Opinion by: Igor Zemtsov, chief technology officer at TBCC
Following “Libragate,” memecoin prices crashed, with their market cap falling nearly 60% from 2025’s highs. But meme tokens, dead? They’ve got more lives than a cat on caffeine.
Despite the chaos, memecoins were still holding a $47.9-billion market cap as of March 10. It’s not exactly spare change. Meanwhile, degens are still out here “buying the dip” like it’s a Black Friday sale, convinced that absurdly named tokens like Unicorn Fart Dust, Fartcoin and Buttcoin will print them a 100x profit before year’s end.
Some call it irrational. Others call it degeneracy. But when has that ever stopped anyone in crypto?
Down bad, but not dead yet
Sure, memecoins aren’t exactly outshining Bitcoin (BTC), Ether (ETH) or Solana (SOL) right now.