Memebi Market Cap dropped 59% from last year's high, analysts believe traders are feeling tired

Odaily Planet Daily News Most Meme coins have experienced a decline after 2025, controversies and scandals surrounding certain coins have had a negative impact on the entire cryptocurrency market. The Market Cap of Meme coins reached its peak on December 8 last year, at $137 billion, but has since fallen by 59% to around $56.2 billion as of Wednesday (currently a slight 1.4% rebound to around $64.25 billion). CoinMarketCap's research director Alice Liu pointed out: "The decline of Meme coin is because people are feeling tired, as they think the game has been manipulated. The original idea of meme coin was a fair launch: everyone had the opportunity to participate... Even if you don't have Crypto Assets resources or insider information, you can still have a chance to get 10 times or even 100 times, but now this situation is becoming less common." (morningstar)