Memecoins Fade as Bitcoin Dominance Surges
Key Takeaways
- The number of new memecoins on the Pump.fun platform has dropped significantly.
- Bitcoin is currently absorbing the majority of market liquidity.
- The total market capitalization of the crypto market has fallen by around 22% since January 2025.
- Memecoins are losing relevance – despite outliers like TRUMP.
- One possible reason: a loss of trust following incidents such as the LIBRA rug pull.
Memecoins Losing Momentum
Memecoins like TRUMP or MELANIA have made headlines in recent months – with some spectacular price surges. But the trend appears to be reversing. The number of newly created tokens on Pump.fun, a platform for quickly launching memecoins, has dropped by 56.3%. Instead of 72,000, only about 31,000 tokens are currently being generated per day.
The so-called “graduation rate” – the share of tokens that make it to larger markets – has also halved: from 1.4% to 0.7%. This clearly shows that fewer investors are willing to support new memecoins.
LIBRA Rug Pull Undermines Trust
A possible trigger for the decline: the LIBRA case. The token was promoted using, among others, the name of Argentine President Javier Milei. Within a few hours, its market capitalization plummeted from $4.6 billion to just $220 million USD. Such “rug pulls” – fraudulent projects where developers suddenly exit and leave investors empty-handed – damage the entire sector.
Bitcoin Benefits from Shift in Sentiment
As memecoins lose relevance, Bitcoin’s dominance is rising. Currently, BTC’s market share sits at around 59.1% – a 4.6% increase since the beginning of the year. This means more capital is flowing out of altcoins and speculative tokens and back into Bitcoin.
In comparison, the combined market share of all memecoins is now just 1.83%. Investors are clearly shifting back toward established cryptocurrencies with higher liquidity and lower volatility.
Exceptions Prove the Rule
Despite the overall downward trend, there are exceptions. The TRUMP token, for example, surged by 75% in a single day – triggered by political events. However, such short-term movements are the exception rather than the rule and are usually not sustainable.
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Our Assessment
The decline on Pump.fun and the decreasing relevance of memecoins show that the market is becoming more cautious. After years of hype, many investors are once again focusing on substance over speculation. Bitcoin is directly benefiting from this. Anyone looking to invest in memecoins should be aware of the risks – especially with new projects that lack clear structure or a foundation of trust. Platforms like Pump.fun are losing significance as faith in quick profits fades. The market is evolving – and so is investor behaviour.
Sources
- TradingView
- CoinGecko
| Symbol | BTC |
| Coin type | Alt Coin |
| Transaction Speed | Slow |
| Pros |
|
| Cons |
|
| Further practical applications | |
| Price | $95,456.00 |
| 24h % | 2.39 % |
| 7d % | 13.02 % |
| 30d % | 10.41 % |
| 60d % | 1.22 % |
| 1y % | 48.22 % |
| Market Cap | $1,895,732,398,131.00 |
| Max. Supply | 21,000,000.00 |
| Official Links | Website | Whitepaper | Source Code |
| Socials | Reddit | X | Message Board |
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