Has the Meme Coin Fever Come to an End? Here’s What the Latest Data Reveals

Jakarta, Pintu News – The meme coin market saw a decline of about 1.4% in November 18, with the market capitalization dropping to $52.05 billion. Daily volume also fell, reaching only about $5.45 billion.

Meme coins recorded the sharpest decline among various crypto sectors, along with Layer 1 (L1) assets and the gaming sector. This begs the question: is the memecoin euphoria really over for the fourth quarter of 2025?

Weekly Performance of Top 10 Coin Memes

Based on data from CoinMarketCap, meme coins have been the hardest hit sector in the past week, with the top 10 by market capitalization experiencing double-digit declines.

Read also: Dogecoin Price Up 3% Today: DOGE Weekly Chart Shows Beginning of Bullish Potential?

All meme coins on the list fell between 9.9% and 30%, with SPX6900 (SPX) recording the most losses. Meanwhile, Shiba Inu (SHIB) was the most “resilient” in this category, experiencing the smallest drop.

Dogecoin (DOGE), which fell by more than 10%, is trading at $0.16. Other meme coins that have also recorded significant declines in the past seven days are Pepe (PEPE), Pudgy Penguins (PENGU), and Bonk (BONK), which have all plummeted by more than 18%.

The performance of these top 10 meme coins reflects the current overall state of the memecoin sector.

This is in stark contrast to what happened in the last quarter of 2024, when AI-based meme coins such as Fartcoin (FARTCOIN) started to attract market attention.

What caused Meme Coin to weaken?

The decline of meme coin is sharper than the overall crypto market, which currently has a market capitalization of $3.25 trillion. Therefore, this decline can be attributed to the structural conditions and negative sentiment that plagued the crypto market in general.

In addition, the trading volume of memecoins also dropped dramatically, suggesting that traders are starting to avoid the sector. In fact, selling pressure dominated, including among traders who were still active in the memecoin market.

According to data from Stalkchain, the sales volume of memecoin surpassed the $1 million mark, while the buy volume was only half that, at a little over $500 thousand.

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In this competition between buyers and sellers, two memecoins stood out. The most bought token was FARTCOIN, even though its price has dropped by more than 90% from its high of $2.61. Big investors (smart money) are known to have accumulated more than $350K worth of FARTCOIN.

In contrast, Useless Coin (USELESS) has been the most sold token by smart money in the past 24 hours. Its sales volume was also close to $350K, with the price plummeting by 21% in a day.

Final Thoughts: Is the Memecoin Hype Starting to Fade?

The current market structure shows that meme coins have lost most of their capitalization and are leaders in the overall decline in value. They became the weakest sector in the entire crypto market, which explains why the capital outflow from memecoins happened so quickly.

Overall, the hype aroundecoins has faded, with investor funds now turning to utility-based tokens, such as the DeFi sector, which has seen the best growth since the crash on October 10.

However, this does not mean that memecoins are completely finished. There is a chance that they will recover if market sentiment is positive again.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• AMB Crypto. Is the memecoin frenzy over? Here’s what the data says. Accessed on November 19, 2025