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The market share of meme coins fell to 5.67% after reaching a peak of 9% in November 2024

The market share of meme coins fell to 5.67% after reaching a peak of 9% in November 2024

Bitget2025/03/15 07:45

Odaily Planet Daily reports that Ella Zhang, the director of YZi Labs, shared a set of data on the changing trend of market value ratios between Meme coins and non-Meme coins: After experiencing severe fluctuations, the proportion of Meme coin market value rose from 2.5% in February 2024 to 5% in March, and reached a peak of 9% in November 2024. However, since January 2025, this ratio has begun to decline and fell back to 5.67% by February.

The data shows that the Meme coin market rapidly expanded in the second half of 2024 with its market value reaching $111 billion USD in November accounting for 9% of the non-Meme coin market. But as market sentiment cooled down, this ratio fell back to 7.5% at the beginning of 2025 and further declined to 5.67% by February.

Analysts point out that in long term perspective, focus will still be on fundamental construction rather than short-term speculative behavior; true long-term builders will ultimately prevail.

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.
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