Meme Coin Market Crash: $28 Billion Vanishes as Prices Plunge 40% to July Lows

The once-booming meme coin sector has suffered considered one of its sharpest declines this yr, with almost $28 billion worn out in lower than 48 hours as merchants rushed to exit amid a wider crypto market crash.

According to data from CoinMarketCap, the full market capitalization of meme-based tokens fell to $44 billion on Saturday, down virtually 40% from $72 billion yesterday.

The crash dragged the sector to ranges final seen in July, erasing months of regular progress fueled by Solana and BNB Chain buying and selling exercise.

A modest restoration adopted on Sunday, lifting the market again to $53 billion, however that remained properly beneath its latest peak of $77 billion.

At the time of writing, the meme coin market stands at round $57 billion, nonetheless far beneath its latest highs.

The sell-off adopted Friday’s sharp market-wide crash, which erased over $19 billion in leveraged positions across crypto after U.S. President Donald Trump introduced plans to impose a 100% tariff on Chinese imports.

After Months of Mania, Meme Coin Markets Face Harsh Correction

Meme cash, that are sometimes pushed by retail hypothesis, had been among the many hardest hit. Dogecoin, the most important meme coin by market capitalization, fell almost 20% over the week to round $0.19. Shiba Inu dropped 13%, whereas Pepe misplaced greater than 21%.

Other main tokens, such as BONK and FLOKI, additionally shed over 20% of their worth in the identical interval.

Collectively, the highest 10 meme tokens now account for roughly $47 billion, about 82% of the full market cap, and all are at present buying and selling within the pink on each day by day and weekly charts.

Additionally, even politically themed tokens weren’t spared, as the official meme coin linked to U.S. President Donald Trump dropped 20% over the week, extending losses throughout a market already struggling to stabilize.

For most of 2025, Solana and BNB Chain have dominated meme exercise, every internet hosting large buying and selling volumes and fast token launches.

BNB Chain, particularly, had not too long ago surpassed $38.7 billion in worth with $335 million in day by day buying and selling quantity, pushed by an inflow of recent meme tasks.

From late September to early October, a variety of BNB meme cash had been seeing a variety of consideration, with tokens like $4, BSC, PALU, 币安人生 (“Binance Life”), and plenty of others surging by tens of thousands of percent before collapsing.

Data from Bubblemaps shows that over 100,000 merchants had joined the BNB meme coin frenzy at its peak, with almost 70% in revenue.

However, many of the tokens collapsed by as a lot as 95%, wiping out a whole lot of thousands and thousands in worth after CZ warned that he does not endorse any of the tokens.

BNB memecoins have dropped as a lot as 95% after @cz_binance clarified his posts usually are not endorsements, ending the latest $BNB rally. #BNBChain #Memecoins #BNBhttps://t.co/80kV9YkNNF

— Cryptonews.com (@cryptonews) October 9, 2025

Meanwhile, exercise inside the Solana ecosystem, as soon as the hub of meme coin creation, has additionally cooled sharply.

According to Solscan data, the variety of newly minted SPL tokens, which incorporates meme cash, dropped by about 50% from early August to mid-October, falling from about 60,000 per day to as low as 30,000.

Weekly launchpad volumes on Solana have also declined from a peak of $1.5 billion in July to roughly $600 million by late September, reflecting waning retail enthusiasm and liquidity.

Meme Coin Boom Masks Uneven Profits as Platforms Rake in Millions

Meme cash, which started as a lighthearted nook of crypto buying and selling, have grown right into a multi-billion-dollar market dominated by hype, hypothesis, and community-driven tendencies.

MetaTech Insights valued the meme coin market at $68.5 billion in 2024 and projected it may attain $925 billion by 2035, however the newest downturn exhibits the volatility that continues to outline this sector.

While meme cash are set for extra progress, many of the earnings find yourself elsewhere within the arms of the platforms that launch and commerce them, according to a new report from Galaxy Research.

For instance, buying and selling instrument Axiom has generated over $200 million in charges with fewer than 10 workers, whereas BONKbot and Trojan earn regular income by charging customers to routinely snipe new tokens at launch.

The examine additionally discovered that meme coin merchants sometimes lose cash in what resembles a short-term playing market, whereas infrastructure suppliers such as launchpads, decentralized exchanges, and buying and selling bots accumulate thousands and thousands in charges.

As the meme coin market struggles to stabilize, different crypto sectors have proven faster indicators of restoration.

Non-fungible tokens (NFTs) rebounded 10% after a 20% drop in the course of the sell-off, regaining about $600 million in worth.

Crypto ETFs also saw renewed inflows, with spot Bitcoin ETFs including $102 million and Ether ETFs attracting $236 million on Tuesday.

Bitcoin has climbed again above $111,000 after briefly dipping to $102,000, while Ether has recovered to above $4,000 from lows close to $3,700.

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