Memecoin Market Sinks To 2025 Low As $5b Wiped Out In A Day

Both memecoins and NFTs have plunged to their weakest levels since early 2025, with traders pulling back from speculative assets across the board.

Memecoins plunged to their lowest valuation in 2025 on Friday, dropping to a combined market capitalization of $39.4 billion, according to data aggregator CoinMarketCap.

The sector shed over $5 billion in 24 hours, declining from $44 billion despite a 40% increase in trading volume. This marks a big reversal from the year’s peak on Jan. 5, when the memecoin market cap collectively hit a high of $116.7 billion. Friday’s rout marks a 66.2% drawdown from the 2025 high.

The sharp sell-off mirrors a broader decline across the digital asset market. CoinGecko data shows that the total crypto market cap fell from $3.77 trillion on Nov. 1 to $2.96 trillion on Friday, wiping out $800 billion in just three weeks.

At the time of writing, Bitcoin (BTC), the market’s top asset, traded at $82,778, down 14.7% over the past week. Ether (ETH) showed similar losses, falling 16% to $2,688 over the seven-day period.

At the time of writing, the top 10 memecoins by valuation are deep in the red across every major time frame, including the 1-hour, 24-hour and seven-day charts. This suggests that the risk appetite in the sector declined.

The biggest memecoins, Dogecoin (DOGE) and Shiba Inu (SHIB), posted double-digit losses, while tokens like Pepe (PEPE), Bonk (BONK) and Floki (FLOKI) saw even steeper declines.

Across the board, seven-day drops ranged from 11% on the low end to over 20% for the tokens hit the hardest.

United States President Donald Trump’s Official Trump (TRUMP) memecoin was the least affected, but still slid 11.65% over the past week. The token is followed by Dogecoin, which declined 14.10% and SPX6900, which lost 14.26% in value.

Bonk, Pudgy Penguiins (PENGU), Pepe and Dogwifhat (WIF) recorded the deepest weekly losses at about 20% each.

Source: CoinTelegraph