Meme coins have been sliding in recent weeks. According to Coingecko, all meme coins’ total market cap is around $42 billion.
Dogecoin remains the most valuable, with a market cap of over $15.4 billion, followed by Shiba Inu, which has a market cap of around $8 billion. It has been a turbulent few trading months for meme coins, whose valuation is down from over $65 billion in Q2 204.