It’s almost comical to recall that on Jan. 6, 2025, the meme coin economy boasted a net value of $127.91 billion, sitting at peak froth and feeling downright invincible. Since then, roughly $86 billion has marched out of the meme coin trenches, leaving the sector wobbling at about $41.61 billion as of Dec. 18, 2025, according to coingecko.com’s meme coin aggregator.

Week after week, the coins have stumbled, and this week has followed the same tired script. Performance this week across this group of meme tokens was mixed, with losses outweighing gains overall. Dogecoin (DOGE) declined 6.3% on the week, while shiba inu ( SHIB) posted a deeper pullback of 10.9%. Together, these two coins dominate the meme coin economy’s total, with DOGE accounting for 46.9% and SHIB checking in at 10.4% of the $41.61 billion pie.

In third place this week, memecore (M) managed to swim against the current, posting an 8.7% gain over the same period and defying the broader slide. Pepe (PEPE) fell 11.3% week over week, while pump.fun (PUMP) took one of the steepest hits, dropping 28.2%, a move that may be tied to the ongoing class action lawsuit against the meme coin launchpad project.

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The U.S. President’s official trump (TRUMP) coin also drifted lower, giving up 8.7% over seven days. The meme coin TRUMP is down 93.1% from its all-time price peak. Bonk (BONK) slid 10.6%, and pudgy penguins (PENGU) dropped 14.6%, keeping the streak of soft performance across meme-linked assets firmly intact. The token spx6900 (SPX) sank 18.8% on the week, while pippin (PIPPIN) stole the spotlight as the group’s top performer, climbing 30% over the seven-day window.

Like Andy chucking Woody aside in the film Toy Story, the crypto crowd appears finished playing with meme coins, opting instead to chase the next shiny Buzz Lightyear-themed tokens or coins with stability and utility.

For now, meme coins look less like the life of the party and more like yesterday’s punch bowl, with capital and attention steadily drifting elsewhere. Whether this is a temporary timeout or a longer exile depends on whether the sector can offer more than jokes when the market asks for substance.

• Why are meme coins falling in 2025? Meme coins have lost more than $86 billion this year as traders rotate capital toward assets with clearer use cases and steadier prices.
• Which meme coins were hit hardest this week? Pump.fun (PUMP), spx6900 (SPX), shiba inu ( SHIB), and dogecoin (DOGE) all posted notable weekly declines.
• Are any meme coins still rising? Pippin (PIPPIN) and memecore (M) posted gains this week, bucking the broader downward trend.
• What is the current size of the meme coin market? As of Dec. 18, 2025, the meme coin sector is valued at roughly $41.61 billion.

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