Data: Memecoin’s popularity on Google has dropped to 22, and its market value has evaporated by $20 billion in three months

TechFlow reported that the Meme coin craze cooled down significantly in the second half of 2024. Google Trends data showed that the search popularity of "meme coins" dropped sharply from a peak of 100 in mid-March to 22. During the same period, the market value of Meme coins also shrank significantly. In the 89 days since May 21, the total market value of Meme coins fell from US$59.62 billion to US$39.59 billion, evaporating US$20.02 billion. Major Meme coins such as DOGE, WIF and BOME all fell sharply.