2026-01-12 04:25:36

Recently, I noticed significant changes in the meme coin sector. The total market capitalization has plummeted from $93.1 billion to $36.5 billion, a decline of over 60%. This is not just a numerical drop; it reflects a massive market exodus—trading volume has also sharply decreased to around $3 billion.

What's even more interesting is the issue of market concentration. Dogecoin and Shiba Inu, the two leading meme coins, together account for 84% of the total meme coin market cap. In other words, the remaining lesser-known meme coins combined hold only about 16%. This highly concentrated pattern indicates that only a few meme coins can survive and gain recognition, while a large number of follow-up projects are being ruthlessly淘汰 by the market.

DOGE0,12%

SHIB-1,35%

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UncleWhale

· 2h ago

Oh my god, a 60% direct cut, this meme coin escape wave is really fierce Really, 84% was eaten by DOGE and SHIB, the rest are cannon fodder Copycat projects deserve to die, this is the market cleansing It's another death spiral, watching others make quick money and rushing in, now there's no way to cry

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ILCollector

· 2h ago

Damn, dropped another 60%. That's why I absolutely refuse to touch those scam meme coins.

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SeeYouInFourYears

· 2h ago

A 60% drop? That's the end of the track, trash coins should have died long ago.

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PositionPhobia

· 2h ago

Here comes another round of cutting leeks, no matter how nicely you put it, it’s all useless.

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NotFinancialAdvice

· 2h ago

Oh my god, a 60% drop, is this what they call the "Meme Coin Spring"? LOL DOGE and SHIB have taken up 84%, the remaining trash coins really should be cleared out The dream of quick money has shattered, it's time to wake up now A large number of copy-paste projects should disappear, this is the market's self-cleaning Everyone is asking "When will it rebound," I just want to ask—are your coins okay?

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DarkPoolWatcher

· 3h ago

A 60% plunge is so fierce, it seems another round of the "cutting leeks" show has come to an end. 84% is concentrated at both ends, the rest are all trash coins... turns out you still have to play with Bitcoin. Everyone wants to issue tokens to get rich, but in the end, it all turns into a mess. How many retail investors will have to go home and eat dirt after this round? Someone should have cleaned up these worthless tokens long ago.

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