The memecoin market has significantly declined since its peak, erasing all gains made following the November 2024 presidential election. Since December, its value has plummeted by over half.

According to CoinMarketCap, the total memecoin market capitalization was $54 billion on March 5th, a 56% decrease from $124 billion on December 5th, 2024. The market peaked at $137 billion on December 8th, experiencing brief fluctuations following memecoin launches by Donald and Melania Trump in January.

According to CoinMarketCap, the total memecoin market capitalization was $54 billion on March 5th, a 56% decrease from $124 billion on December 5th, 2024. The market peaked at $137 billion on December 8th, experiencing brief fluctuations following memecoin launches by Donald and Melania Trump in January.

Total memecoin market capitalization in the past year. Source: CoinMarketCap

Industry experts attribute this substantial downturn to several factors: volatile global economic conditions, a lack of memecoin regulation, insider trading scandals, and endorsements from public figures.

Market Consolidation Expected

시장 통합이 예상됩니다

Zeta Markets co-founder Anmol Singh told Cointelegraph that the "memecoin bubble has burst," citing economic uncertainty surrounding the Trump administration's policies as a key contributor. Singh also highlighted the problematic influence of celebrities and social media influencers who allegedly manipulate token prices for personal profit:

“Celebrities, key opinion leaders, and insiders are blatantly exploiting their influence to inflate token prices before selling, eroding trust among retail investors.”

Singh predicts market consolidation, with major memecoins surviving while others lose relevance.

Singh은 시장 통합을 예측하며, 주요 메모 인은 생존하는 반면 다른 사람들은 관련성을 잃습니다.

Dogecoin Dominates

Dogecoin이 지배적입니다

Singh identifies Dogecoin (DOGE), Pepe (PEPE), Bonk (BONK), Dogwifhat (WIF), and the Official Trump (TRUMP) memecoin as major players. He suggests that remaining memecoin capital will likely flow into perpetual futures, spot crypto investments, and fiat assets.

Singh는 Dogecoin (Doge), Pepe (Pepe), Bonk (Bonk), Dogwifhat (WIF) 및 공식 트럼프 (트럼프) 메모 인을 주요 선수로 식별합니다. 그는 나머지 Memecoin Capital이 영구적 인 미래, Spot Crypto Investments 및 Fiat 자산으로 흘러 나올 것이라고 제안합니다.

The top seven memecoins by market capitalization as of March 5. Source: CoinMarketCap

3 월 5 일 현재 시가 총액에 의한 상위 7 개 메모 인. 출처 : CoinmarketCap

Singh anticipates increased investor caution regarding new memecoin launches.

Singh는 새로운 밈인 출시와 관련하여 투자자주의가 증가 할 것으로 예상합니다.

At the time of writing, Dogecoin—favored by Trump's senior advisor Elon Musk—holds the largest market share at 53%, according to CoinMarketCap. SHIB and PEPE follow, with market caps of $7.7 billion and $2.9 billion respectively. The Official Trump memecoin ranks fourth, with a $2.6 billion market cap.

CoinmarketCap에 따르면, 글을 쓰는 시점에서 Trump의 선임 고문 인 Elon Musk가 선호하는 Dogecoin은 53%로 가장 큰 시장 점유율을 보유하고 있습니다. Shib와 Pepe는 각각 77 억 달러와 29 억 달러의 시가 총액을 따릅니다. 공식 Trump Memecoin은 26 억 달러 규모의 시가 총액으로 4 위를 차지했습니다.

While figures like Tron founder Justin Sun see memecoins as the crypto future, they advise focusing on established options like DOGE.

Tron의 창립자 Justin Sun과 같은 인물은 Memecoins를 암호화 미래로 보지만 Doge와 같은 확립 된 옵션에 중점을 두는 것이 좋습니다.