Memecoin fell to its lowest valuation in 2025 on Friday, dropping its total market capitalization to $39.4 billion, according to data aggregator CoinMarketCap.
The sector’s losses exceeded $5 billion in 24 hours, down from $44 billion, even as trading volume increased by 40%. This marks a major reversal from this year’s peak on January 5, when memecoin market capitalization reached a total high of $116.7 billion. Friday’s decline marked a 66.2% drawdown from the 2025 high.
This sharp decline reflects a broader decline in the digital asset market as a whole. According to data from CoinGecko, the market capitalization of cryptocurrencies fell from $3.77 trillion on November 1 to $2.96 trillion on Friday, wiping out $800 billion in just three weeks.
At the time of writing, Bitcoin (BTC), the top asset on the market, is trading at $82,778, down 14.7% over the past week. Ether (ETH) showed similar losses, dropping 16% in seven days to $2,688.
Top Meme Coins Leaked in All Time Frames
At the time of writing, the top 10 most valued meme coins are in the red on all major time frames, including hourly, 24-hour, and 7-day charts. This suggests that the sector’s risk appetite has declined.
The largest meme coins, Dogecoin (DOGE) and Shiba Inu (SHIB), posted double-digit losses, while tokens such as PEPE, BONK, and FLOKI fell even more sharply.
Overall, the seven-day decline ranged from 11% at the low end to more than 20% for the hardest hit tokens.
US President Donald Trump’s official Trump (TRUMP) meme coin was the least affected, but still fell by 11.65% over the past week. This token was followed by Dogecoin, which fell by 14.10%, and SPX6900, which fell by 14.26%.
Bonk, Pudji Penguins (PENGU), Pepe, Dogwifat (WIF) each recorded the most severe weekly losses of around 20%.
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NFTs fall to lowest valuation since April
The non-fungible token (NFT) market, another speculative area of the cryptocurrency ecosystem, also faced significant losses, along with meme coins and broader digital assets.
NFT market capitalization fell to $2.78 billion on Friday, down 43% from its $4.9 billion valuation 30 days earlier, according to CoinGeko data. This figure reflects the decline in demand for NFTs and marks the lowest market capitalization for digital collectibles since April.
The majority of the top 10 NFT collections recorded double-digit declines in the last month. The biggest loser was Hyperliquid’s Hyperr NFT, which fell 41.1% in 30 days.
This was followed by Moonbirds and Cryptopunks, with losses of 32.7% and 27.1%, respectively. Pudsey Penguins also fell by about 26.6% over the same period.
Only two collections broke the sector-wide slump. Infinex Patrons registered the best performance among the top 10 NFT collections with an increase of 11.3% over the past 30 days.
Autoglyph, on the other hand, remained relatively stable, with a loss of just 1.9%, the smallest decline in the group.
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