After “Libragate,” memecoin prices crashed, but they’re not dead yet

Following “Libragate,” memecoin prices crashed, with their market cap falling nearly 60% from 2025’s highs.

Following "Libragate," memecoin prices crashed, falling nearly 60% from 2025 highs and slashing the market cap by $47.9 billion.

Despite the chaos, meme tokens still exist, and degens are "buying the dip."

But what began as a joke has evolved into something more complex, blending financial insanity and internet culture.

The good times had to end eventually. Following the memecoin madness of early 2025, prices have taken a hit, slashing the market cap by 60%.

From highs of $125 billion, the memecoin market cap now stands at $47.9 billion, as of March 10. It’s not exactly spare change.

The fibs have been told, the hype men have hyped, and the banter has reached critical levels. After the "biggest crypto scam in history" and "billions lost in a rug pull," we're left with a familiar tale: Degens are still "buying the dip" like it's a Black Friday sale, convinced that absurdly named tokens like Unicorn Fart Dust, Fartcoin and Buttcoin will print them a 100x profit before year's end.

Some call it irrational. Others call it degeneracy. But when has that ever stopped anyone in crypto?

While Bitcoin, Ether and Solana might be grabbing headlines, memecoins have been getting absolutely obliterated. Prices have tanked, liquidity has dried up, and traders who thought they'd be sipping cocktails on a yacht by now are busy coping in Telegram groups.

Don't get us wrong; we're not saying it's impossible for memecoins to stage a comeback. They've pulled off worse feats.

After all, logic has never been crypto's strong suit. If it were, we wouldn't have seen billion-dollar valuations for fart-themed tokens in the first place. And if human nature tells us anything, it's that people will always chase the next big hype cycle — especially when it comes wrapped in humor and the promise of overnight riches.

Memecoins are down bad right now. But dead? Not a chance. The moment another ridiculous trend takes hold, the money will come flooding back. Because in crypto, what goes down eventually goes way back up — often in the most unexpected, meme-fueled ways.

Memecoins vs. serious crypto projects

Forget white papers, roadmaps or security audits. Memecoins don't need any of that. All it takes is a viral meme on X, a 10-minute token launch, and within a few weeks, it could be sitting at a $50-million market cap.

Meanwhile, legitimate projects spend years developing products, hiring developers and raising funds, only to watch their tokens struggle to gain traction.

For memecoins, community is everything. The bigger it is, the better the pump. It's not just the kind that retweets project updates 10 times daily but one that fully embraces the joke. These communities don't just speculate — they believe. And when enough people buy the meme, the token pumps.

Shiba Inu built a cult following as the so-called Dogecoin killer. It never killed DOGE, but it evolved into a $9-billion token with its own blockchain.

Others took an even weirder approach. Fartcoin turned flatulence into finance. Unicorn Fart Dust captured the magic of completely nonsensical branding. And Buttcoin, a 2013 meme mocking Bitcoin, made a comeback to troll the entire industry.

The formula is obvious: The more absurd the name, the bigger the hype. Sometimes, "it's funny" is the only investment thesis you need.

Sure, the recent crash wiped out some gains, but let's not act like memecoins vanished. They didn't go to zero, which, in crypto terms, makes them survivors. A strong community, relentless memes and top-tier shitposting can keep even the most ridiculous assets alive.

Memecoins vs. traditional finance

People are investing money in Dogecoin instead of Apple stock, and for good reason. Well, sort of.

Crypto has become the go-to escape hatch for those fed up with traditional finance. Banks freeze accounts. Regulators add more red tape. Insider trading runs rampant.

Memecoins, on the other hand, are a free-for-all, where anyone can win big or lose everything. No middlemen. No rules. Just vibes.

The same Buttcoin proves that people will pump anything just for fun. What started as a joke now has a dedicated community trying to make it the next Bitcoin. It's complete insanity, which is precisely why it works.

If the world has gone mad, why not profit from the chaos?

As financial markets become more centralized, restrictive and controlled, memecoins offer an anarchic alternative. They represent the financial Wild West