From Cointelegraph

March 7, 2025 01:08:52 AM:

Enthusiasm for memecoins has waned due to bad launches and rug pulls, killing investor interest. Pump.fun metrics dropped over 90% post-Libra rug. Memecoin market hit hard post-Trump launch, with Pump.fun volume dropping 63% from Jan to Feb. Total memecoin market cap fell from $124B to $54B. Libra launch saw insiders cash out $107M, wiping out 94% of token value. Ong says memecoins are “seasonal” but some will survive market cycles. Santiment predicts a healthier market cycle as interest shifts back to Bitcoin, Ether, and layer-1 altcoins. Ong speculates a power law scenario where few memecoins endure. Successful memes build passionate communities who create organic content.

Read more at Cointelegraph: Memecoins are likely dead for now, but they’ll be back: CoinGecko