$5B Vanishes as Memecoin Market Crashes to Year’s Lowest Level

The memecoin market cap crashed to $39.4 billion on Friday, its lowest point in 2025, after a brutal sell-off wiped out over $5 billion in value within a day.

The sector is now down a staggering 66% from its January peak. The rout impacted all major players, with Dogecoin, Shiba Inu, and Pepe leading the declines.

The collapse mirrors a broader $800 billion retreat across the entire cryptocurrency market, underscoring a sharp decline in investor risk appetite.