# **Memecoin Market Capitalization Drops US$47 Billion After TRUMP Plunge**
Memecoin, a cryptocurrency inspired by funny animations or important figures, has reached a total market capitalization of US$117 billion in January 2025. However, the Memecoin market capitalization has now decreased by 40%.
According to CoinMarketCap data, the total market capitalization of Memecoin is now US$70 billion, down US$47 billion in three weeks.
In addition, the largest decline in market capitalization for Memecoin was caused by the emergence of the TRUMP token which had reached US$75 billion, then dropped significantly to currently be at the level of US$3 billion.
Not only that, the largest Memecoin DOGE has fallen 25% in the past week. Added to this, Memecoins such as PEPE fell 35%, WIF fell 42%, and FARTCOIN fell 55% in the same period.
Then the report of the decline was exacerbated by the token of Donald Trump's wife, Melania (MELANIA) which reached a valuation of US$13 billion and fell to US$715 million.
While there was no fixed trigger, the overall price drop was caused by a massive liquidity rotation as traders sold their assets to buy the TRUMP memecoin at launch, but then suffered major losses when the token plunged for several weeks after the inauguration.
-# Image Source: GettyImages
