Memecoins Are Losing Investors

The memecoin market is experiencing a significant downturn. Market capitalization, trading volume, and the number of active traders are all declining, while investors are selling more often than buying.

The drop in popularity is especially visible on decentralized exchanges operating on the Solana network, where the share of memecoins in overall trading activity has decreased sharply. At the same time, the entire sector is losing value and attracting fewer investors.

The total market capitalization of memecoins has fallen from $85 billion in 2025 to around $29 billion today. An even larger decline can be seen in trading activity. Trading volume dropped from $18.5 billion to $3.5 billion, representing a decrease of about 81 percent.

The shift is particularly noticeable on Solana. According to data from SolanaFloor, memecoins now account for only about 20 percent of trading volume on decentralized exchanges in the network. In previous cycles, their share was significantly higher. At the end of 2024 and the beginning of 2025, memecoins represented between 40 and as much as 70 percent of total trading activity.

The fall in trading volume is also accompanied by an outflow of traders. On Solana, the number of people trading memecoins dropped from 4.4 million in 2025 to around 400,000. Similar trends can be observed on other networks. On BNB, the number of traders has fallen to about 300,000, while on Ethereum and Base it has dropped below 100,000.

The number of transactions has also declined. On the Solana network, transactions fell from 45 million to 15 million. There are also fewer new participants entering the market. The number of new traders joining daily has dropped from more than 2,000 to fewer than 1,000. Meanwhile, the number of returning traders decreased from 5,000 to about 1,700.

The data clearly shows that interest in speculative tokens is weakening. During periods of growing uncertainty in the market, investors are increasingly reluctant to invest in high-risk assets such as memecoins. The decline in trader activity, trading volume, and the dominance of selling over buying all suggest that capital is flowing out of this segment of the market and demand for such projects is steadily decreasing.