Memecoin Mayhem: Still Crashing? 😩
Alright, so listen, these Matrixport analysts are saying that memecoins are basically still stuck in a post-crash funk 💅. Like, even though there’s more money sloshing around the global economy than a pool party in Ibiza, these memecoins just can’t seem to bounce back.
Apparently, back in February, there was this whole crypto meltdown and memecoins took it like a cheap tequila shot 🥃. Now, even though things are looking a little brighter (the dollar’s getting weaker, inflation is chillin’, 🧘♀️), the memecoin market is just, like, “meh.” 🥱
The Matrixport folks even predicted this would happen, saying there’d be this whole crypto consolidation thing, and guess what? Memecoins were front and center in the firing line. They’re pointing to things like Solana (SOL) and Raydium, which are basically down in the dumps. 😟
📃#MatrixOnTarget Report – Mar 14, 2025
Liquidity Improves, Meme Coins Lag, Bitcoin Risks Persist
This week’s report analyzes data from @pumpdotfun, @RaydiumProtocol, and other @solana products, exploring the core reasons behind the significant fund decrease and ongoing risks…
— Matrixport Official (@Matrixport_EN) March 14, 2025
They’re saying all this extra cash sloshing around should be good news for riskier investments like crypto, but the memecoin market is just not feeling it. It’s like they’ve got a bad case of FOMO-fatigue. 😴
Back in December, memecoins were having a moment, their total value hitting a whopping $137 billion. Now? 📉 Not so much. It’s down to about $51.6 billion, which is basically a memecoin massacre. 😩
So, basically, the analysts are saying investors are playing it safe, and memecoins are the ones getting left behind. They’re predicting that the altcoin party will be pretty low-key. 🔕
Oh, and they also mentioned Pump.fun, this memecoin launchpad platform, which used to be raking it in, but now its revenue is plummeting faster than a cat on a hot tin roof. 🐱🔥
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2025-03-14 13:36