Meme coin’s market capitalization hit a high of 9% in November 2024 and then fell back to 5.67%

Odaily News Ella Zhang, director of YZi Labs, shared a set of data on the changing trend of the market value ratio of Meme coins to non-Meme coins: After experiencing dramatic fluctuations, the market value of Meme coins rose from 2.5% in February 2024 to 5% in March, and reached a peak of 9% in November 2024. However, since January 2025, the ratio has begun to decline, and has fallen back to 5.67% in February.
Data shows that the Meme coin market expanded rapidly in the second half of 2024, with its market value reaching $111 billion in November 2024, accounting for 9% of the non-Meme coin market. However, as market sentiment cooled, the proportion fell back to 7.5% in early 2025 and further dropped to 5.67% in February.
The analysis points out that in the long run, the market will still focus on fundamental construction rather than short-term speculation, and real long-term builders will ultimately win.