Crypto Carnage Claims $5B from Memecoins, Pushing Sector to Yearly Low
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Amid a widespread crypto market sell-off, the high-risk memecoin sector has been hit particularly hard, tumbling to a 2025 low. Data shows the niche lost over $5 billion in a single day, dragging its total market cap down to $39.4 billion.
This places the sector firmly in a bear market, down 66% from its January high. The pain was universal, with all top memecoins posting significant losses across hourly, daily, and weekly time frames. The sell-off mirrors a broader collapse that has pulled the total crypto market cap down from $3.77 trillion to $2.96 trillion in just three weeks.
Even former President Donald Trump’s official memecoin, one of the least affected, slid 11.65%.
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