Meme Coin Market Crash: $28 Billion Vanishes as Prices Plunge 40% to July Lows

The once-booming meme coin sector has suffered one of its sharpest declines this year, with nearly $28 billion wiped out in less than 48 hours as traders rushed to exit amid a wider crypto market ￰1￱ ing to data from CoinMarketCap , the total market capitalization of meme-based tokens fell to $44 billion on Saturday, down almost 40% from $72 billion the previous ￰2￱ Coins MarketCap 7d Chart), and many others surging by tens of thousands of percent before ￰3￱ from Bubblemaps shows that over 100,000 traders had joined the BNB meme coin frenzy at its height, with nearly 70% in profit. However, most of the tokens collapsed by as much as 95%, wiping out hundreds of millions in value after CZ warned that he does not endorse any of the ￰4￱ memecoins have dropped as much as 95% after @cz_binance clarified his posts are not endorsements, ending the recent $BNB rally. #BNBChain #Memecoins #BNB ￰0￱ — ￰5￱ (@cryptonews) October 9, 2025 Meanwhile, activity within the Solana ecosystem, once the hub of meme coin creation, has also cooled ￰6￱ to Solscan data, the number of newly minted SPL tokens, which includes meme coins, dropped by about 50% from early August to mid-October, falling from about 60,000 per day to as low as 30,000.) rebounded 10% after a 20% drop during the sell-off, regaining about $600 million in ￰7￱ ETFs also saw renewed inflows , with spot Bitcoin ETFs adding $102 million and Ether ETFs attracting $236 million on ￰8￱ n has climbed back above $111,000 after briefly dipping to $102,000, while Eth er has recovered to above $4,000 from lows near $3,700.