Over 44 billion erased from memecoin markets in the last 3 weeks

This decline comes after a year of unprecedented mere coins surpassed by all other classes of CRIPTO ASSET, which has evaluated to $ 20 billion by 2024. To $ 120 billion to December, marking 500% increased.

All year old analysis from binance stressed that Meme coins They were the best Cottage Cast in 2024. years, receiving 212% compared to the year and dominated Markshare. Leading matches for memes were divided between Solana (Salt) and Etherum (El), although Ethers still held the first three projects, including Dogecoin (Exaggerate). The key driver of this growth is a success Pump.funLanderpad for a dedicated mema launch, which facilitated over 5.7 million new projects and achieved more than $ 400 million in revenue in 2024. Years.

Is the meme coin sector that enters “benefit to disappoint”?

However, after the peak of about $ 120 billion in late December, the coin Memakers saw a strong pull, with Mema Market, the passage market to about $ 75 billion, based on the time for printing Coongecko. This massive decline increases issues on the sustainability of Meme Banja and whether the sector enters a new phase.

Ki Young Ju, General Manager of Kryptoquant, Recently She shared his perspective on Kwhich describes the current state of a memorar market as a “peak of inflated expectations”. According to it, this phase often follows “disappointment troughs”, where speculative surpluses fade before the market stabilizes and finds a sustainable leg.

The recent decline could indicate that the meme forging sector now enters “the troughs of the desiluination” phase that Young spoke it. However, it believes that Meme coins are unlikely to disappear. Instead, it envisages a gradual maturation process over the next five years, at the end of the carvage of a more established role in the crypt’s economy.