Political Symbols Memecoin Boom and Bust: CoinGecko fired
According to crypto price tracker CoinGecko, political narratives helped memecoins register before they precipitated significant volatility.
In its State of Memecoins 2025 report, CoinGecko highlights how poll-based speculation has changed the memecoin sector. The report predicts that the total memecoin market will reach a peak of $150.6 billion in December 2024, surpassing the sector's previous highs in 2021.
CoinGecko attributed the rally to a mix of new coin launch boards linked to the US elections, the Solana experiment and a growing political narrative.
The data aggregator noted that enthusiasm over the re-election of President Donald Trump is linked to the sector's high level.
Political signs have exacerbated the fall of memecoin
He says the same political motivations that have driven memecoin's rally to $150 billion have contributed to the sector's collapse.
The launch of Trump's official memecoin, TRUMP and Argentine President Javier Millay-linked LIBRA, has marked a turning point for memecoins, with investor confidence waning since its launch.
The TRUMP token has drawn criticism since its move down, following a pump to a high of $73. At the time of writing, the token is trading around $5.
Shortly after the launch of the LIBRA token linked to Miley, the insiders liquidated more than $107 million and launched investigations.
A CoinGecko report suggests that memecoins are evolving into highly volatile instruments that reflect cultural and political sentiment.
While these narratives may encourage rapid growth, the report highlights how quickly enthusiasm dissipates.
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Crypto's most speculative sectors will see a downturn.
In the year By November 2025, memecoin's total market capitalization has fallen below $40 billion, representing a 73 percent drop from its peak of $150 billion. At the time of writing this article, CoinMarketCap data shows that the market value of memecoin was at 38 billion dollars, the lowest point in 2025.
In addition to memecoins, virtual tokens (NFTs) also struggled in November. According to CryptoSlam, NFT sales volumes fell to $320 million in the month, the lowest this year.
While the memecoin narrative may have faded, Keith Grossman, president of payments company MoonPay, hopes memecoins will come back in a different form.
“The next version will not look like today's memecoins,” Grossman wrote. “It might not even be called Memecoin. It rewards sustainable contribution, coordination and cultural symbolism, not just speed and spectacle.”
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