The Meme Chill: Memecoin Trading Volume Down Nearly 50%
Memecoin trading volume is down 24% today, settling at $13.38 million — a sharp decline that’s hard to ignore. Even more striking, volume has now fallen nearly 50% from its recent peak, signaling a potential sentiment shift across the board.
The total memecoin market cap also dropped 3.9%, now sitting at $72.58 billion. That’s not catastrophic, but when paired with declining volume, it suggests caution is starting to replace blind momentum.
Large-Cap Memes: Slight Bruises
The majors are showing small but consistent red candles:
$DOGE: -3.1%
$SHIB: -4.0%
$PEPE: -4.9%
$TRUMP: -3.0%
$BONK: -3.7%
These aren’t nosebleeds, but they matter. Large-cap memecoins often act as sentiment benchmarks. When they’re bleeding — even lightly — it tends to weigh down the whole sector.
Top Gainers: Lukewarm Action
Today’s top gainers didn’t set the timeline on fire, but they’re still holding their own:
$HOUSE: +7.5%
$MOONPIG: +4.4%
$KEKIUS: +4.3%
Solid gains, but nothing like the 50–100% pumps we were seeing during peak mania. These names suggest some interest remains, but volume just isn’t there to push breakouts — at least not yet.
Top Losers: Back to Reality
On the other side of the board, we’re seeing real pain:
$JELLYJELLY: -45%
$GORK: -25%
$DOGINME: -22%
These are brutal drawdowns, especially for traders who got in late. Memecoins giveth and memecoins taketh away — and right now, the taketh is in full swing for the lower caps.
What Now?
We might be entering a consolidation phase — the comedown after a degenerate party. This isn’t a rug season, but it is a reset. With fewer new launches grabbing attention and lower volumes across the board, the market is calling for a cooldown.
This is a good time to reassess your portfolio, tighten entries, and track emerging narratives. The memecoin game is about timing and momentum — and when volume returns, the next wave of 10xers won’t wait.
For now, patience is the alpha.
