Meme Coins Suffer Sharp Downturn, Erasing Over $23 Billion in 12 Days – Markets and Prices Bitcoin News

Meme coins have endured a challenging February, losing $23.573 billion in value over the last 12 days.

Faltering Meme Coins

Recently, the meme coin market has encountered losses that have nullified gains amassed in earlier months. Twelve days ago, on Feb. 1, 2025, the meme coin economy was valued at $100.592 billion; today, after losing $23.573 billion, it stands at $77.019 billion.

Notably, much of this decline occurred over the past seven days, with numerous meme tokens registering double-digit losses. During the past week, the three leading meme coins by market cap—dogecoin (DOGE), shiba inu (SHIB) and pepe (PEPE)—experienced decreases of 3.6%, 2.3% and 6.5%, respectively.

The fourth-largest meme coin by market cap, the official trump (TRUMP) meme token, declined by 20.2% over the week. Nonetheless, several other tokens posted even steeper losses. Toshi (TOSHI) fell by 37.05%, dogwifhat (WIF) dropped 28.61%, brett (BRETT) lost 23.29%, and fartcoin (FARTCOIN) decreased by 22.81%. Gigachad (GIGA) similarly slumped by 21.25% during the same seven-day period.

The widespread enthusiasm and speculative interest in these meme coins could not hold steady during the latest period of market distress. Previous crypto economy downturns reveal that meme coins are typically the first to be offloaded. Coins untethered from tangible use cases exist at the mercy of collective whim, their value a mirage sustained by fleeting trends rather than function.

Like confetti in a windstorm, their trajectories defy prediction, rewarding few, while imperiling many. Common sense warns: assets lacking intrinsic purpose invite disproportionate risk. In today’s crypto finance theater, meme coins are typically speculative props—entertaining, perhaps, but they often face significant dumps. Especially when the owner is not entertained by steep losses.

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