Between January and April 2025, the Meme coin sector lost approximately 58% of its value, and trading volume fell by approximately 63% during this period. By mid-2025, Dogecoin and PEPE maintained 24-hour trading volumes exceeding $500 million and $760 million, respectively. In early October 2025, top meme coins consistently maintained 24-hour trading volumes exceeding $9 billion, led by peak popularity. During the summer and fall of 2025, Pump.fun's daily trading volume fluctuated between $96 million and $320 million, depending on the number of meme coins issued. Pump.fun reports approximately $264 million in daily trading volume, with total historical trading volume exceeding $73 billion as of the fourth quarter of 2025. Of all issued memecoins, less than 5% maintain high trading volume within the first 72 hours. Social media virality, celebrity catalysis, and influencer-driven issuance are the core drivers of sudden surges in trading volume, often increasing by 2–5 times within hours. Most Popular Memecoin Themes: Animal-themed memecoins such as DOGE, Shiba Inu, BONK, and WIF will dominate the meme brand space with a total market capitalization exceeding $30 billion by 2025. BONK is on track to reach the milestone of destroying 1 trillion tokens this year. Frog and amphibian-themed meme coins: PEPE, for example, saw daily trading volume surge to over $1.7 billion in July 2025, with social engagement increasing by 27% month-over-month. Political satire meme coins, such as TRUMP, MAGA, and BODEN, saw SOL's meme coin trading volume reach $26 billion during major US political events.
Among them, $TRUMP was launched in 2025 and reached a record high of $14.9 billion in market capitalization, before volatility wiped out $5 billion in market capitalization within minutes of the peak.

Meme coins associated with pop culture: Daily price peaks of 300–600% can occur during surges in hashtag trends on platform X. Hyper-deflationary meme coins with burn modes accounted for approximately 21% of the year's best-performing issuances; tokens lacking real utility and promising "10x returns" accounted for approximately 17% of daily trending meme coin issuances, often experiencing surges within weeks before fading. As of April 2025, less than 10% of the top 100 meme coins by market capitalization still reflected their original themes from the first quarter, highlighting the rapid shift in trends.
Blockchain Distribution of Meme Coins
Meme coin issuance is increasingly migrating to blockchains with average transaction fees below $0.01, driving adoption on SOL, BNB, and Base, which together account for 95% of new Meme token issuance.
Ethereum's market share in Meme coins fell below 5% in the second quarter of 2025.
SOL
Issuance data
Since the platform was created in January 2024, SOL's Pump.fun has issued more than 6 million Meme coins.
In February 2025, with the cooling of the market and the waning of retail investor interest, the daily issuance of Meme coins on the pump.fun platform has fallen from a peak of 70,000 to 25,000. As of mid-2025, Pump.fun supports an average of 65,000 SOLMeme token issuances per day, and has expanded to the Base chain through the Meme coin minting API. DEX trading volume SOL Meme coin DEX trading volume peaked at $206 billion in January 2025, accounting for 79% of SOL's total trading activity that month. Less than 2.1% of SOLMeme coins were able to "upgrade" from their issuance platforms to mainstream DEXs such as Raydium, and most failed to establish sustainable liquidity.
In addition, liquidity fragmentation persists, with successful meme coins typically spread across 3–5 major chains, but many pools of capital on each chain remain shallow.
Multi-chain Meme Coin Statistics
In 2025, 21% of the top 100 meme coins implemented cross-chain minting/burning mechanisms to maintain supply balance between networks; over 13 million unique wallet addresses interacted with multi-chain meme coin bridges.
In the second quarter of 2025, during celebrity token issuance and major NFT airdrops, total cross-chain bridging volume of meme coins increased by 420%. Meme coin projects leveraging chain-agnostic token contracts achieved 2–3x wider distribution, but had wallet retention rates 17% lower than their single-chain counterparts. By Q3 2025, DOGE and SHIB each supported over four major chains, with active multi-chain bridge networks including BNB, Base, Arbitrum, Polygon, and Ethereum. Ethereum and SOL together accounted for 78% of all Meme coin cross-chain settled value, while Base's share grew to 16% by the summer of 2025. Furthermore, as of September 2025, security incidents related to multi-chain bridges had cost Meme coin holders over $190 million. Social Media Activity and Trends: Mentions of #MemeCoin# and related hashtags grew approximately 53% from January 2024 to 2025, exceeding discussions within many altcoin verticals. Viral memes, influencer posts, and coordinated campaigns can trigger price movements of over 20% within hours. Platforms such as Facebook, Reddit, Discord, and TikTok are key drivers of sentiment. However, comment bots and fake accounts inflate engagement metrics, masking genuine interest. Many memecoin communities have active Discord or Telegram groups exceeding 50,000–100,000 members.
