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Community-driven tokens propel memecoin index to record-breaking year

Published 1 minute earlier on Quick Take The GMCI Meme index represents broader market trends rather than specific token performance. The following is an excerpt from The Block’s Data and Insights newsletter. The GMCI Meme index emerged as 2024's strongest performing sector, delivering 320% returns and significantly outpacing other crypto sectors, including AI (91%) and the top 30 cryptocurrencies (88%) in second and third, respectively. The index began its upward trajectory in March and main...

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