Memecoins go from Christmas cheer to cold reality, sinking 65% in a year
Memecoins fell 65% year-on-year as speculative fervor that peaked around late 2024 collapsed into a steep market contraction by late 2025. The sector’s market capitalization dropped from about $150.6 billion at its peak to roughly $39.4 billion by November 2025, pushing investors away from joke-driven tokens.