Close Menu
Cryprovideos
    What's Hot

    EU Eyes DeFi Guidelines With out Defining What It Is

    June 8, 2025

    Fartcoin Worth Prediction – $FARTCOIN Itemizing on Coinbase Quickly, Will Solaxy Be Subsequent?

    June 8, 2025

    Bitcoin Historic Knowledge Factors To Imminent 62% Worth Surge – Analyst

    June 8, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Markets»Memecoin Market Faces Sharp Decline Regardless of Document Beneficial properties for Merchants
    Memecoin Market Faces Sharp Decline Regardless of Document Beneficial properties for Merchants
    Markets

    Memecoin Market Faces Sharp Decline Regardless of Document Beneficial properties for Merchants

    By Crypto EditorDecember 29, 2024No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    The memecoin market skilled a pointy decline in December, shedding almost 30% of its general worth, signaling lowered momentum and curiosity in meme-themed tokens.

    The market capitalization of memecoins stood at $120.14 billion on December 1. This determine briefly rose to $137.06 billion on December 9 earlier than plummeting to $92.67 billion by December 23, marking a considerable 32.38% drop throughout the month. Presently, the market cap sits at $98.72 billion, representing an 18% lower from the month’s begin.

    Pepe, the third-largest memecoin by market capitalization, mirrored this volatility. Latest information highlighted its rise to $0.000026 on December 9 earlier than retreating to $0.000017 on December 20. A notable enhance for Pepe got here from its December 4 itemizing on Binance.US, which led to a surge in its worth and market cap.

    Following the itemizing, Pepe briefly outpaced Uniswap’s token UNI in market capitalization, reaching a staggering $11 billion valuation. This marked an 18-fold enhance because the begin of the yr when its market cap was roughly $591 million.

    The memecoin craze additionally resulted in extraordinary beneficial properties for sure merchants. In a single occasion, a dealer who initially spent $3,000 on Pepe in April noticed their holdings balloon to $46 million after the token’s worth soared by over 15,000 occasions inside a month. One other dealer, who invested simply $27 in Pepe, reactivated their dormant pockets after 600 days, transferring tokens now value $52 million—a exceptional 1,900,000x return, as reported by Lookonchain.

    Regardless of these particular person success tales, the numerous market decline in December raises questions concerning the sustainability of the so-called “memecoin supercycle.”

    Memecoin Market Faces Sharp Decline Regardless of Document Beneficial properties for Merchants





    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    UBS Analyst Cuts Worth Goal for Billionaire Warren Buffett’s Berkshire Hathaway – Right here’s Why – The Every day Hodl

    June 8, 2025

    Nearly Zero? Shiba Inu Whale Inflows Present Stunning Pattern

    June 7, 2025

    T-Cellular Prospects Start Receiving $350,000,000 Payout After Main Hack and Class Motion Settlement – The Day by day Hodl

    June 7, 2025

    NVIDIA Unveils Nemotron-H Reasoning Fashions for Enhanced Throughput

    June 7, 2025
    Latest Posts

    Bitcoin Historic Knowledge Factors To Imminent 62% Worth Surge – Analyst

    June 8, 2025

    Metaplanet ups 2026 Bitcoin goal, James Wynn loses $25M BTC: Hodler’s Digest, June 1 – 7

    June 8, 2025

    Crypto Analyst Says This Bitcoin High Sign Hasn’t Gone Off But — What To Know

    June 8, 2025

    The 'Bitcoin Household' has cut up and hidden seed phrase throughout 4 continents amid rising kidnappings

    June 7, 2025

    Glassnode Mannequin Alerts Bitcoin Correction Forward: Right here Are 2 Ranges To Watch

    June 7, 2025

    Can Bitcoin Value Bounce To $120,000 Or Will It Break Under $100,000?

    June 7, 2025

    Metaplanet Goals to Maintain 1% of All Bitcoin

    June 7, 2025

    Whale and Miner Information Reveal Bitcoin’s Subsequent Transfer | Weekly Whale Watch

    June 7, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Unique Pudgy Penguins Artist Finds 'Freedom' With New Berachain NFT Assortment – Decrypt

    February 21, 2025

    Donald Trump Jr. Slams TRUMP Crypto Pockets—Confirms World Liberty Monetary Pockets Coming Quickly – BlockNews

    June 3, 2025

    EU Sanctions Crypto Trade Garantex – Is Finest Pockets Token the Finest Crypto to Purchase Now?

    March 5, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.