ChainCatcher news, according to Cointelegraph, in December, the overall market capitalization of Memecoins once fell by about 30%, indicating a slowdown in the momentum and demand for meme-based tokens.

Data from CoinMarketCap shows that on December 1, the total market capitalization of memecoins was $120.14 billion. On December 9, this figure rose to $137.06 billion, before falling to a low of $92.67 billion on December 23. This means a decline of 32.38% in market capitalization for the month. The current market capitalization is approximately $98.78 billion, a decrease of about 14.61% from the beginning of the month.