The memecoin market has become the epicenter of the recent crypto downturn, sinking to a 2025 low with a dramatic 66.2% drawdown from its peak.
On Friday, the sector’s valuation fell to $39.4 billion, shedding $5 billion in 24 hours despite higher trading volume—a classic sign of a capitulation event.
This underperformance highlights the sector’s extreme volatility and fading risk appetite among traders. While the entire digital asset market has bled $800 billion, memecoins have fallen further and faster.
The top tokens, including Dogecoin and Shiba Inu, saw seven-day losses ranging from 14% to over 20%, far steeper than the declines in major assets like Bitcoin and Ether.
