Zeta Markets Joint Creation: After experiencing a major sell-off, the meme coin market will focus on leading projects, while other currencies will gradually lose attention
According to CoinTelegraph, the meme coin market has erased all gains since President Trump's election victory, evaporating more than half of its market value since December last year. Data from CoinMarketCap shows that the total market value of meme coins fell from $124 billion on December 5, 2024, to $54 billion on March 5, 2025, a drop of 56%.
The meme coin market gradually declined after reaching a historical peak of $137 billion on December 8, 2024. Although there was a brief rebound during the issuance of meme coins by Trump and First Lady Melania in January, the overall trend is still downward. Industry observers attribute this large-scale decline to factors such as global economic instability, lack of regulation for meme coins, insider trading scandals and endorsements by public figures.
Anmol Singh, co-founder of Zeta Markets said "the bubble for Meme Coins has burst", citing reasons including economic uncertainty under Trump's administration; combination of US economy and foreign policies; and excessive participation by celebrities and social media influencers. Singh predicts that after significant sell-offs,the focus may shift towards major Meme Coins like Dogecoin , Pepe , Bonk , Dogwifhat and TRUMP while "other currencies will gradually lose attention".
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Returns Reliant on Major Days -- Market Talk
1105 ET - Bitcoin's strong year-over-year returns are more linked to single days of strong moves, according to Zach Pandl of Grayscale in a note. Pandl says removing bitcoin's five best trading days reduces its three-year return from 225% to 95%, with the return falling to 27% without its 10 best days. If you remove the top fifteen days, it turns a three-year gain into an 11% loss. By comparison, removing the Nasdaq's fifteen best days reduces its cumulative return from 109% to 21%. "Given BTC's return and volatility profile, investors looking for long-term capital appreciation can avoid trying to time the market and instead seek consistent, long-term exposure to the asset," Pandl says. Bitcoin is down 0.2% to $85,610, while ethereum falls 0.2% to $2,701. (kirk.maltais@wsj.com) (END) Dow Jones Newswires October 05, 2026 11:05 ET (15:05 GMT)
Indonesian Rupiah: Limited relief, challenging backdrop – OCBC
Buying Wind in the Cryptocurrency Market! Significant Activity in Bitcoin, Ethereum, and Solana! Here are the Details…
Hulamin says Paul Baloyi resigns as independent non-executive director
Hulamin said independent non-executive director Paul Baloyi resigned, effective Oct. 2, 2026. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hulamin Ltd. published the original content used to generate this news brief via SENS, the regulatory disclosure system operated by the Johannesburg Securities Exchange (JSE) (Ref. ID: S604350), on October 05, 2026, and is solely responsible for the information contained therein.
Crypto prices
More
