Once a barometer of retail hype, memecoins are closing the year with shrinking liquidity, weaker participation and fading speculative momentum.
Memecoins are trading near year-end lows, marking a sharp reversal from the speculative peak reached in Christmas 2024.
Memecoins fell 65% over the year to a market capitalization of $35 billion on Dec. 19, their lowest level of 2025, according to CoinMarketCap data. They retraced some losses on Friday, rising to about $36 billion.
Last year, memecoins thrived on Christmas Day, recording about $100 billion in valuation, according to CoinMarketCap data.
