Zeta Markets co-founder: After a significant sell-off, the meme coin market will concentrate on leading projects, while other coins will gradually lose attention

ChainCatcher news, according to CoinTelegraph, the meme coin market has erased all gains following President Trump's election victory, having evaporated more than half of its market value since December last year. CoinMarketCap data shows that the total market capitalization of meme coins dropped from $124 billion on December 5, 2024, to $54 billion on March 5, 2025, a decline of 56%.

The meme coin market gradually declined after reaching an all-time high of $137 billion on December 8, 2024. Although there was a brief rebound during the issuance of meme coins by Trump and First Lady Melania in January, the overall trend remains downward. Industry observers attribute this massive decline to factors such as a turbulent global economic environment, lack of meme coin regulation, insider trading scandals, and endorsements by public figures.

Anmol Singh, co-founder of Zeta Markets, stated, "The meme coin bubble has burst," citing reasons including economic uncertainty under the Trump administration, the combination of U.S. economic and foreign policy, and excessive involvement from celebrities and social media influencers. Singh predicts that after experiencing significant sell-offs, the meme coin market may concentrate on major meme coins like Dogecoin, Pepe, Bonk, Dogwifhat, and TRUMP, while "other coins will gradually lose attention."