The Bitcoin price has tanked over 9%

The Bitcoin price has tanked over 9% since yesterday, dragging the whole market with it amid fears surrounding the emerging US trade war.

The Bitcoin price has tanked over 9% since yesterday, dragging the whole market with it amid fears surrounding the emerging US trade war.

As a result, the meme coin sector has been one of the worst affected - with a volatile smack down from Sunday’s recovery.

Over 20% of the combined market cap for meme coins has been wiped away, totaling more than $11 billion. The sector is now worth just shy of $60 billion, down more than 300% from its January highs of $250 billion.

$sol is dead and solana meme coins are dead .

pic.twitter.com/FVYr7teA1C

— Mav the SONIC boom (@onlyonsonic) March 2, 2025

Market Is Completely Exhausted By Meme Coins: Will They Bounce Back?

Investors have been burned one too many times by the thousands of meme coins launching daily, mostly via pump.fun on Solana. The market is taking a break, no longer pouring every penny into the latest new launch.

A post from a member of ‘Crypto Twitter’ just last week shared some damning facts on the meme coin space. @gmnay_ gave a harrowing six-month break down on pump.fun launches.

It read as follows;

“- coins bonded: 87,170 – 4 coins >$100m mcap (0.005%): $FARTCOIN, $ARC, $ACT, $PNUT – 40 coins > $10m mcap (0.05%) – 250 coins > $1m mcap (0.3%) – 79,000 coins < $100k = complete rugs!”

Full cycle complete! Six-month @pumpdotfun postmortem:

– coins bonded: 87,170– 4 coins >$100m mcap (0.005%): $fartcoin, $arc, $ACT, $pnut– 40 coins > $10m mcap (0.05%)– 250 coins > $1m mcap (0.3%)– 79,000 coins < $100k = complete rugs! 🧸🎯 pic.twitter.com/u4Jpk34HDz

— Nay (@gmnay_) February 25, 2025

The above figures show that 98.5% of pump.fun launches in the past six months were complete rugs, a massive liquidity extraction from degens into the hands of devs, whales ,and insiders.

@gmnay_ finished his X thread by claiming that the worst is over and pump.fun is dead, noting that this massive liquidity drain will take time to heal from.

Due to the actions of pump.fun, there is now a lack of money and trust in the market. It will take time for investors to have faith that every meme coin being launched isn’t another 24-hour rug pull.

This is the main reason why meme coins have been hit so hard, and even the most established ones are suffering hard right now. It is hard to fathom that we are meant to be in a bull run when you see meme leaders such as PEPE being down 75% from its all-time high.

More recent additions to the meme coin elite, POPCAT, and WIF, are down 87% and 89%, respectively. We are talking about billion-dollar market-cap tokens with 100,000+ holders transacting hundreds of millions of dollars in daily volume.

Looking at the meme coin mainstays and seeing such heavy drawdowns further highlights the market’s skepticism in memes right now.

However, as the old adage goes, ‘buy when others are fearful, sell when others are greedy’. Now would be perfect for scaling back into established meme coins. The reason is that during a bull market, the harder the crash and the longer the accumulation, the more euphoric the eventual pump.

(COINGECKO)

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Meme Index (MEMEX) Represents The Perfect Solution For Those Wanting Meme Coin Exposure Without The Heavy Lifting

Meme Index (MEMEX) is a new meme coin project that stands out due to its unique offering. For the first time, investors can buy meme coin index funds, which are similar to traditional stock funds.

The above YouTube video from Luck Side Crypto explains well why the Meme Index could be one of the biggest plays of 2025.

The MEMEX presale has just announced its ending date, with its timer counting down from 27 days from now. In its short life span, it has raised an