The MIMON Sector, which was once dating back to a severe shrinkage, has suffered 90 % of its peak in December 2024. The leading Memecoins, including Dogecoin (Doge), Shiba Inu (SHIB), Pepe (Pepe), and Trump (TROMP), have intense pressure on sale where they do Traders convert focus away from these highly dangerous assets.
The collapse of the memecoin market and the “Libragate” scandal
The last collapse of Libra (Libra), a Mimikoin, is associated with Argentine President Javier Millie, has fueled a wider sale in the market. The distinctive symbol decreased by 94 % within hours of launch, as it was reported that those familiar with the exchange of $ 107 million before the retailers were able to respond. This event was called “Libragate”, this event, confidence in Memecoin Gailness and pre -launch deals.
Memeco Solana’s slowdown has hit. Once a memecoin activity center, Solana weekly revenues decreased by 93 %, from its peak of $ 55.3 million in January to only 4 million dollars in March. The total value that was secured in the Solana’s ecosystem from more than $ 12 billion to $ 6.5 billion has collapsed. POMP.fun, which led a lot of Solana speculating boom, has witnessed a decrease in daily revenue from $ 15 million to about one million dollars, which reflects the interest of a merchant ranging.
Organizational clarity: SEC emphasizes that memecoins are not securities
The US Securities and Exchange Committee confirmed that the Mimin does not fulfill the legal definition of securities, and to raise compliance obligations for exporters and traders. However, the agency warned that deceptive projects are still facing enforcement if they are involved in misleading or misleading marketing.
This decision is in line with the position of the Supreme Council for Sophisticated Education under its new leadership, which recently dropped issues against Coinbase, UISWAP and Kraken. While this ruling provides some organizational relief, it does not do much to restore confidence in the market that was shaken by the internal money and failed projects.
