Zeta Markets Co-Creators: After a major dump, the meme coin market will concentrate on the top projects, and other coins will gradually lose attention

On March 5, CoinTelegraph reported that the meme coin market has erased all gains since President Trump’s victory, and has evaporated more than half of the Market Cap since December last year. According to CoinMarketCap data, the total Market Cap of meme coins fell by 56% from $124 billion on December 5, 2024 to $54 billion on March 5, 2025.

The meme coin market has gradually declined after hitting an all-time peak of $137 billion on December 8, 2024, and has since continued to trend downwards despite a brief rebound during Trump and First Lady Melania’s meme coin release in January. Industry observers attributed the massive decline to a volatile global economic environment, a lack of meme coin regulation, insider trading scandals, and endorsements by public figures.

Anmol Singh, co-founder of Zeta Markets, said that “the meme coin bubble has burst” due to economic uncertainty over the Trump administration, the U.S. economic and foreign policy mix, and the excessive engagement of celebrities and social media influencers. Singh predicts that after a major sell-off, the meme coin market could concentrate on major meme coins such as Dogecoin, Pepe, Bonk, Dogwifhat, and TRUMP, while “other coins will gradually lose traction.”