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In the past three weeks, the MEME Coin’s market cap has lost over $ 44 billion, which is printed up to $ 75 billion at a time of printing.
In the past three weeks, the Meme Coin’s market has lost over $ 44 billion, as noted in the recent Cryptopus Crypto Cryptopus cryptopus Cryptopus Post on x. The current market cap of meme coin is around $ 75 billion, which is less than $ 110 billion at the end of December 2024.
This fall comes after a year of unprecedented growth, where meme coins surpassed all other classes of the cryptocurrency of the assets, rose from an estimate of $ 20 billion in January 2024. To $ 120 billion until December, which marked a whopping 500% increase.
A year -round analysis of Binance It was pointed out that meme coins are the best successful cryptocurrency subsector of 2024, getting 212% during the year and dominating the Mindshare market. The leading meme coins are divided between Solana (Sol) and Ethereum (ETH), although Ethereum still had the first three projects, including Dogecoin (Doge). The key initiator of this growth was the success of Pump.fun, a dedicated meme coin that made more than 5.7 million new projects facilitated and generated more than $ 400 million in revenue in 2024.
Does the meme coin sector enter the “bed of disappointment”?
However, after reaching about $ 120 billion at the end of December, the meme coin meme market recorded a sharp return, and the limit of the meme coin meme coin fell to approximately $ 75 billion, according to print time, according to time Co ringecko. This massive decline raises questions about the sustainability of the meme coin and whether the sector enters the new phase.
Ki Young JU, CEO Cryptoquant CEO recently, recently shared his perspective on xdescribing the current state of the meme coin market as “the highlight of inflated expectations”. According to JU, this phase often follows the “bed of disappointment”, where speculative excesses fade before the market stabilizes and finds a sustainable basis.
A recent decline could indicate that the meme coin sector is now entering the “bed of disappointment” phase that Ki Young talked about. However, she believes her that meme coins are unlikely to disappear completely. Instead, he anticipates the procedure of gradual maturation over the next five years, eventually cutting a more fortified role in the cryptocurrency economy.
