The value of the Memecoin market led to more than 50 % of the gains made during the Donald Trump market, which began after its victory in the 2024 US presidential election. Since its arrival to the highest level ever in early December, Memecoins has lost more than half of its market value, simulating the wider cryptocurrency blood during the same period.
According to CoinmarketCap DataThe total market value of themes reached 55 billion dollars on Wednesday, which represents a decrease of 56 % from 137 billion dollars recorded on December 8, 2024. The reviews decreased by 5.3 % in the past seven days and 25 % during the past month.
The Memecoins Market witnessed brief screws in January, supported by launching the distinctive symbols in Solana Trump and Melania on the opening weekend, which increased the maximum market to $ 115 billion, but it received $ 60 billion by February 8.
Industry analysts refer to a mixture of factors that contribute to collapse, including economic instability, organizational uncertainty, internal commercial scandals, and the participation of high -level names such as President Donald Trump and Argentina Javier Miley in Mimokin’s offers.
Market analysts compare memecoin with a NFT bubble explosion
On social media, some market monitors have compared to a meteion shrinkage to the previously distinguished digital code bubbles, especially the NFT and the statue. Through x lengthy string Posted in February, azuki wale.moca researcher has identified the fall of the Glory sector, saying, “They always follow the same style.”
“In NFTS, the idea that everyone would live in metasta. For Memecoins,” Supercycle “was the young person buying mechanics to feel part of society. After that, the bubble of fixed organic pollutants, and the shrinkage is slower than expected.
Wale.moca has also talked about how NFTS has lost more than 95 % of the market value since it appeared for the first time in the market because a short -term rebound was not enough to stop the comprehensive downward trend.
Another NFT fans’ support on X, who gets the name Beaniemaxi, Wale’s feelings, saying that the decrease of the Memecoin market has not yet ended if it follows the same path as NFTS. “Most of the already excessive adults have decreased by 90 %, however hundreds of millions are still worth the other 90 %.
If there is anything like the NFT bubble explosion, these dhikr still have a long way to fall. It does not happen overnight. Pop bubbles, then empty over time. Most of those excessive decreased 90 %. But it is still worth hundreds of millions of them. We expect 90 %+ more.
– Beaniemaxi hat March 4, 2025
Dogecoin is still the largest mechanical depending on the market, which represents 53 % of the entire Memecoin market, according to CoinmarketCap. Shaiba Eno (Shayb) and Pep Rank As the second and third largest MIMAT, the market hats are $ 7.7 billion and $ 2.9 billion, respectively.
Trump’s family symbols, Trump and Milan are currently official in the fourth and eighth positions, with the market of $ 2.6 billion and 444.4 million dollars, respectively.
pump. Fouh collapses shows the end of fun times for mechanics
One of the largest motivations in Mimkeen Marcin Marcin at the end of 2024, the Solana -based Launchpad pump witnessed its headquarters, digging the launch of the new distinctive symbol. Dune Analytics data shows that the launch of the new distinctive code on the platform has decreased by 80 % since its peak on January 20.
The Crypto community has a “non -friendly” relationship with the Launchpad platform because it has been exposed to investors for many rug projects, including metal currencies such as Libra.
Market data shows that the number of daily codes launched in January reached more than 70,000, but the highest number in February only recorded 53,000, and that was still during the first five days of the month.
“Pump.fun has absorbed all retail money in metal currencies, and now it is collapsing. Hot money will flow into real encryption, but this was the worst trading phase. MEM coins are pure cancer, the value of drain, fraud, and coding preparation. Happy ite,” Mimikoin critic Reckon.
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