A Social and Financial Study of Memecoins

The author proposes a dashboard that scores Farcaster memecoins on social and financial health, placing tokens into five categories from "Extreme Risk" to "Well Established," and finds that the results roughly match expectations, with DEGEN far ahead of the rest. The social score uses the activity level of ticker mentions, adjusted by week-over-week growth in unique casters and recipient casters, while the financial score uses non-token liquidity and DEX volume, adjusted by week-over-week liquidity growth. The analysis does not yet filter out sybil accounts and bots, so social scores for some tokens may be skewed. The article also lists open research questions about bot scoring, growth correlations and meme lifecycles.