Lemon.fun vs Tether

Tether (USDT) is 22036148.5× the size of Lemon.fun (LEMON) by market capitalisation. Over the past 30 days, USDT is ahead by 97.8 percentage points (LEMON -97.9% against USDT -0.0%). Their daily returns move barely together (correlation 0.30 across 27 shared trading days). LEMON has been the more volatile of the two, at 478% annualised against USDT's 1%.

Correlation: 0.30
Size ratio: 1 : 22036148.5
Ahead over 30 days: USDT

Lemon.funLEMON

$8.090e-6

24h: +12.26%
Market cap: $8,090
Volume 24h: $191
Volatility (ann.): 478%

TetherUSDT

$0.999409

24h: +0.05%
Market cap: $178.27B
Volume 24h: $58.65B
Volatility (ann.): 1%

LEMON 0.0%Share of the two combined market caps100.0% USDT

Performance

LEMONUSDT

7 days+10.09%+0.03%LEMON
30 days-97.86%-0.04%USDT

Correlation

0.30over 27 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.3090d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	LEMON	USDT
Max drawdown (400d)	-99.2%	-0.2%
Risk-adjusted return (90d)	-0.21	0.03

Relative strength over 90 days: USDT outperformed LEMON by 99.0% — measured on the LEMON/USDT ratio, so it holds regardless of market direction.

Lemon.fun →Tether →