Meme coins dropped to their lowest rating in 2025 on Friday, with the combined market value falling to $39.4 billion, according to data from CoinMarketCap.
The sector lost more than $5 billion in 24 hours, after falling from $44 billion, despite recording a 40% increase in trading volume.
This collapse represents a sharp reversal from the year's peak on January 5, when the market value of meme coins reached $116.7 billion, meaning a drop of 66.2% since the beginning of 2025.
This intense selling aligns with a broader decline in the digital asset market. CoinGecko data shows that the market cap of cryptocurrencies dropped from $3.77 trillion on November 1 to $2.96 trillion on Friday, meaning $800 billion evaporated in just three weeks.
As of the time of writing this report, Bitcoin was trading at $82,778 (-14.7% over the week), while Ethereum lost 16% to reach $2,688.
Major meme coins are bleeding across all time frames
The top 10 meme coins by market cap showed losses across all time frames - hourly, 24 hours, 7 days - indicating a decline in risk appetite in the sector.
Recorded $DOGE and $SHIB and $PEPE and BOMK and FLOKI had a sharper decline.
The losses over the past seven days ranged between 11% and more than 20%.
The least affected was TRUMP linked to US President Donald Trump but it lost 11.65% during the week.
Followed by DOGE with a drop of 14.10%, then SPX6900 with a loss of 14.26%.
The biggest losers were Bonk, and the tokenized Pudgy Penguins (PENGU), and Pepe, and the tokenized Dogwifhat (WIF), each recording losses of around 20% over the week.
The NFT market drops to its lowest level since April
The NFT market, another corner of speculation, also saw a sharp decline.
CoinGecko data shows that the market cap of NFTs dropped to $2.78 billion on Friday, a decline of 43% compared to 30 days ago.
This represents the lowest valuation of NFT collectibles since April, indicating a decline in market appetite for this type of asset.
Most major NFT collections recorded double-digit losses. The worst performer was Hypurr from Hyperliquid (-41.1% over 30 days).
Followed by Moonbirds (-32.7%) and CryptoPunks (-27.1%), while Pudgy Penguins declined by 26.6%.
The only two groups that went against the trend were:
Infinex Patrons: recorded +11.3% over 30 days.
Autoglyphs: a slight drop of only 1.9%, the least among major collections.
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