Meme Coin Unicorns That Are Now Basically Dust Again

During the final bull market, in what’s popularly generally known as the Solana meme coin season, a lot of new cryptocurrencies made their solution to the forefront. These digital property had gone from market caps within the tens of hundreds of thousands to cross the billion-dollar market cap, typically in solely a matter of months. Due to their fast progress charge, these meme cash have rapidly garnered a large holder base. However, because the bear market has rolled round, these billion-dollar meme cash have crashed by a big margin, fully eliminating the majority of their gains.

POPCAT Meme Coin Goes From $2 Billion To Below $50 Million

POPCAT is likely one of the most recognizable names to return out of the Solana meme coin season, however its progress trajectory is much more attention-grabbing. When the meme coin’s price crossed $1 again in 2024, it really grew to become the primary cat-themed meme coin to formally cross this main milestone.

The complete progress from lower than $1 million to over $2 billion occurred in lower than one 12 months, displaying one of the spectacular meme coin rallies in historical past. Even extra attention-grabbing is the truth that the meme coin didn’t cease there, finally reaching $2 billion earlier than reaching a high.

However, because the preliminary decline, which started again in November 2024, the worth has now crashed by greater than 97%. It has gone from $2.05 per coin on the peak, with the meme coin’s market cap dropping beneath $50 million as it’s at present buying and selling at $0.05 on the time of writing. This categorizes it as one of many worst crashes that has plagued a previously top meme coin.

Cats In A Dogs World (MEW) Drops Rapidly

Unlike POPCAT, Cats in a Dogs World (MEW) had made its entrance to the meme coin market ‘totally shaped.’ The meme coin had burst into the scene with its market cap already buying and selling above $100 million, incomes it allegations that it was a ‘cabal coin.’

Nevertheless, the meme coin had continued to maneuver upward, finally topping simply above $1.2 billion. This was earlier than the bear market hit, and the worth started to fall once more in November of 2024. Since then, the worth has fallen by greater than 95%, with its market cap now sitting at a mere $50 million.

Peanut The Squirrel (PNUT) Meme Coin Disappoints Investors

Peanut The Squirrel (PNUT) is a meme coin named after an Eastern grey squirrel which went viral after its useless in 2024. The dying of the squirrel had led to public outcry after it was put down by the New York State Department of Environmental Conservation (DEC), and the meme coin was born not lengthy after.

Following its launch, the meme coin rapidly gained prominence, gaining help from the Binance crypto exchange and rapidly getting listed. As a outcome, it was capable of cross $1 billion market cap in lower than one month, changing into the quickest on this record to succeed in the milestone.

Just like its progress trajectory was quickest, the PNUT meme coin has suffered probably the most by way of losses. According to knowledge from the Coingecko web site, the coin is down greater than 98% since November 2024 and is now sitting at a $40 million market cap.