The memecoin market has fallen back to levels not seen since July, as the once high-flying meme tokens continue to struggle after Friday’s steep crypto market crash.
Data from CoinMarketCap shows that the total market capitalization of memecoins plunged to around $44 billion on Saturday, marking a nearly 40% drop from $72 billion the day before. By Sunday, the sector managed a modest rebound to $53 billion, roughly where it stood in mid-July—just before the Solana-based memecoin hype triggered a summer rally.
For nearly four months, the memecoin market cap had stayed comfortably above $60 billion, driven by strong retail participation and the growing influence of Solana and BNB Chain ecosystems. But the recent downturn signals a clear cooling of momentum.
As of now, the combined memecoin market capitalization sits around $57 billion, still well below its previous highs.
Top Meme Tokens Still in Deep Red
According to CoinMarketCap, the top 10 memecoins represent about $47 billion, accounting for over 80% of the sector’s total market cap. However, nearly all of them remain deep in the red over both daily and weekly timeframes.
Leading meme tokens such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) have all posted weekly losses between 13% and 22%. Other notable names like Bonk (BONK) and Floki (FLOKI) are also down more than 20% this week.
Even U.S. President Donald Trump’s official memecoin was hit hard, dropping roughly 20% in the past seven days.
Other Sectors Show Signs of Faster Recovery
While memecoins remain under pressure, other corners of the crypto market have shown a quicker rebound.
NFTs, which lost about 20% of their value during the crash (roughly $1.2 billion wiped out), have already regained 10% within a day of the sell-off.
Similarly, crypto ETFs are attracting new capital again after heavy outflows during the downturn. On Tuesday alone, spot Bitcoin ETFs saw $102 million in net inflows, while Ether ETFs added $236 million.
Major cryptocurrencies also stabilized swiftly. Bitcoin (BTC), which fell to $102,000, has bounced back above $111,000, while Ether (ETH) has recovered from below $3,700 to over $4,000, according to CoinGecko.
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