According to market data, meme coins are in a critical state. Dogecoin (DOGE) has dropped around 60% from its peak in 2024, Pepe (PEPE) experienced over a 70% decline, and Wif (WIF) has plummeted by almost 88%. Some traders believe that meme coins’ era has ended, while others think it’s just the pump fun era that is over. Recent drops started when Donald Trump introduced his official token named TRUMP in January. The hype around TRUMP quickly faded with the entry of MELANIA meme coin, leading to the downfall of both tokens. Other projects like Libra (LIBRA) quickly crashed after Javier Milei’s promotion, losing 96% in six hours. These events fueled market manipulation rumors and decreased trust in meme coins. Some experts believe that people always have a gambling inclination, and with increased liquidity, meme coins will return to the market. 0xWinged, a famous meme coin trader, predicts Solana will return to $170 and activity in this area will rise again. The meme coins’ crash might be temporary, but it indicates that the market is not always fair, and true winners are those with specific information beforehand. You can check the prices of all tokens and cryptocurrencies live on the digital currency price page.
