Memecoin vs GAL (migrated to Gravity - G)

GAL (migrated to Gravity - G) (GAL) is 2.2× the size of Memecoin (MEME) by market capitalisation. Over the past 30 days, GAL is ahead by 2.2 percentage points (MEME -19.6% against GAL -17.4%). Their daily returns move barely in opposite directions (correlation -0.05 across 20 shared trading days). GAL has been the more volatile of the two, at 432% annualised against MEME's 93%.

Correlation: -0.05
Size ratio: 1 : 2.2
Ahead over 30 days: GAL

MemecoinMEME

$0.000430

24h: -0.45%
Market cap: $27.83M
Volume 24h: $5.32M
Volatility (ann.): 93%

GAL (migrated to Gravity - G)GAL

$2.5420

24h: +3.40%
Market cap: $61.94M
Volume 24h: $14
Volatility (ann.): 432%

MEME 31.0%Share of the two combined market caps69.0% GAL

Performance

MEMEGAL

7 days-8.44%-8.87%MEME
30 days-19.56%-17.38%GAL

Correlation

-0.05over 20 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: insufficient data90d: 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	MEME	GAL
Max drawdown (400d)	-34.6%	-64.9%
Risk-adjusted return (90d)	-0.24	-0.05

Relative strength over 90 days: GAL outperformed MEME by 14.4% — measured on the MEME/GAL ratio, so it holds regardless of market direction.

Memecoin →GAL (migrated to Gravity - G) →