2025-12-08 08:00:25

#数字货币市场洞察 $800 billion has vanished into thin air—the "diving show" sweeping the crypto world is still ongoing.

The worst hit is the meme coin sector. $39.4 billion—that’s its lowest point reached in 2025. Over $5 billion evaporated in a single day. Looking back at the peak on January 5 at $116.7 billion, it’s now down by more than two-thirds. The top ten meme tokens? Not a single one was spared. DOGE and SHIB both saw double-digit drops, and even the relatively “resistant” TRUMP couldn’t withstand an 11.65% decline.

The NFT market is just as bleak. