Are Meme Coins Really Over? This 90% Drop Will Leave You Shook!

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Oh, how the mighty have fallen! Once the glittering stars of the crypto world, meme coins have seen their market enthusiasm plummet faster than a lead balloon. With a mindshare that’s now a mere 2.5%, the whispers of investor discontent are loud enough to be heard all the way to the moon (if you can still hear anything over the crickets).

The once-booming sector has seen a significant slowdown. The launch of new tokens has nearly ground to a halt, and investors seem to be losing their appetite faster than a starving man in a buffet line. Is it the end of meme coins? Some say it’s just a “generational bottom,” while others are preparing to shovel dirt over the whole thing.

So Why Is Everyone Suddenly Over Meme Coins?

According to the fine folks over at KAITO (I mean, who else?), meme coin mindshare has tumbled from a healthy 20% at the end of 2024 to a pitiful 2.5% by October 2025. That’s nearly a 90% drop, folks. Can we just take a moment of silence for that level of decline?

But wait, it gets better! Google Trends, the trusty sidekick of the internet, shows a sharp drop in search interest. From a peak score of 100 in early 2025 to a miserable 7 by October. The only thing falling faster than meme coins is interest in them.

And it’s not just the interest; trading behavior is feeling the burn too. Back in early 2025, meme coins were responsible for 60% of Solana’s DEX trading volume. By October? A mere 30%. Ouch. Looks like the meme coin party is over-at least for now.

And don’t even get me started on price performance. While the big boys like Bitcoin (BTC) and Ethereum (ETH) were off setting records, meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) just couldn’t muster up the energy to break their own records. Talk about a missed opportunity!

The meme coin market’s concentration is just as spectacularly sobering. A meager 12 tokens make up over half of the market’s value. Which basically says, “hey, your new meme coin project? Yeah, it’s probably not going to make you a billionaire anytime soon.”

Token creation has also slowed to a crawl. While over 13 million meme coins were launched in the last year, activity in September showed a staggering 56% drop in launches compared to January. It’s as if everyone suddenly realized, “Hey, maybe this isn’t such a great idea after all.”

But why is this happening? According to the fine minds at a16z, it’s all about “sound policy and bipartisan legislation,” clearing the way for more “productive blockchain use cases.” Can you feel the optimism? Neither can I.

“Sound policy and bipartisan legislation clears the way for more productive blockchain use cases.”

Now, the crypto spotlight has shifted to narratives like AI agents, which are apparently here to stay. In fact, tokens within the x402 ecosystem are seeing some triple- and quadruple-digit gains. Meanwhile, perpetual DEXs are experiencing a growth spurt that could give meme coins a serious inferiority complex.

Is Meme Coin’s Future Dead, or Just Taking a Nap?

The meme coin community is clearly divided. Some believe it’s just a minor setback. “Memecoins will NEVER die,” one analyst boldly proclaimed. Others, more cautiously, suggest that the market may have reached a “generational bottom,” where interest is so low, it could soon start rising again. Like a phoenix, but with more doge memes.

“Memecoins will NEVER die,” one analyst claimed.

Others, however, advise caution: “Don’t buy memecoins if you are here to complain it’s down. Memes are like this. The risks are high. The rewards are higher (at times).” Ah, the sweet sound of optimism in the face of a brutal market.

“Don’t buy memecoins if you are here to complain it’s down. Memes are like this. The risks are high. The rewards are higher (at times),” another trader added.

Meanwhile, skeptics are out in full force, suggesting that this might just be the end of the meme coin era altogether. Will meme coins make a comeback, or will they fade into the digital ether like MySpace and floppy disks? Only time will tell.

For now, meme coins are just another speculative blip on the crypto radar. As attention shifts toward more practical narratives like AI and DeFi, we’ll see if meme coins can claw their way back to relevance or if they’ll become nothing more than a quirky chapter in cryptocurrency history.

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2025-10-29 11:01