Meme Coins Have Lost Nearly 82% of Their Value Since 2024

The sector’s losses have been broad-based, affecting each established names like Dogecoin in addition to a lot newer entrants.

Meme cash have been on a foul run since they peaked in 2024, with knowledge from CryptoRank displaying they’ve collectively misplaced greater than $110 billion from then to now.

In response to the information, this yr alone, the sector has dipped 31%, taking its mixed worth to round $24.5 billion, with repeated makes an attempt at restoration barely holding.

Meme Coin Market Struggles to Get better From 2024 Peak

At its top in 2024, the joke token market stood at $135 billion, however what got here after that was a prolonged unwind that no single bounce has been capable of actually make any dent on, leading to meme coin merchants giving again the overwhelming majority of features that they had accrued since then. This was confirmed by CryptoRank analysts, who wrote in a put up on X:

“Regardless of a number of rebounds all through 2025, the meme coin market has been unable to regain the momentum of the earlier cycle.”

Dogecoin (DOGE) remains to be the largest participant within the house, with a market cap of round $13.7 billion that additionally places it simply outdoors the highest ten within the broader crypto market. Nonetheless, per data from CryptoRank, it has fallen 20.5% within the final 30 days alone, with the second largest, Shiba Inu (SHIB), down nearly 14% to take its total worth to about $3 billion. The opposite large identify right here is PEPE, price roughly $1.25 billion all advised, after slumping by over 21% in a single month and 74% in 12.

Additional down the listing, cash like Bonk, Fartcoin, and dogwifhat (WIF) have misplaced between 15% and 30% throughout 4 weeks, whereas Official Trump (TRUMP) is within the purple by 12.2% and was buying and selling under $2 on the time of writing. Amongst them, the one which has misplaced the least in a single yr is Bonk at 69%, and the worst hit is Fartcoin at simply over 89%, though it has had one of many higher 24 hours, gaining practically 5% since yesterday.

Nonetheless, the story isn’t the identical in all places, as some meme tokens, like Kintara (KINS) and the so-called Unique Doge (OGDOGE), have skyrocketed by 2,664% and 1,765%, respectively, over 30 days, though they’re each manner smaller than the sector’s main names, with their mixed market caps barely scratching $20 million.

Dogecoin Is the Meme Coin Bellweather

Of the $24.5 billion that CryptoRank says the meme coin sector is at present valued at, DOGE’s $13.7 billion accounts for over half of that. And despite the fact that it’s misplaced over 50% of its worth from one yr in the past, per CoinGecko knowledge, that has not stopped some analysts from making a case for it.

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In response to Alphractal, the king meme coin has been buying and selling close to a stage that has traditionally been adopted by large worth features, with the crypto market intelligence supplier saying the present market temper is unusually pessimistic:

“The market is studying DOGE as a useless meme. The chart is studying it as a coiled spring.”