ARTICLE AD BOX
The top all-in-one cryptocurrency platform in Indonesia, PINTU, reported a startling 150% YoY increase in trade volume in 2024, driven by the meteoric rise of memes and AI tokens. This milestone indicates a more significant global trend, as the cryptocurrency market as a whole saw significant growth.
“2024 marked a historic milestone for the global and Indonesian crypto markets,” said Timothius Martin, Chief Marketing Officer of PINTU. “Our internal data from January 2024 to January 2025 reveals a massive increase in trading activity, with total trading volume up over 150% YoY and Monthly Trading Users (MTU) increasing by more than 100%. The most traded tokens on PINTU were AI tokens, which saw a trading volume surge of over 1,200%, followed by meme tokens, which recorded a 230% increase.”
According to CoinGecko’s Annual Crypto Industry Report, the global cryptocurrency market capitalization increased by 97.7% in 2024, hitting $3.40 trillion by the conclusion of the fourth quarter. The average cryptocurrency trade volume increased by 128.2% from $88.0 billion in Q3 2024 to $200.7 billion in Q4 2024, reflecting this boom.
This worldwide upsurge was fueled by political and economic trends, especially in the US. Since he is anticipated to be more crypto-friendly than the previous administration, the election of Donald Trump as the 47th President of the United States gave the industry hope. Crypto asset values increased due to Trump’s administration appointing pro-crypto individuals like Elon Musk to essential posts and plans to create a strategic national Bitcoin reserve in the United States.
The 2024 cryptocurrency story was dominated by the ascent of AI tokens, which had an average Return on Investment (ROI) of 2,940% for the top 10, and meme tokens, which had an average ROI of 2,185%. Innovations like ChatGPT, DeepSeek, and AI Agents—autonomous artificial intelligence systems that can effectively complete complex tasks—were key factors in expanding the AI business.
The emergence of the Solana (SOL) ecosystem was strongly associated with the growth of meme tokens, which were fueled by communities around projects like Dogecoin (DOGE), which rose 255%, and Popcat (POPCAT), which exploded 9,954%. In Q4 2024, Solana’s network transactions surpassed Ethereum’s transaction volume by 152%.
From 2023 to 2024, cryptocurrency transactions in Indonesia increased 335.91%, totaling IDR 650.61 trillion, according to the Commodity Futures Trading Regulatory Agency, or Bappebti.
Despite the optimistic outlook, Timo advised investors to remain cautious. “While AI and meme tokens have experienced explosive growth, it’s critical to assess their underlying utility, innovation, and community strength. Crypto investments carry inherent risks, and investors must manage their portfolios wisely.”
PINTU stresses the value of prudent investment, advising users to avoid making snap decisions motivated by FOMO, invest only what they can afford to lose, and conduct in-depth research. PINTU is dedicated to offering a safe, authorized platform that helps novice and seasoned investors navigate digital assets as the cryptocurrency market expands.