In the last three months, the breast coin market has experienced a sharp decline. In this period, the total market value fell by approximately 57 percent. This sharp decline raised questions about whether the explosive growth period has ended for these crypto beings.
There was a sharp decrease in the breast coin market!
Kriptokoin.comAs you have followed, Memecoins have experienced a huge increase in their popularity during 2024. Throughout the year, the total market value jumped by 500 %, as the Memecoin narrative dominated the crypto field. According to the Coingecko report, breast coins were the most popular crypto trend in 2024. They made up 14.3 %of the total narrative interest, which increased from 8.3 %in 2023.
However, the latest developments offer an opposite narrative. An Analyst X has experienced a significant decrease in the market value since December. This is not worth investing in the weakest narrative and money, ”he wrote. As of March 5, the latest data showed that the total Memecoin market value fell to $ 54 billion. This represents a decrease of 56.8 %from the $ 125 billion summit on December 5, 2024.
Breast Coin Performance. Source: coinmarketcapDid the breast coin super cycle end?
Processing volumes also received a blow and only fell 26.2 %last month. This increased concerns about the “Breast Coin Super Cycle”. Crypto analyst Lark Davis said, “This is the end of the Memecoin super cycle?” he asked. A Memecoin super cycle refers to a long rapid growth and speculation period in breast -based crypto currencies. However, with the decreasing figures, the community is now struggling for fear that swallowing may be reduced forever.
Dogecoin (DEGE), which constitutes almost half of the total breast coin market value, fell by 21.7 %last month. The decline is not limited to Dogge. Shiba Inu (SHIB), the second largest breast coin, also experienced a significant decline. It depreciated by 10.6 %last month. Similar tendencies were observed in the entire 10 breast coin.
Elon Musk, a fan of Dogecoin, turned his back on the breast coins!
The decline does not only affect individual token; As a whole, the skepticism of breast coins seems to be increasing. For example, Elon Musk, one of the biggest supporters of Doge, has recently compared the breast coins to “casinos .. He also warned that they do not invest their savings in these money. Meanwhile, Bitwise CIO Matt Hougan said that the moment was the end of the breast coin explosion ”.
Google Trends data also supports that this fury is reduced. The search volume for “Memecoin ına fell to only 8 last week from the 100 summit score in the middle of January. This shows that the enthusiasm of the people has decreased as rapidly as increased. The effect of this decline is felt throughout the ecosystem, especially on the platforms that develop during the memecoin craze. Pump.fun, a popular memecoin launching ramp, fell to $ 814 million in January 2025, which was $ 3.3 billion. This points to a surprising decline of 75.3 %.
