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.

自從達到頂峰以來，Memecoin市場已大大下降，消除了2024年11月總統大選後的所有收益。 自12月以來，其價值下降了一半以上。

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.

根據CoinMarketCap的數據，3月5日的Memecoin市值為540億美元，比2024年12月5日的1,240億美元下降了56％。12月8日，該市場在1月8日的Memecoin推出後，唐納德（Donald）和梅拉尼亞（Melania）在1月在1月的Memecoin推出後的短暫波動達到了1370億美元的峰值。

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

過去一年中的成長總值。資料來源：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.

行業專家將這種大量的低迷歸因於幾個因素：全球經濟狀況，缺乏成員監管，內幕交易醜聞以及公眾人物的認可。

Market Consolidation Expected

市場整合預期

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:

Zeta Markets聯合創始人Anmol Singh告訴Cointelegraph，“ Memecoin Bubble已經破裂”，理由是特朗普政府政策是主要貢獻者的經濟不確定性。 辛格還強調了名人和社交媒體影響者的問題影響，據稱是為了個人利潤操縱代幣的價格：

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

“名人，主要意見領導者和內部人士正公然利用其影響力，以使代幣價格膨脹，在出售之前，侵蝕了零售投資者之間的信任。”

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

辛格（Singh）預測市場鞏固，主要的模因存活下來，而其他人則失去了相關性。

Dogecoin Dominates

多黴素占主導地位

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.

辛格將Dogecoin（Doge），Pepe（Pepe），Bonk（Bonk），Dogwifhat（Wif）和官方特朗普（特朗普）Memecoin視為主要參與者。 他建議，剩餘的Memecoin Capital可能會流入永久的未來，現貨加密投資和菲亞特資產。

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

截至3月5日的市值七個成人。來源：CoinMarketCap

Singh anticipates increased investor caution regarding new memecoin launches.

辛格預計，投資者對新的Memecoin發射的謹慎態度有所增加。

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.

根據CoinMarketCap的數據，在撰寫本文時，由特朗普的高級顧問埃隆·馬斯克（Elon Musk）佔有的Dogecoin持有最大的市場份額，為53％。 Shib和Pepe緊隨其後，市值分別為77億美元和29億美元。特朗普官方的成員排名第四，市值為26億美元。

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

儘管Tron創始人Justin Sun等人物將Memecoin視為加密貨幣的未來，但他們建議專注於Doge等既定選擇。