Are Meme Coins Dead? Mindshare Drops Nearly 90% Since 2024
Meme coin mindshare has plummeted by nearly 90% since late 2024, dropping to just 2.5% by October 2025, signaling waning investor interest.Summary
Market enthusiasm for meme coins has significantly cooled, with mindshare collapsing from about 20% in late 2024 to only 2.5% by October 2025, representing a nearly 90% drop. This decline is supported by falling Google search interest, a reduction in meme coin trading volume on Solana's DEX (from 60% to 30%), and the failure of major tokens like Dogecoin and Shiba Inu to reach new highs during the recent bull run. Furthermore, token creation has slowed, and market value has become highly concentrated among a few projects. While some analysts suggest this low point could signal a "generational bottom," others argue the era is ending as investor focus shifts to utility-driven narratives like AI agents and perpetual DEXs, which have seen explosive growth.
(Source：BeInCrypto)