Crypto Chaos: Memecoins and NFTs Take a Big Hit

The crypto world experienced significant volatility recently. Memecoins, digital currencies often starting as jokes, saw a major decline. Their total value dropped to $39.4 billion, the lowest point in 2025. In just one day, over $5 billion vanished. This is a stark contrast to early January when these coins were worth $116.7 billion.

Entire Crypto Market Shrinks

It's not just memecoins feeling the heat. The entire crypto market shrank from $3.77 trillion to $2.96 trillion in just three weeks.

Major Cryptocurrencies Take a Hit

Big names like Bitcoin and Ether also felt the pain:

• Bitcoin, the most valuable cryptocurrency, lost nearly 15% of its value in a week.
• Ether, another major player, dropped about 16%.

Memecoins in Freefall

The top memecoins, including Dogecoin and Shiba Inu, saw double-digit losses. Some, like Bonk and Pepe, lost even more, with drops of over 20%.

NFTs Also Feel the Pain

NFTs, or non-fungible tokens, which are unique digital items, also took a hit. Their total value fell to $2.78 billion, the lowest since April. Most top NFT collections saw big drops:

• Hypurr NFTs lost 41%
• Moonbirds dropped 32.7%
• CryptoPunks fell 27.1%

Only a few collections, like Infinex Patrons, managed to gain value.

A Reminder of Risk

This downturn shows how risky these investments can be. One day, they're soaring, and the next, they're crashing. It's a reminder to be cautious and do your research before jumping into the crypto world.