Meme Coin Market Cap Plunges to $30.5 Billion Amid Slumping Trading Volume, Only Pippin Surges

▲ Meme Coin ©

Amid frozen investor sentiment, even the meme coin sector—often regarded as a risk indicator for the digital asset market—is collapsing helplessly. As trading volume posts a double-digit plunge and overall market vitality cools rapidly, an extreme fragmentation is emerging in which speculative funds are flowing only into a handful of newly emerging tokens.

According to CoinMarketCap data as of 7:05 a.m. KST on the 25th, the total market capitalization of meme coins stood at $30.54 billion, down 0.32% from 24 hours earlier. Notably, 24-hour trading volume—a key indicator of market liquidity—plunged 15.12% from the previous day to just $2.67 billion, clearly reflecting investors’ prolonged wait-and-see stance.

Leading meme coins are also trending downward. Dogecoin (DOGE) fell 1.53% over the past 24 hours to $0.09197, drifting further away from the $0.10 threshold. Shiba Inu (SHIB) and Pepe (PEPE) declined 1.80% and 0.98%, respectively, struggling to gain traction, while Bonk (BONK) and SPX6900 (SPX) dropped 2.27% and 4.94%, leading the downturn.

In contrast, amid the gray market landscape, Pippin (PIPPIN) is the only token drawing attention with a sharp rally. Pippin surged 10.51% over the past 24 hours to $0.8067, bringing its cumulative weekly gain to 55.44%. This is interpreted as a “pinpoint pumping” phenomenon, where short-term speculative capital—left without broader opportunities in a liquidity-dried market amid macroeconomic uncertainty—concentrates intensely on specific headline-grabbing tokens.

The overall weakness in the meme coin market is largely attributed to prolonged concerns over high U.S. interest rates and macroeconomic uncertainty stemming from tariff policies, both of which are strongly suppressing risk appetite. As even volatility-seeking investors shift toward a risk-off stance, capital is first exiting the meme coin sector, which relies more on narrative and abundant liquidity than on fundamentals.

The outlook remains precarious. Unless the Federal Reserve clarifies a path toward rate cuts or strong signals of liquidity injection capable of lifting the broader digital asset market emerge, the meme coin market’s trading drought and downward pressure are likely to persist for the time being. Experts caution that chasing isolated surges such as Pippin’s amid an overall market downturn could expose investors to extreme price volatility and potentially significant losses.

*Disclaimer: This article is for investment reference only and we are not responsible for any investment losses incurred based on it. The content should be interpreted for informational purposes only.*