Meme coin Depth data report: Behind the $63.6 billion market, 95% of new coins are eyewash.

Meme Coin: From an Inside Joke to a $50 Billion Speculative Battleground

Once just a meme coin played with by the community, it has now become an undeniable force in the crypto market. They not only influence the flow of funds but also stir up emotional storms on social media, even becoming branding tools for political figures.

Brands use it for marketing interaction, and hedge funds have also started to test these highly volatile varieties with small positions. The gameplay in this track has long surpassed most people's imagination.

The market is expanding rapidly, but it is also accelerating the reshuffle.

In 2024, the capital scale of the entire Meme coin sector skyrocketed by more than 500%, which directly led to a massive influx of speculative funds from mainstream coins to various altcoin Meme coins at the beginning of 2025. At the same time, the U.S. SEC officially classified many Meme coins as “collectibles” rather than “securities” in 2025, meaning that the regulatory protections available to investors were reduced.

The story of $TRUMP is the most exaggerated — Launched on January 17, 2025, its market value soared to $27 billion in less than 24 hours. This event directly ignited the craze for presidential-themed tokens. Within a few weeks, over 700 Trump-related imitation tokens emerged in the market, among which 192 directly used the names of Trump family members, and 67 even dared to claim “official.”

By mid-2025, the BNB chain will account for 45% of the trading volume in Meme coin DEX, leaving SOL (25%) and Ethereum (20%) behind.

But the reality is harsh: Less than 1% of new coins on the Pump.fun platform can upgrade to mainstream DEX trading. Even more exaggerated, this platform is now facing a federal lawsuit, accused of charging nearly $500 million in fees and issuing over 11 million tokens, of which 98% collapsed within 24 hours.

SOL ecosystem: 60% of economic activities rely on Meme coins.

Over 60% of the economic activity on the SOL chain is tied to Meme coin-related businesses, and this public chain has completely become the main battlefield for Meme coins.

The distribution of income sources is very interesting:

• The Telegram bot leads with 26%, mainly making money through trading automation and token issuance tools.
• The issuance platform accounts for 23%, indicating strong demand for new coin issuance.
• Wallet services contributed 18%, driven by the surge in on-chain transactions.
• Trading applications account for 14%, and the daily activity for Meme coin swaps and speculation is very high.
• Derivatives, coin trackers, etc. each account for about 5%
• DEX only accounts for 4% – This data is somewhat alarming, indicating that many traders prefer to use bots and issuance platforms, while traditional DEX is instead being marginalized.

Market size: $63.6 billion casino

Meme coin now accounts for 5%-7% of the total value of the global crypto market, with a total market capitalization of approximately 63.6 billion USD, and a 24-hour trading volume reaching 7.6 billion USD.

But wealth is highly concentrated: The top 10 Meme coins account for about 90% of the total market value of the sector, with the old projects DOGE, SHIB, and PEPE still dominating the rankings.

Issuance Frenzy: 800,000 new coins every month, but 99% will die

In early 2025, more than 800,000 new Meme coins were issued on average each month. In January 2025 alone, 1.7 million new tokens were issued, with some platforms even claiming to have issued millions.

Sounds like there are many opportunities? The reality is:

• The average return rate of the best-performing Meme coin in 2025 is 150%.
• The market valuation for Meme coin development services exceeds 70 million USD
• But the survival rate of new coins after 60 days is below 8%
• Most lost over 97% of their peak value during the crash cycle.

The extremely low barrier to entry has led to a proliferation of rug pulls and fraudulent projects. Many issuances have not undergone any review or audit, and they simply go online and run away.

Price Prediction: A long-term bet from $0.02 to $0.08

According to market prediction models:

• 2025: Average price of 0.0226 USD, possible high point of 0.0245 USD
• 2026: The average price rises to $0.0278, an increase of 23% compared to 2025.
• 2027: Continuously rising to $0.0379
• 2028-2029: Maintain stability around $0.0501
• 2030: The average price may reach $0.0572, with a peak touching $0.0613.
• 2031: Long-term bullish to $0.0811, with a peak of $0.0836, an increase of over 250% compared to 2025.

Of course, these predictions are based on the premise that the sector survives as a whole.

