If you’re familiar with meme coins and their potential for astronomical gains – as well as losses – you’re likely curious and want to know what the largest meme coins by market cap are. After all, the bigger the market cap, the more significant the token. So without further ado, let’s take a look at the top 10 meme coins by market capitalisation as of October 2023.

Dogecoin (DOGE) – Market Cap: $10 billion

Dogecoin, based on the popular “doge” Internet meme featuring a Shiba Inu, holds the top spot in terms of market capitalisation. Created in December 2013 by Billy Markus and Jackson Palmer, Dogecoin was envisioned as a fun and light-hearted digital currency with a broader appeal than Bitcoin. Its market presence was further amplified by the endorsement of Tesla CEO Elon Musk, who expressed his fondness for Dogecoin through various social media posts.

Shiba Inu (SHIB) – Market Cap: $4.8 billion

Claiming to be the “DOGECOIN KILLER,” Shiba Inu has gained attention for its association with the Dogecoin community. Created anonymously by someone using the pseudonym “Ryoshi” in August 2020. The identity of its creator remains unknown, adding intrigue to its narrative.

Pepe Coin – Market Cap: $525k

Pepe Coin, launched on Ethereum, pays tribute to the Pepe the Frog internet meme, which gained popularity in the early 2000s. As a deflationary meme coin, it aims to provide a unique investment opportunity for enthusiasts of the Pepe meme and the crypto community.

Floki (FLOKI) – Market Cap: $215k

Inspired by Elon Musk’s Shiba Inu and coined as the people’s cryptocurrency, Floki is a utility token within the Floki Ecosystem. Created by fans and members of the Shiba Inu community, Floki aims to leverage the popularity and sentiment surrounding Elon Musk’s Shiba Inu project.

Baby Doge Coin – Market Cap: $188k

Drawing inspiration from the Doge Meme community, Baby Doge Coin aims to impress its “father,” Doge, by offering improved transaction speeds and adorableness. This hyper-deflationary token rewards holder through static reflection, automatically adding more Baby Doge coins to their wallets with each transaction.

Bone ShibaSwap (BONE) – Market Cap: $323k

Bone ShibaSwap, the governance token of ShibaSwap decentralized exchange (DEX), empowers the Shiba Inu community, known as the Shib Army, by providing voting functionality. Holding BONE tokens grants users the ability to participate in voting on proposals, submit their own ideas, and access future non-fungible tokens (NFTs).

Dogelon Mars – Market Cap: $85k

Following the footsteps of successful dog-themed meme coins like Dogecoin, Shiba Inu, and Floki Inu, Dogelon Mars carves its niche in the Ethereum and Polygon ecosystems. It embraces the dog meme culture and offers a unique investment opportunity for those seeking exposure to this market segment.

RichQuack.com – Market Cap: $25k

Rich Quack, a hyper-deflationary Binance Smart Chain (BSC) meme token, aims to reward holders through frictionless yield generation. Holders receive fees awarded by the smart contract, instantly reflecting in their balance without the need for staking or waiting for fee distribution.

ArbDoge AI – Market Cap: $16k

ArbDoge AI, an experiment within the Arbitrum ecosystem, differentiates itself from traditional projects by its fair distribution and community-centric approach. Absent venture capital institutions or team shares, this token’s primary focus lies on equal distribution and application to benefit the community.

Dejitaru Tskuka – Market Cap: $32k

Dejitaru Tskuka draws its inspiration from Japanese lore, portraying the dragon as a harbinger of wisdom, prosperity, abundance, and wealth. While relatively smaller in market capitalisation, it attracts attention from investors seeking exposure to unique cultural references.

Caution

While meme coins may seem entertaining and have the potential to generate profit – provided that you can sell them at a higher price – it is important to understand the substantial risks involved. Remember, these tokens lack intrinsic value and utility, making them susceptible to rug pulls.

Always conduct thorough research and exercise caution before investing in meme coins and never invest what you can not afford to lose.