In December, the overall market value of Memecoin once dropped by about 30%, indicating a slowdown in the development momentum and demand for meme-based tokens. CoinMarketCap data shows that on December 1, the total market value of memecoins was $120.14 billion. On December 9, this figure rose to $137.06 billion, but then fell to a low of $92.67 billion on December 23. This means that the market value decreased by 32.38% during the month. The current market value is approximately $98.78 billion, down about 14.61% from the beginning of the month.