Meme coin market value has fallen 59% from last year's high, and analysts believe that traders are tired of it

Odaily News Most meme coins have fallen since entering 2025, and the controversy and scandals surrounding some coins have had a negative impact on the entire cryptocurrency market. The market value of meme coins peaked on December 8 last year at $137 billion, but as of Wednesday it had fallen 59% to about $56.2 billion (currently rebounded slightly by 1.4% to about $64.25 billion).
Alice Liu, head of research at CoinMarketCap, pointed out: "The decline of Meme Coin is because people are tired of it because they think the game is rigged. The original idea of Meme Coin was a fair launch: everyone has a chance to participate... Even if you don't have cryptocurrency resources or insider information, you can get 10 times or even 100 times the opportunity, but now this is becoming less and less common." (morningstar)