In December, the Memecoin market experienced a rollercoaster of fluctuations🎢. According to data from CoinMarketCap, at the beginning of the month, the total market capitalization of memecoins was $120.14 billion. However, on December 9, this figure soared to $137.06 billion, only to drop to a low of $92.67 billion on December 23📉. This means that throughout December, the market capitalization of memecoins decreased by about 32.38%.

Currently, the market capitalization of memecoins is approximately $98.78 billion, down 14.61% compared to the beginning of the month. This trend indicates that the demand and growth momentum for meme-based tokens have slowed down📊. For investors, this could be a good time to observe market dynamics.