Top Players: DOGE is still the king

Ranked by market capitalization (data from October 2025):

DOGE (Dogecoin): Market value exceeds $31.5 billion, firmly in first place. SHIB (Shiba Inu coin): $6.29 billion ranks second PEPE: 3.2 billion dollars follows closely behind. BONK: Surged over 15% in a single day in July 2025, with a market cap reaching $1.6 billion, breaking into the top five. FLOKI: fluctuates around a market cap of approximately $700 million. TRUMP: Surged to a market cap peak of $27 billion within 24 hours of launch, but then experienced a significant decline. Approximately 80% of the tokens are controlled by Trump or his affiliated entities, generating over $350 million in sales and platform fees during this issuance.

Volatility: Daily fluctuations exceeding 11.7% are normal.

The SEC clearly stated in its regulatory guidance in February 2025 that the price volatility of meme coins is much higher than that of most crypto assets.

Specific Data:

• BONK is the most volatile mainstream Meme coin, with a daily price correlation of 0.72-0.83 with JEETS, PEPE, and BOME.
• The average daily volatility of Meme coin exceeds 11.7%, far higher than Bitcoin and major altcoins.
• The price of POPCAT and other coins once experienced a daily fluctuation of 53%.
• Whales or bot operations can amplify hourly volatility by 6 times.

In the first half of 2025, the Meme coin sector achieved an astonishing average annual return rate of +1313%, making it the only profitable segment in cryptocurrency. However, by the third quarter, the average profit and loss fell back to +33.08%, driven solely by a few outstanding coins.

Trading Volume: From Peak to Decline

• In Q1 2025, the trading volume of Meme coins is expected to account for 25% of the total cryptocurrency trading volume at its peak.
• From January to April 2025, the sector's value decreased by approximately 58%, and trading volume dropped by about 63%.
• By mid-2025, DOGE and PEPE will maintain 24-hour trading volumes of over $500 million and $760 million, respectively.
• In early October 2025, the top Meme coins maintained a 24-hour trading volume of over 9 billion dollars.
• The daily trading volume of Pump.fun fluctuates between 96 million and 320 million USD, with a historical total trading volume exceeding 73 billion USD.

Key Data: Among all issued Meme coins, less than 5% can maintain high trading volume after the first 72 hours. Viral spread on social media and celebrity effects are the core driving forces behind the surge in trading volume, often increasing by 2-5 times within a few hours.

Most popular themes: animals, frogs, political memes

Animal Series: DOGE, Shiba Inu, BONK, WIF, etc., with a total market value exceeding $30 billion in 2025, dominating the Meme brand. BONK is about to complete the milestone of burning 1 trillion tokens this year.

Frog System: Led by PEPE, the daily trading volume surged to over $1.7 billion in July 2025, with a 27% month-on-month increase in social engagement.

Political Satire Series: TRUMP, MAGA, BODEN, etc., pushed the trading volume of SOL's Meme coins to $26 billion during major political events in the United States. The market cap of $TRUMP once reached a historical high of $14.9 billion, but $5 billion evaporated within minutes after the peak.

Pop Culture System: During the surge of tag trends on the X platform, daily price peaks of 300%-600% may occur.

Blockchain distribution: SOL, BNB, and Base are in a three-way balance.

Meme coin issuance is migrating to chains with an average transaction fee of less than $0.01, with SOL, Base, and BNB together accounting for 95% of new coin issuance.

Ethereum's market share in the Meme coin sector has fallen below 5%.

Data of the SOL chain:

• Since January 2024, over 6 million Meme coins have been issued on Pump.fun.
• In February 2025, the daily issuance volume dropped from a peak of 70,000 coins to 25,000 coins.
• By mid-2025, an average of 65,000 SOL Meme coins will be issued daily.
• In January 2025, the trading volume of SOL Meme coin DEX reached a peak of 206 billion USD, accounting for 79% of the total activity that month.
• Only less than 2.1% of coins can upgrade from the issuance platform to mainstream DEXes like Raydium.

Multi-chain layout: Cross-chain bridging becomes a trend

In 2025, 21% of the top 100 Meme coins implemented cross-chain mechanisms, with over 13 million independent wallets interacting with multi-chain bridges.

During the peak period of celebrity token issuance and NFT airdrops in Q2, cross-chain bridging volume increased by 420%.

