Over the past three months, the memcoon market has experienced a sharp fall, having lost 56.8% of its market capitalization.
The recent subsidence of the Memcoirs sector raises questions about whether the era of explosive growth has ended for this category of digital assets.
The memcoirs market significantly sagged
Memecoirs survived a huge surge in popularity in 2024. Over the year, their market capitalization increased by 500%, and memcoirs dominated the cryptosphere.
According to Coingecko, they became the most popular cryptotrend in 2024. They accounted for 14.3% of the total interest in cryptonarrats against 8.3% in 2023.
However, recent events show the reverse trend.
The data on March 5 showed that the total market capitalization of meme coins decreased to $ 54 billion. This meant a drop in 56.8% from a peak of $ 125 billion as of December 5, 2024.
The volumes of bidding fell by 26.2% over the past month, which caused fears about the future “super -cycle of memcoids.”
The super -cycle of memcoids is a long period of rapid growth and speculation around tokens based on memes. However, given the decrease in indicators, the community fears that excitement may disappear forever.
Dogecoin (Doge), which forms almost half of the total capitalization of the meme coins market, fell by 21.7% over the past month. The decline is not limited only to DOGE. The second largest Memcoin, Shiba Inu (Shib), has also decreased significantly. Over the past month, he fell by 10.6%. Similar trends are observed in all 10 leading memcoids.
Skepticism is growing, interest is reduced
The decrease affects not only individual tokens – skepticism in relation to memcoirs as a whole, it seems, is growing. Ilon Musk, for example, one of the most active DOGE supporters, recently compared Memcoin with Casino. He also warned against investing all savings in them. Meanwhile, Bitwise Director Matt Hogan previously said that we are now observing the end of the boat of memcoids.
Google Trends data confirm a decrease in interest in memes. Search requests for this word fell from the maximum of 100 in mid -January to only 8 last week. This shows that public interest fades as quickly as it appeared.
The decline is felt throughout the ecosystem, especially on the platforms that flourished during the boat of memcoids. PUMP.FUN, a popular platform for launching meme tokens, recorded a drop in trading volume with $ 3.3 billion in January 2025 to $ 814 million. This is a subsidence of 75.3%.
In addition, the total number of created tokens on PUMP.FUN has been steadily reduced from the end of January. The indicators of daytime revenue generated were also sharply reduced.
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Source: Cryptocurrency

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