Political tokens played key role in memecoin boom and bust: CoinGecko
Political narratives, especially US election speculation, fueled a memecoin market cap peak of $150.6B before political tokens caused a sharp collapse.Summary
According to CoinGecko's 2025 State of Memecoins Report, political narratives significantly influenced the memecoin sector, driving the total market cap to a peak of $150.6 billion in December 2024, fueled by speculation around the US elections.
However, this same political momentum contributed to the sector's sharp reversal. The report cites the launches of official tokens like Donald Trump's TRUMP and Javier Milei-linked LIBRA as turning points where investor confidence declined, partly due to subsequent controversies and insider liquidations. This led to the memecoin market cap sinking below $40 billion by November 2025.
CoinGecko suggests memecoins are evolving into high-volatility instruments reflecting cultural and political sentiment. Despite the recent downturn, MoonPay President Keith Grossman remains optimistic that future iterations will reward sustained contribution rather than just spectacle.
(Source：Cointelegraph)