Meme coins became one of the most failed categories in the crypto market in 2025: at its peak in December 2024, the total capitalization exceeded $125 billion, but by April it had dropped to $44 billion.
pepe, doge, shiba
Then there was a decline in revenues for platforms related to the creation of meme coins, such as Pump.fun and its analogs. At its peak in January 2025, Pump.fun earned over $137 million, by March the figure fell to $35 million, and the annual minimum was recorded in July at around $17.5 million.
However, at the end of summer, activity on meme platforms significantly increased, despite the fact that the meme coin market as a whole did not show noticeable shifts in capitalization — in August, the figure was around $65 billion. #Bubblemaps @Bubblemaps.io
