Memecoin market crashes, blaming economic volatility, lack of regulation, insider trading, and celebrity endorsements.

From CoinTelegraph
March 5, 2025 4:50 AM:

The memecoin market has plummeted, erasing gains made post-Trump’s victory. Total market capitalization stands at $54 billion, down 56% from its peak of $137 billion. Industry observers blame global economic volatility, lack of regulation, insider trading, and celebrity endorsements. Major memecoins like Dogecoin are expected to dominate, with others fading out. Dogecoin leads at 53% dominance, followed by SHIB and PEPE. Tron founder Justin Sun believes memecoins are the future but advises focusing on established ones like DOGE.

Read more at Cointelegraph: Memecoin market crashes 56% since December peak amid fading hype