<ul><li>The market capitalization of meme coins has plunged by 32% since its peak on February 3, while trading volume has dropped even more drastically, down 72%.</li><li>Meme coins historically follow cyclical patterns, with some managing to survive multiple market cycles.</li><li>Tokens like Dogecoin, Shiba Inu, and Bonk serve as examples of community-driven memes that have persisted due to dedicated followings.</li><li>Regulatory gaps and frustration with venture capital-backed tokens contributed to the rise of meme coins, but the market is expected to follow an extreme power law, where most tokens fail while a fraction thrive.</li></ul>

Meme Coins Are Dead – But They’ll Be Back: CoinGecko’s Bobby Ong

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