Memecoin boom turns into capitulation one year after $150 billion market peak

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Memecoin boom turns into capitulation one year after $150 billion market peak Daily memecoin volume slumped to just under $5 billion this month after surging more than 760% to near $87 billion in 2024 as interest in the pop-culture crypto tokens evaporated. By Shaurya Malwa | Edited by Sheldon Reback Updated Dec 17, 2025, 10:58 a.m. Published Dec 17, 2025, 8:51 a.m. Interest in memecoins evaporated this year. (Anjo Clacino/Unsplash, modified by CoinDesk) What to know : Memecoins, valued at $150 billion at the end of 2024, slid to just over $47 billion by November. Dogecoin and a few other tokens make up more than half of the current memecoin market capitalization. Interest in memecoins plummeted more than 80% in 2025, with trading volumes and engagement dropping significantly. Markets memecoins More For You Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus What to know : As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B. View Full Report More For You Bitcoin trades near key price safety net that Strategy already breached By Omkar Godbole | Edited by Sam Reynolds 3 hours ago The safety net is the 100-week average, which has stalled the downtrend. What to know : Bitcoin trades near a critical 100-week simple moving average, a key support level for bulls. Strategy shares have already fallen below this average, signaling potential bearish trends for bitcoin. Bulls must defend this support to prevent further declines similar to Strategy's recent losses. Read full story Latest Crypto News Bhutan commits up to 10,000 bitcoin to back new mindfulness-based economic hub 45 minutes ago Bitcoin trades near key price safety net that Strategy already breached 3 hours ago Bitcoin slides with ether and XRP as market tests $3 trillion floor 5 hours ago Grayscale outlines top crypto investing themes for 2026 as institutional adoption grows 5 hours ago DOGE exits range as selling pressure builds at key levels 6 hours ago Why XRP’s drop below $1.93 shifts short-term market structure 6 hours ago Top Stories Bitcoin slides with ether and XRP as market tests $3 trillion floor 5 hours ago U.S. FDIC proposes first U.S. stablecoin rule to emerge from GENIUS Act 18 hours ago Grayscale outlines top crypto investing themes for 2026 as institutional adoption grows 5 hours ago U.S. Senate's Warren asks for Trump-tied crypto probe as market structure bill drags 17 hours ago Bhutan commits up to 10,000 bitcoin to back new mindfulness-based economic hub 45 minutes ago Bitcoin trades near key price safety net that Strategy already breached 3 hours ago