Memecoin Market Craters: Sector Hits Lowest Valuation of 2025

[bonk]

After dominating crypto narratives in 2024, memecoins are deep in a collapse. The sector’s market cap has fallen to $39.4B, the lowest of 2025, with $5B wiped out in a single day. Major tokens are down sharply from their highs: PEPE (-83%), FLOKI (-85%), WIF (-92%), and politically themed coins like TRUMP (-99.6%) have imploded. BONK’s new ETP listing stands out as a rare bright spot amid a brutal memecoin downturn.

[Nahid Hossen]

Memecoins cooling down was overdue—speculation always cycles hard.

[Rimon Khan]

Healthy correction overall; only strong narratives will survive this phase.