VanEck’s MarketVector Launches Meme Coin Index, Led by Dogecoin and Shiba Inu

• VanEck’s MarketVector introduces MEMECOIN, tracking top meme coins with a 137.96% YTD return.
• MEMECOIN uses a capped market cap-weighted approach to balance risk, with Dogecoin and Shiba Inu dominating.
• VanEck emphasizes the speculative and volatile character of meme currencies and cautions that they should only be used for amusement rather than investment.

MarketVector, a subsidiary of VanEck, has introduced the Meme Coin Index (MEMECOIN). This index tracks the performance of six major meme coins, including Dogecoin, Shiba Inu, Pepe, dogwifhat, Floki Inu, and BONK. According to an X post by Wu Blockchain, this index has returned an impressive 137.96% year-to-date, making it the best-performing index on MarketVector.

MarketVecto, a subsidiary of American asset management giant VanEck, launched the Meme Coin Index, including Dogecoin (30.77%), Shiba Inu (28.34%), Pepe (14.51%), dogwifhat (12.54%), Floki Inu (7.14%) and BONK (6.7%) ). The Meme Coin Index has returned 137.96% so far this year,… pic.twitter.com/7QeecKTbTx

— Wu Blockchain (@WuBlockchain) May 9, 2024

The MEMECOIN index is a market capitalization-weighted index, with weights restricted at 30% …

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