Meme coin’s market capitalization hit a high of 9% in November 2024 and then fell back to 5.67%

Odaily reports that Ella Zhang, head of YZi Labs, shared data on the changing trend of the market capitalization ratio between Meme coins and non-Meme coins: After experiencing violent fluctuations, the market capitalization of Meme coins rose from 2.5% in February 2024 to 5% in March, and reached a peak of 9% in November 2024. However, since January 2025, this ratio has started to decline, falling back to 5.67% in February. The data shows that the Meme coin market expanded rapidly in the second half of 2024, with its market capitalization reaching $111 billion in November 2024, accounting for 9% of the non-Meme coin market. But as market sentiment cooled, this ratio fell back to 7.5% in early 2025 and further declined to 5.67% in February. The analysis points out that in the long run, the market will still focus on fundamental construction, rather than short-term speculative behavior, and the true long-term builders will ultimately prevail.