Representation of cryptocurrency Dogecoin is seen in this illustration taken on Nov. 29, 2021. Dado Ruvic/Illustration/ReutersMeme coins may have appeared to be heading to the moon a couple of years ago, but they ran out of fuel and crashed back down to Earth.The combined value of cryptocurrencies centered around a cultural meme or internet jokes—Dogecoin, Shiba Inu, Fartcoin, and Pepe, for example—has cratered almost 82 percent since reaching record highs in November 2024.
Meme Coins Have Crashed 82 Percent Since November 2024 Record
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