2025-12-26 16:22:47

The meme coin market in 2025 has been tumultuous. Data shows that a total of 13 million meme coins were launched on-chain throughout the year, but this did not support market prosperity. On the contrary, the overall market capitalization dropped from the beginning of the year to $38.3 billion, a decline of 62%. Trading activity also suffered setbacks, with daily trading volume halving to below $3 billion, a 76% decrease month-over-month — a figure that clearly indicates the sluggishness of market participation.

Among them, Pump.fun, as a representative launchpad for meme coins, performed "strongly" this year despite the overall market pressure. Meanwhile, DOGE, as a veteran meme coin, rode on numerous hot news and even appeared frequently in high-level events, attempting to break through the label ceiling of a pure meme coin. This reflects an interesting phenomenon in the meme coin market: pure trading enthusiasm is waning, but brand effects and market narratives are continuously evolving. Seasonal fluctuations, cooling market sentiment, and the diversion of speculative funds are all shaping this rapidly changing ecosystem.

MEME0,62%

DOGE0,26%

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LiquidityWhisperer

· 12-29 13:28

A 62% drop is truly astonishing. The result of launching 13 million new tokens is still the same... indicating that everyone is discerning now.

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CountdownToBroke

· 12-26 16:51

Damn, the launch of 13 million meme coins still resulted in a 62% drop. This is unbelievable. What’s so strong about Pump.fun? Why are my coins still in the green? Is DOGE about to turn positive? Jumping on political hot topics is indeed clever. Wait, trading volume halved by 76%? Does that mean all my orders from last month got wiped out? Can brand effect be enough to make a living? I just want to break even now.

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SnapshotLaborer

· 12-26 16:48

13 million new coins launched and still dropped 62%, this is a clear signal of clearing out the market Pump.fun dominates alone, retail investors lose everything, a classic pump-and-dump pattern DOGE relies on hot topics to sustain itself, without real applications it's ultimately a bubble Daily trading volume halved by 76%, this is the real situation, the hype has long faded Is the market narrative evolving? Basically, no one is playing anymore, just changing the story Tokens on Pump skyrocket overnight and then zero out overnight, I've seen too many cases It feels like meme coins have become a slaughterhouse for speculators, retail investors keep pouring in Can brand effects be a sustainable livelihood? It's just institutions taking profits and then running away 1300 million new coins, not a single one has survived more than three months, wasting on-chain space

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LiquidationOracle

· 12-26 16:24

13 million meme coins launched but can't sustain the market, this is ridiculous, feels like cannon fodder Pump.fun is still holding on, but halving the trading volume is really shocking, is anyone still buying the dip? DOGE relies on riding hot topics to survive, ironically it's thriving the most while others have died out What does a 62% drop mean? Everyone who invested probably lost everything haha Is the narrative evolving? Basically, it means no one is playing anymore, just a different way of saying it An average daily trading volume of 3 billion, this data really looks uncomfortable Are meme coins dead? Feels like no new coins have gained popularity this year

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