Some projects hold "Meme Contests," AMAs, or NFT giveaways to stimulate social virality and engagement.
Investor Demographics and Profiles
A survey indicates that approximately 31% of US crypto investors first encountered crypto through meme coins. Young investors are more active in the meme coin space.
Many meme coin holders hold small positions, often accounting for <1% of their total portfolio.
Some "whales," or large holders, may control 20–50% of the circulating supply of certain tokens.
Many retail investors enter the market mid-term after observing short-term gains, exposing themselves to price reversal risks. Institutional investor interest is emerging, but the primary channels remain limited to structured thematic funds or small allocations in alternative asset classes.
In emerging markets, meme coins often overlap with speculative trading in local forex/crypto corridors.
Risk Factors and Scam Statistics
The meme coin craze requires large-scale testing for the risks of scams, backdoor liquidity extraction, and malicious token logic. Since 2025, the crypto services sector (not limited to meme coins) has lost over $2.17 billion.
Analysts estimate that up to 95% of newly issued tokens may be scams or low-probability projects, and most will quickly collapse.
60% of newly issued tokens have an active lifespan of less than 24 hours.
Security and Vulnerability Data
Less than 15% of MemeCoins issued in 2025 have undergone any form of smart contract audit.
Over 25% of audited SOLMemeCoin smart contracts have been flagged for risks of token distribution centralization.
Over 91% of new MemeCoins on the Base chain were found to have at least one security vulnerability.
Major attack modes affecting Memecoin include: issuance and destruction logic vulnerabilities, owner withdrawal vulnerabilities, and delegatecall (Ethereum's underlying call instruction) misuse issues.
Sandwich attacks and front-running exploits driven by automated bots have led to market manipulation in over 35% of low-liquidity pools.
Sniper Bots in the Memecoin Market
On Memecoin issuance platforms like Pump.fun, up to 80% of early trading volume was driven by sniper bots, especially within the first few blocks. Bots can execute trades in less than a second after a new Memecoin liquidity event, far faster than most human traders. In some launches, bots accounted for over 70% of all unique wallet interactions within the first 10 blocks of trading. Additionally, volume bots provide liquidity for over 100 new tokens daily by randomizing wallet rotation and spacing to mimic organic order flow to avoid detection. The largest bot-driven Memecoin trades can create price spikes of 100–500% in a matter of minutes, followed by rapid reversals as investors attempt to follow suit. A single sniper bot amassed over $6.8 million in profits in a single month simply through Memecoin trading on Pump.fun, with a single transaction return rate of 2,227x. (During peak activity in 2024, sniper bots achieved realized profits of over 15,000 SOL across thousands of transactions.) Complex sniper bots monitor DEX memory pools to analyze new contract deployments, anticipating thousands of issuances per month.
Historical Performance and Growth
During the 2023–2024 bear market cycle:Meme coin prices fell by as much as 85%, quickly wiping out speculative gains; over 60% of meme coins did not survive for six months, with significant volatility.
Early 2024:The top five meme coins together accounted for over 40% of all crypto speculative trading volume.
Between the first and second quarters of 2024:
Memecoin market capitalization increases by over 550%, surpassing most other crypto sectors.
May 2024:
The number of unique Memecoin wallet holders exceeds 18 million.
By the end of 2024:
Over 30% of leading Memecoins have added community governance features to enhance resilience.
In 2024, Memecoin trading volume surges to over $35 billion.
Among them, Dogecoin's market capitalization remained above $10 billion throughout 2024, remaining the most prominent meme coin by valuation. Tokens such as PEPE and FLOKI recorded returns exceeding 100x from their launch to their respective peaks. Conclusion Meme coins have evolved from a fringe sideshow in the crypto market to a key player in the speculative market. However, these returns come with disproportionate risks, scams, hacking attacks, and unrelenting volatility. For those involved in this field, rigorous due diligence, on-chain analysis, and community signals are essential tools, not optional extras.