- Alas, the TRUMP and MELANIA tokens have met with a most unfortunate fate, plummeting over 75% and 90% of their once lofty heights, thus revealing the capricious nature of memecoins.
- The entire memecoin market has suffered a grievous loss of nearly $70 billion, with trading volume diminishing by 15.56%, suggesting that retail interest has all but evaporated like a poorly planned soirée.
In the early days of February 2025, the memecoins sector experienced a most distressing downturn, with several illustrious tokens suffering grievous losses.
Among the most beleaguered were the Official Trump [TRUMP], Official Melania Meme [MELANIA], and the rather amusing Fartcoin [FARTCOIN], each losing over 50% of their value in a most alarming fashion.
This precipitous decline coincides with a broader market cooldown, as the once fervent speculative frenzy surrounding memecoins has begun to wane, much like the enthusiasm for a tedious novel.
TRUMP and MELANIA tokens tumble hard
The TRUMP token, which had basked in the glow of massive gains in January, has now lost over 75% of its peak value, erasing approximately $11 billion as if it were a mere trifle.
In a more dramatic turn of events, MELANIA has suffered an even steeper decline, plummeting by a staggering 90% from its all-time high.
This extreme volatility serves as a stark reminder of the speculative nature of these politically themed tokens, which, having surged in popularity, have now lost their luster as traders hastily cashed out their gains, much like guests fleeing a dull gathering.
Fartcoin wipes out over half of its market cap
Fartcoin [FART], another memecoin that briefly captured the public’s fancy in early 2025, has also found itself ensnared in this unfortunate downturn.
Once reaching a high of $2.75, it has since plummeted to a mere $0.50, marking a decline of over 80%. This sharp drop reflects a waning demand and a general cooling of the hype-driven trading that once characterized the sector.
Broader memecoin market loses nearly $70 billion
The misfortune is not confined to a select few tokens. The entire memecoin market has contracted significantly, with its total capitalization diminishing by 46% over the past two months.
From a lofty $137 billion, the market cap has now dwindled to a mere $74 billion.
As of this moment, the chart reveals a 30.58% decline in market cap over the past 30 days, alongside a 15.56% drop in trading volume.
These figures suggest that enthusiasm for speculative digital assets is fading, leading to widespread sell-offs across the sector, much like the departure of guests from a tiresome ball.
What’s causing the crash?
Several factors have conspired to bring about this widespread downturn.
Profit-taking among early investors, a diminishing retail interest, and concerns regarding the sustainability of memecoin valuations have all played their part in this tragic tale.
Many traders, who once flocked to these assets with the fervor of a debutante at her first ball, have begun to shift their focus to more established cryptocurrencies, resulting in liquidity shortages and sharp price declines.
Is a recovery possible?
Despite the current dismal state of affairs, some analysts posit that memecoins may yet see a resurgence should broader market conditions improve. Historically, speculative assets have demonstrated a remarkable ability to rebound following periods of correction, much like a phoenix rising
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2025-02-10 21:17