Since late May, the market capitalization of meme coins has shrunk by over 20 billion dollars, and search interest on Google Trends has dropped to 22.

On August 19th, according to Google Trends, the search volume for “memecoins” has dropped significantly, with a current score of 22. The highest score for this search term was 100 during the week of March 10th to 15th, 2024. In addition, historical data shows that on May 21st, 2024, the Market Cap of Meme coins was $59.62 billion, which has now decreased to $39.59 billion, a reduction of $20.02 billion in 89 days.

MEME-4.8%
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