CoinGecko: Meme Coins Are in Decline, But They May Revive
Date: 2025-03-07 Author: Henry Casey Categories: CRYPTO PAYMENTS
However, according to CoinGecko analysts, despite the current situation, the market is still able to recover its positions.
Experts noted the influence of such factors as TRUMP and scandals related to LIBRA on the dynamics of this segment. If the "presidential" token and a similar asset from the First Lady of the United States pulled liquidity and attention from the community, then the launch of the token from the Argentine leader Javier Miley finally dispelled the illusions about honest mechanisms for the emergence of new meme coins.
After Pump & Dump LIBRA, the number of new assets on the Pump.fun platform decreased by more than 90%, and the trading volume from January to February fell by 72%. The segment's market capitalization has fallen from $124 billion to $54 billion in three months.
According to experts, meme coins have always been seasonal. Some of them, including DOGE, SHIB, and BONK, have managed to survive several market cycles and can serve as a benchmark for developers looking to create long-term projects.
The CoinGecko report quotes expert Murad Makhmudov, who explained the success of individual meme coins by their close-knit and dedicated communities. The founders of such projects focus on creating unique content that attracts users' attention.
"Attention is a commodity, and low-quality memes will not disappear. Even more successful projects are forced to constantly fight for the audience's interest. Those who succeed have a chance of survival," CoinGecko emphasized.
Analysts predict that in the long term, 99.99% of meme coins will not be able to stay on the market.
Earlier, Messari recorded a drop in trading volumes of these assets on DEX to the lowest level in a year. Bernstein, in turn, expects liquidity to flow from meme coins to DeFi and NFTs, which, in their opinion, will have a positive effect on stablecoins and RWA.
