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The Memecoin market cools down: Sharp decline and comprehensive impact on cryptocurrencies
This 90% drop clearly reflects the volatility in the memecoin sector, which often lacks core value factors and mainly relies on motivation from social networks as well as the enthusiasm of the community. The assets with the largest proportion in this index -- including Shiba Inu, Dogecoin, Pepe, and Trump tokens -- all face significant selling pressure as speculative traders exit the market.
However, the decline is not only limited to memecoins. Data from the chart shows that all GMCI indicators have been trending downward since the beginning of 2025, albeit to varying degrees. While the AI and GMCI30 indicators demonstrate better resilience with moderate declines, the GMCI12 and DeFi indicators are plummeting more steeply, following concerning trajectories.
The changes in the market landscape are also reflected in the activity indicators on meme coin launching platforms. Pump.fun, once considered the focal point of speculative trading, has now witnessed daily revenue drop below 1 million USD, indicating waning interest in new token issuances. This marks a significant shift from the platform's peak period, when it consistently generated daily revenues in the millions of USD.
Disclaimer: This article is for informational purposes only, not investment advice. Investors should thoroughly research before making decisions. We are not responsible for your investment decisions
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