in December, the overall market value of Memecoins once fell by about 30%, indicating a slowdown in the development and demand of meme-based tokens. CoinMarketCap data shows that on December 1st, the total market value of memecoins was $120.14 billion. On December 9th, this number rose to $137.06 billion, but then fell to a low of $92.67 billion on December 23rd. This means that the market value decreased by 32.38% that month. Currently, the market value is about $98.78 billion, a decrease of about 14.61% from the beginning of the month.
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Memecoin’s overall market value fell by about 30% in December and is currently down 14.61% from the beginning of the month.
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