1976 book The Selfish Gene, Dawkins coined the term meme to describe the way ideas and cultural phenomena are passed down and adapted, changing over time. Memes are to sociology what genes are to biology.

Today, the term meme usually refers to image-based jokes that are effectively one-panel, digital comic strips. People share memes online, often after putting their own spin on them.

Popular memes include the Shiba Inu ‘Doge’, which became the basis for several meme coins, and Pepe the frog, which became a memecoin in 2023.

Where can memecoins be traded?

The bigger memecoins such as DOGE and SHIB are listed on major crypto exchanges such as Coinbase and eToro. We’ve listed our pick of the best crypto exchanges.

Memecoins, like any cryptocurrency, are volatile and unpredictable. The UK’s financial watchdog has repeatedly warned would-be investors that they should be prepared to lose everything they put into crypto markets.

The crypto market is also unregulated in the UK, for the time being. This means there’s no support or recourse if investors lose money because, for example, their exchange went bust.

More Resources in Cryptocurrency

Explore Our Top Cryptocurrency Picks

Learn More About Cryptocurrency 

Crypto Buying Guides

Forbes Advisor adheres to strict editorial integrity standards. To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available. The opinions expressed are the author’s alone and have not been provided, approved, or otherwise endorsed by our partners.

{{ showReadFullArticleContent ? 'Hide the article' : 'Read the full article' }}

The Forbes Advisor editorial team is independent and objective. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive payment from the companies that advertise on the Forbes Advisor site. This comes from two main sources.

First, we provide paid placements to advertisers to present their offers. The payments we receive for those placements affects how and where advertisers’ offers appear on the site. This site does not include all companies or products available within the market.

Second, we also include links to advertisers’ offers in some of our articles. These “affiliate links” may generate income for our site when you click on them. The payment we receive from advertisers does not influence the recommendations or guidance our editorial team provides in our articles or otherwise impact any of the editorial content on Forbes Advisor.

While we work hard to provide accurate and up to date information that we think you will find relevant, Forbes Advisor does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof.