Is the era of Meme Coin over? Here’s how the Meme Coin market will evolve in early 2025

Jakarta, Pintu News – The meme coin market has experienced a sharp decline in recent months, raising serious questions about the future of this once-popular digital asset.

Meme Coin Market Development

In the past 3 months, the meme coin market has experienced a significant decline. The total market capitalization dropped by 56.8%, from a peak of $125 billion on December 5, 2024 to just $54 billion on March 5.

This phenomenon raises doubts about the continued growth of this meme-based crypto asset. In 2024, meme coins could dominate the crypto world with a 500% growth in market capitalization.

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Dogecoin and Shiba Inu slump

Dogecoin DOGE->Current DOGE PriceRp 0Market Cap-Trading Volume-Circulating Supply-, which is a major player in the meme coin market, experienced a 21.7% drop in the last month. This decline reflects the negative trend across the meme coin market.

Shiba Inu SHIB->Current SHIB PriceRp 0Market Cap-Trading Volume-Circulating Supply-, as the second largest player, also did not escape the impact with a 10.6% drop. A similar downward trend occurred in the top 10 meme coins, showing that this is not just an isolated problem to one or two coins.

Decline in Trading Volume and Public Interest

In addition to the drop in capitalization value, meme coin’s trading volume has also decreased by 26.2% in the past month. This adds to concerns about the end of the so-called meme coin “supercycle”.

Data from Google Trends shows a drastic drop in search volume for “meme coin”, from a peak score of 100 in mid-January to just 8 last week. This signals a rapid decline in public interest, along with a decline in market value.

Broader Impact on the Crypto Ecosystem

This decline not only impacts the value of individual coins, but also the platforms and ecosystems that support the growth of meme coins. Many platforms that thrived during the meme coin mania are now feeling the impact of this decline. Skepticism towards meme coins as an asset class seems to be increasing, affecting investor sentiment and overall market participation.

Conclusion: The Future of Meme Coin

With various indicators showing a decline on all fronts, the crypto community may need to re-evaluate the long-term potential of meme coins. While the future is still full of uncertainty, current trends suggest that the era of explosive growth for these coins may be over.

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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 andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• BeInCrypto. Meme Coin Supercycle Over. Accessed on March 6, 2025
• Featured Image: Generated by Ai