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

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.