In the last three weeks, Meme Sikka Market Cap Press has a decline of over $ 44 billion below $ 75 billion at time.
In the last three weeks, Meme coin market has been lost more than $ 44 billion, as Crypto analyst Cryptopus recently said Post on XThe current Mem Sikka Market Cap is about $ 75 billion, which is more than $ 110 billion at the end of December 2024.
This recession comes after one year of unprecedented growth, where meme coins improved all other crypto asset classes, which increased to $ 120 billion from December 20 billion in January 2024 to $ 120 billion from December 20 billion Hui.
A full year analysis from binance It was highlighted that Meme coins were the best performing Crypto sub-sector in 2024, dominating 212% a year and market Mindsheer. The major meme coins were divided between Solana (Sol) and Atherium (Ath), although the Etherium still placed the top three projects, including Dogcoin (DOGE). The major driver pump of this development has been success. A dedicated meme coin launchpad, which featured more than 5.7 million new projects and produced more than $ 400 million in revenue in 2024.
Is the meme coin area entering the trough of disillusionment?
However, after reaching around $ 120 billion in late December, Meme Coin Market has seen a sharp pullback, Meme coin fell to about $ 75 billion with market cap, according to the press time, CoingkoIt raises questions about the stability of the large -scale fall meme’s coin and whether the sector is entering a new phase.
Ki Young Zoo, CEO of Cryptoctive, recently Shared your approach on XDescription of the current status of Meme coin market as “the peak of expectations”. According to JU, after this stage there is often a “trough of disillusionment”, where the speculative excessives fade before stabilizing the market and finds more durable legs.
Recently, the recession may indicate that the Meme coin area is now entering the “Destruction of Destruction” stage, which was talked about by Young Ju. However, Xu believes that the meme coins are unlikely to disappear completely. Instead, he predicts a gradual maturity process over the next five years, eventually a more established role within the Crypto economy.
