Memecoin boom turns into capitulation one year after $150 billion market peak
Market Intelligence Analysis
AI-PoweredThe memecoin market has experienced a significant decline, with daily trading volumes dropping to just under $5 billion after a peak of $150 billion last year. This sharp decrease indicates a loss of interest and potential capitulation among investors in the memecoin sector.
Market impact analysis based on bearish sentiment with 81% confidence.
Article Context
Daily memecoin volume slumped to just under $5 billion this month after surging more than 760% to near $87 billion in 2024 as interest in the pop-culture crypto tokens evaporated.
Analysis and insights provided by AnalystMarkets AI.