#MakeNowMeme Lets TikTok Users Make Their Own Memecoins

TikTok has introduced a new hashtag — #MakeNowMeme — that allows users to create their own memecoins directly from the app.

Makenow.meme enables users to claim 4% of the total supply of any memecoin they create — and it starts with connecting a TikTok account to the platform.

Memecoins, once seen as a niche in the cryptocurrency market, are surging in popularity following Bitcoin’s recent rally. Many of these digital coins have posted impressive double-digit gains over the past 30 days, sparking renewed interest and leading investors to question whether another memecoin season is on the horizon.

This trend was highlighted by analytics platform IntoTheBlock, which observed the growing momentum in the memecoin sector.

Memecoins Driven by Strong Communities and Growing Blockchain Adoption

Memecoins — such as Dogecoin, Pepe, and Shiba Inu — have emerged as one of the fastest-growing sectors in this year’s cryptocurrency resurgence. According to BDC Consulting, the number of meme-related crypto projects surged by over 440% in the past two years, positioning the memecoin market as the fourth most valuable sector in crypto. Even surpassing both decentralized finance (DeFi) and blockchain-related services.

Memecoins have gained such traction that they now rank among the top 15 chains for the number of new pools launched daily. One of the driving forces behind this growth is the strong, passionate communities that memecoins often foster. These communities, found on platforms like Reddit, Twitter, and Telegram, create a sense of camaraderie where members share information, provide support, and engage in spirited discussions.

The report further noted that Ethereum dominates, hosting 45% of all memecoin projects. Other prominent blockchains for launching memecoins include BNB Chain, Solana, and Arbitrum, which together account for 53% of all liquid memecoins. Notably, Solana leads in daily creation of new decentralized exchange (DEX) pairs, highlighting its growing popularity in the memecoin space.

As of March 2024, there are more than 2,000 memecoin projects in existence, with approximately 1,000 of them having active trading volumes, making them liquid. The vast majority of these projects (89%) have a market capitalization between zero and $1,000. Only 5% of memecoins had a market cap exceeding $10 million during this period, the report added.

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Gairika holds positions in BTC. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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