Over $44 billion wiped out from the memecoin market in the past 3 weeks
Over the past three weeks, the market capitalization even Coin has lost more than $ 44 billion, at $ 75 billion at the time of the press.
In the past three weeks, the parts market even has lost more than $ 44 billion, as Crypto Analyst Cryptopus noted in a recent Publish. The current market capitalization of the same corner amounts to around $ 75 billion, compared to more than $ 110 billion at the end of December 2024.
This slowdown comes after an unprecedented year of growth, where the pieces even surpassed all other cryptographic asset classes, going from an evaluation of $ 20 billion in January 2024 to 120 billion dollars by December, marking An amazing increase of 500%.
An annual analysis of Binance stressed that Corners were the most efficient cryptographic sub-sector in 2024, winning 212% during the year and dominating the market market. The main pieces of memes were divided between Solana (GROUND) and Ethereum (Ethn), although Ethereum has always held the first three projects, including Dogecoin (DOGE). The main engine of this growth was the success of PumpA launch of dedicated memes money which facilitated more than 5.7 million new projects and generated more than $ 400 million in revenues in 2024.
The sector of the same part enters the “hollow of disillusionment”?
However, after having culminated at around 120 billion dollars at the end of December, the parts market even experienced a net withdrawal, the market capitalization of the room even falling at around $ 75 billion, depending on time, according to time Co Ringecko. This massive decrease raises questions about the sustainability of the memes currency frenzy and if the sector is entering a new phase.
Ki Young Ju, CEO of cryptocurrency, recently shared his point of view on xDescribing the current state of the market for memes parts as the “peak of swollen expectations”. According to Ju, this phase is often followed by a “hollow of disillusionment”, where speculative excesses fade before the market stabilizes and finds a more sustainable sole.
The recent slowdown could indicate that the sector of the same between now in the “hollow of disillusionment” phase of which Ki Young Ju has spoken. However, Ju believes that coins are probably not entirely disappeared. Instead, he predicts a process of progressive maturation over the next five years, possibly released a more established role in the cryptography economy.
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