ChainCatcher reports that according to 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. The total market cap plummeted from $93.1 billion in January 2025 to $36.5 billion in January 2026, a decline of approximately 61%.
Trading volume sharply dropped from a peak of nearly $20 billion in mid-2025 to less than $3 billion in December, currently rebounding slightly 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 a combined 84% of the total meme coin market cap. The daily active wallet registrations on Solana’s launchpad pumpfun decreased by 66%.
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