Memecoin market sinks to 2025 low as $5B wiped out in a day

Memecoins plunged to their lowest valuation successful 2025 connected Friday, dropping to a combined marketplace capitalization of $39.4 billion, according to information aggregator CoinMarketCap. 

The assemblage shed implicit $5 cardinal successful 24 hours, declining from $44 cardinal contempt a 40% summation successful trading volume. This marks a large reversal from the year’s highest connected Jan. 5, erstwhile the memecoin marketplace headdress collectively deed a precocious of $116.7 billion. Friday’s rout marks a 66.2% drawdown from the 2025 high. 

The crisp sell-off mirrors a broader diminution crossed the integer plus market. CoinGecko information shows that the full crypto marketplace headdress fell from $3.77 trillion connected Nov. 1 to $2.96 trillion connected Friday, wiping retired $800 cardinal successful conscionable 3 weeks. 

At the clip of writing, Bitcoin (BTC), the market’s apical asset, traded astatine $82,778, down 14.7% implicit the past week. Ether (ETH) showed akin losses, falling 16% to $2,688 implicit the seven-day period.

Memecoin marketplace capitalization one-year chart. Source: CoinMarketCap

Top memecoins bleed crossed each timeframes

At the clip of writing, the apical 10 memecoins by valuation are heavy successful the reddish crossed each large clip frame, including the 1-hour, 24-hour and seven-day charts. This suggests that the hazard appetite successful the assemblage declined. 

The biggest memecoins, Dogecoin (DOGE) and Shiba Inu (SHIB), posted double-digit losses, portion tokens similar Pepe (PEPE), Bonk (BONK) and Floki (FLOKI) saw adjacent steeper declines. 

Top 10 memecoins by marketplace capitalization. Source: CoinMarketCap

Across the board, seven-day drops ranged from 11% connected the debased extremity to implicit 20% for the tokens deed the hardest. 

United States President Donald Trump’s Official Trump (TRUMP) memecoin was the slightest affected, but inactive slid 11.65% implicit the past week. The token is followed by Dogecoin, which declined 14.10% and SPX6900, which mislaid 14.26% successful value.

Bonk, Pudgy Penguiins (PENGU), Pepe and Dogwifhat (WIF) recorded the deepest play losses astatine astir 20% each. 

Related: BlackRock Bitcoin ETF sheds $2.47B successful November arsenic outflows deed grounds $3.79B

NFTs descent to lowest valuation since April

The non-fungible token (NFT) market, different speculative country of the crypto ecosystem, besides faced steep losses alongside memecoins and broader integer assets. 

CoinGeko information shows that the NFT marketplace headdress fell to $2.78 cardinal connected Friday, down 43% from its $4.9 cardinal valuation 30 days ago. The fig represents the lowest marketplace headdress for integer collectibles since April, reflecting a fading request for NFTs. 

NFT marketplace capitalization successful 2025. Source: CoinGecko

A bulk of the apical 10 NFT collections posted double-digit declines successful the past month. The biggest loser was Hyperliquid’s Hypurr NFTs, dropping 41.1% successful 30 days.

It was followed by Moonbirds and CryptoPunks, which posted a 32.7% and 27.1% loss, respectively. Pudgy Penguins besides mislaid astir 26.6% successful the aforesaid clip frame. 

Only 2 collections bucked the sector-wide slump. Infinex Patrons posted an 11.3% summation successful the past 30 days, making it the champion performer among the apical 10 NFT collections.

Meanwhile, Autoglyphs held comparatively dependable with lone a 1.9% loss, the smallest diminution among the group. 

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