This month, daily memecoin volume dropped to just under $5 billion after peaking at almost $87 billion in 2024, as enthusiasm for these pop-culture crypto tokens waned.
By Shaurya Malwa|Edited by Sheldon Reback
Updated Dec 17, 2025, 10:58 a.m. Published Dec 17, 2025, 8:51 a.m.
Key takeaways:
- Memecoins, once valued at $150 billion at the end of 2024, fell to just over $47 billion by November.
- Dogecoin and a handful of other tokens comprise more than half of the current memecoin market cap.
- Enthusiasm for memecoins plunged over 80% in 2025, leading to significant drops in trading volumes and engagement.
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Bitcoin hovers near critical price safety level that Strategy has already violated
The critical level is the 100-week average, which has halted the downward trend.
Key insights:
- Bitcoin trades around a vital 100-week simple moving average, a crucial support point for bulls.
- Shares of Strategy have already dipped below this average, indicating possible bearish trends for Bitcoin.
- Bulls need to uphold this support to avert further drops, akin to Strategy’s recent setbacks.
