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min read 17 Mar 2025

The death of memecoins: 2025 wipes out 2024 revenues

By Davide Grammatica

The exodus of speculative investors seems to have annihilated the memecoin sector, which is the first to feel the consequences of market uncertainty

The death of memecoins: 2025 wipes out 2024 revenues

The dramatic numbers of the meme sector

If 2024 had been one of the most prosperous periods for the memecoin sector, it didn’t take long for 2025 to erase all the progress made.

As we know, the decline is generalized for all crypto sub-categories, but memecoins seem to have taken (first) the hardest hit. According to data from The Block, we are talking about a dramatic reversal of the trend, causing the entire ecosystem, which grew by 550% in 2024, to lose over 90% of its value.

Some would say that this is the norm for a sector in which volatility is the norm, but few would have expected such a sudden drop. This is especially true for the main players, namely Shiba Inu, Dogecoin and Pepe, and especially $TRUMP, whose arrival coincided with the sector’s heyday (and the beginning of its end).

The collapse also affected other sectors that rode the wave of hype last year, starting with crypto-AI, but these sectors still showed greater resilience, following less steep trajectories.

Where have the degen gone?

Clearly, macroeconomic uncertainty has primarily affected the riskiest assets (among those that were already risky), while revealing that the memecoin world was not exclusively the domain of the degen.

While there are still some investors who are confident in an upturn or a trend reversal, a further tombstone comes from the data of the platforms. In particular, from the launchpads, and starting with Pump.fun, which in recent months has been the home of all speculators on Solana.

Its daily revenues have fallen below $1 million, and interest in new tokens seems to have suddenly vanished. This too, in short, is a symptom of a world that has suddenly shrunk, and is incomparable to that of a few months ago, when the platform generated several million dollars in daily commissions.

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bitcoin
Bitcoin (BTC) $ 82,562.12
ethereum
Ethereum (ETH) $ 1,891.54
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.27
bnb
BNB (BNB) $ 631.54
solana
Solana (SOL) $ 123.79
usd-coin
USDC (USDC) $ 1.00
cardano
Cardano (ADA) $ 0.701839
dogecoin
Dogecoin (DOGE) $ 0.166396
tron
TRON (TRX) $ 0.224300
staked-ether
Lido Staked Ether (STETH) $ 1,889.77
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 82,489.10
leo-token
LEO Token (LEO) $ 9.76
chainlink
Chainlink (LINK) $ 13.78
the-open-network
Toncoin (TON) $ 3.52
usds
USDS (USDS) $ 0.999874
stellar
Stellar (XLM) $ 0.268474
wrapped-steth
Wrapped stETH (WSTETH) $ 2,265.28
hedera-hashgraph
Hedera (HBAR) $ 0.186002
avalanche-2
Avalanche (AVAX) $ 18.85
pi-network
Pi Network (PI) $ 1.13
shiba-inu
Shiba Inu (SHIB) $ 0.000013
sui
Sui (SUI) $ 2.27
mantra-dao
MANTRA (OM) $ 7.03
litecoin
Litecoin (LTC) $ 88.72
bitcoin-cash
Bitcoin Cash (BCH) $ 337.81
polkadot
Polkadot (DOT) $ 4.26
ethena-usde
Ethena USDe (USDE) $ 1.00
bitget-token
Bitget Token (BGB) $ 4.48
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999663
weth
WETH (WETH) $ 1,892.00
hyperliquid
Hyperliquid (HYPE) $ 13.36
whitebit
WhiteBIT Coin (WBT) $ 28.38
wrapped-eeth
Wrapped eETH (WEETH) $ 2,011.42
monero
Monero (XMR) $ 209.92
uniswap
Uniswap (UNI) $ 6.20
susds
sUSDS (SUSDS) $ 1.04
aptos
Aptos (APT) $ 5.36
dai
Dai (DAI) $ 1.00
okb
OKB (OKB) $ 51.81
near
NEAR Protocol (NEAR) $ 2.53
pepe
Pepe (PEPE) $ 0.000007
mantle
Mantle (MNT) $ 0.824565
internet-computer
Internet Computer (ICP) $ 5.72
gatechain-token
Gate (GT) $ 21.92
ethereum-classic
Ethereum Classic (ETC) $ 17.43
tokenize-xchange
Tokenize Xchange (TKX) $ 32.89
ondo-finance
Ondo (ONDO) $ 0.829780
aave
Aave (AAVE) $ 169.43
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 82,638.14