DOGE and SHIB each support more than four major chains, with active networks covering BNB, Base, Arbitrum, Polygon, and Ethereum. Ethereum and SOL together account for 78% of all cross-chain settlement value, with Base increasing its share to 16% in the summer.

But the risks are also magnifying: As of September 2025, security incidents related to multi-chain bridging have resulted in losses exceeding 190 million USD.

Social Media: Emotion Engines and Price Manipulation Tools

The mention volume of #Meme币# and related topics is expected to increase by approximately 53% from January 2024 to 2025. Viral content, KOL tweets, and coordinated activities can trigger price fluctuations of over 20% within hours.

X, Reddit, Discord, and TikTok are the main battlefields. However, comment bots and fake accounts have severely exaggerated participation, masking the real popularity.

Many Meme coin community members in Discord or Telegram groups exceed 50,000 to 100,000. Project teams will hold Meme contests, AMAs, or NFT giveaways to stimulate viral spread.

Investor profile: Young people are more active, and whales have significant control.

Surveys show that among cryptocurrency investors in the United States, about 31% indicated that their first exposure to cryptocurrency was through Meme coins. Younger investors are more active.

Position Characteristics:

• Most retail investors have small positions, often accounting for less than 1% of the total portfolio.
• Some whales may control 20%-50% of the circulating supply of certain coins.
• Many retail investors enter the market chasing after short-term gains, exposing themselves to the risk of price reversal.

Institutional interest is beginning to emerge, primarily through structured thematic funds or small allocations in alternative assets. In emerging markets, Meme coins often overlap with local forex speculative trading.

Risk: 95% chance of being a scam, 60% chance of not surviving 24 hours

Behind the meme coin craze are massive rug pull risks, liquidity withdrawals, and malicious contracts. Since 2025, the crypto space has lost over $2.17 billion.

Cruel Data:

• Up to 95% of newly issued tokens may be scams or projects with low success rates.
• 60% of new coins have an active lifecycle of less than 24 hours.
• Among the Meme coins issued in 2025, less than 15% have undergone smart contract audits.
• Over 25% of the audited SOL Meme coin smart contracts have a risk of token distribution centralization.
• Over 91% of new coins on the Base chain have been found to have at least one security vulnerability.

The main attack modes include: logic vulnerabilities in minting and burning, owner withdrawal vulnerabilities, and misuse of deleGatecall. Sandwich attacks and front-running by automated bots have led to market manipulation in liquidity pools with over 35% low liquidity.

Sniper Bot: The mastermind behind 80% of early trading volume

On platforms like Pump.fun, up to 80% of early trading volume is driven by sniper bots, especially within the first few blocks.

Capabilities of the Robot:

• Can execute trades in less than a second after the new coin liquidity event.
• In certain issuances, bots account for over 70% of unique wallet interactions within the top 10 blocks.
• Avoid detection by simulating organic order flow through randomized wallet rotation and intervals.
• The largest sniper robot earned over $6.8 million in just one month through Pump.fun, with a single transaction return rate as high as 2227 times.

Complex robots will monitor the DEX memory pool to analyze new contract deployments, with thousands of issuances expected each month.

Historical Review: From 85% Plunge to 1313% Surge

During the bear market of 2023-2024: The price of Meme coins has dropped by as much as 85%, with over 60% failing to survive for six months.

Early 2024: The top five Meme coins account for over 40% of all speculative trading volume.

Q1-Q2 2024: Market capitalization growth exceeds 550%, surpassing most cryptocurrency sectors.

May 2024: The number of independent wallet holders exceeds 18 million.

End of 2024: Over 30% of leading Meme coins have added community governance features.

In 2024, the trading volume of Meme coins surged to over $35 billion for the entire year. The market capitalization of DOGE remained above $10 billion throughout the year, while coins like PEPE and FLOKI recorded over 100 times return from issuance to peak.

The last words

Meme coin has transformed from a fringe circus act in the crypto market into an important player in the speculative market. However, behind the profits are disproportionate risks, scams, hacks, and relentless volatility.

To survive in this arena, rigorous due diligence, on-chain analysis, and community signal recognition are not optional but essential skills. This is a casino, but at least you should know where the dealer is.