According to data aggregation platform CoinMarketCap, meme coins fell to their lowest valuation in 2025 on Friday, with a total market cap dropping to $39.4 billion.
The sector evaporated over $5 billion within 24 hours, despite a 40% increase in trading volume, with the market cap sliding from $44 billion. This marks a significant reversal from the year's peak on January 5, when the total market cap of meme coins reached $116.7 billion. The sell-off on Friday represents a 66.2% pullback from the 2025 high.
This sharp decline reflects a broader downturn in the digital asset market. Data from CoinGecko shows that the total crypto market cap fell from $3.77 trillion on November 1 to $2.96 trillion on Friday, evaporating $800 billion in just three weeks.
At the time of writing, market leader Bitcoin was priced at $82,778, down 14.7% over the past week. Ethereum performed similarly, dropping 16% to $2,688 within the same period.
At the time of writing, the top ten meme coins by valuation were deeply entrenched in a downward trend across major periods, including 1 hour, 24 hours, and 7 days. This indicates a decline in risk appetite within the sector.
The largest meme coins, Dogecoin and Shiba Inu, both recorded double-digit declines, while Pepe Coin, Bonk, and Floki experienced even steeper drops.
Top ten meme coins by market cap. Source: CoinMarketCap
Overall, the declines over the past 7 days ranged from a low of 11% to more than 20%.
The Official Trump meme coin, associated with U.S. President Trump, was the least affected, but still fell 11.65% over the past week. Following that was Dogecoin, down 14.10%, and SPX6900, down 14.26%.
Bonk, Pudgy Penguins, Pepe Coin, and Dogwifhat recorded the steepest weekly declines, all around 20%.
The non-fungible token (NFT) market, another speculative corner of the crypto ecosystem, also faced significant declines alongside meme coins and the broader digital asset market.
CoinGecko data shows that the total market cap of NFTs fell to $2.78 billion on Friday, down 43% from $4.9 billion 30 days ago. This marks the lowest market cap for digital collectibles since April, reflecting a weakening demand for NFTs.
Among the top ten NFT series, most recorded double-digit declines over the past month. The largest drop was seen in Hyperliquid's Hypurr NFTs, which fell 41.1% over 30 days.
Following that were Moonbirds and CryptoPunks, down 32.7% and 27.1%, respectively. Pudgy Penguins also saw a decline of about 26.6% during the same period.
Only two series saw gains against the trend. Infinex Patrons increased by 11.3% over the past 30 days, making it the best performer among the top ten NFT series.
Meanwhile, Autoglyphs remained relatively stable, with only a slight decline of 1.9%, the smallest drop in the group.
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Original article: “Meme Coin Market Hits Lowest Point in 2025, $5 Billion Evaporated in One Day”
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