The memecoin market is closing a disastrous 2025.$SHIB 🦊
The market capitalization of the so-called memecoins or meme coins continues in a strong contraction process. Far from being a surprising performance, it is a constant for this sector throughout the year. This visibly contrasts with the numbers from December of last year, when the capitalization of these tokens approached $120 billion. $PEPE 🐸
Although in other years the sector suffered gigantic falls, this time it is striking that the crypto market was in a bullish cycle. The conquest of historical highs of Bitcoin and the overall capitalization of the crypto universe above $4 trillion were not enough to motivate the return of capital to meme coins.$DOGE 🐶
Now that the bearish trend of the crypto world exceeds two consecutive months, the capitalization of memecoins has less chance of recovery. At the time of writing this note, the overall value of these tokens struggles to stay above $38 billion.
The latter represents a drop of -9% over the last 7 days, which is accompanied by a decline of -46.2% in trading volume during the same period. Among the main tokens in the memecoin market, the poor performance of Shiba Inu stands out, whose price plunges to $0.000007734 per token.
In year-on-year terms, the situation worsens. By December 16, 2024, the capitalization of these tokens was at $117 billion. At the current level, this represents a nearly 70% crash, while volume contracts by more than 76%.
