The meme coin sector in December: Massive losses shape the market development

The meme coins market is experiencing a turbulent phase. With a total market capitalization of only $41.61 billion, the sector has shrunk by $86 billion this year. Recent price movements show a mixed picture between crashes and surprising recoveries.

Significant Losses among Established Meme Coins

The sector’s biggest names are struggling with substantial declines. Dogecoin (DOGE) has decreased by 6.76% over the past seven days, while Shiba Inu (SHIB) is under much greater pressure. Notably, Pump.fun (PUMP) collapsed initially with massive losses but recently recovered slightly with a gain of 4.37%.

What’s Next for Meme Coins?

Despite the overall market weakness, interesting outliers are emerging. Pippin (PIPPIN) and Memecore (M) are breaking the negative trend, recording gains of 1.39% and 7.37%, respectively. These developments suggest that not all meme coins are equally affected by the market correction.

Market Sentiment Remains Tense

The fear and greed index continues to signal “extreme fear” in the sector. Investors remain cautious and reserved. The ongoing volatility and pessimistic sentiment imply that a stabilization of the meme coin market may still take some time. The question of what the future holds for meme coins remains open for many market participants.