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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

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

Bitget2025/03/05 10:18

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".

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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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