In 2025, the market value of meme coins plummeted by over 60%, with trading volume dropping to 3 billion dollars

According to the analysis platform BestBrokers, despite the overall cryptocurrency market capitalization remaining above $3 trillion and briefly touching $4 trillion, meme coins faced a severe blow in 2025, with the total market cap plummeting from $93.1 billion in January 2025 to $36.5 billion in January 2026, a decline of about 61%.

Trading volume dropped sharply from a peak of nearly $20 billion in mid-2025 to less than $3 billion in December, currently slightly recovering to $3.4 billion. Over 13 million meme coins were launched in 2025, but most failed to maintain their value. The market is highly concentrated, with Dogecoin and Shiba Inu accounting for 84% of the total market cap of meme coins. The daily active wallet registrations on the Solana chain launchpad pumpfun decreased by 66%.