Memecoin Market Hits 2025 Low as $5B Vanishes in 24 Hours
Memecoins and NFT prices slid sharply on Friday, marking their weakest point since early 2025 after roughly $5 billion in market value evaporated in just 24 hours. The sell-off was broad-based across small-cap token listings and popular community tokens, driven by rapid position unwinds and a wave of risk-off behavior among retail traders.
The sudden drop matters because memecoins and NFTs account for outsized retail attention and liquidity in crypto micro-markets; a large drawdown can tighten liquidity, push volatile tokens off exchanges, and dent new project funding. Traders and observers say the market will likely stay sensitive to on-chain flows and macro sentiment until volatility eases, making near-term recoveries uncertain for speculative assets.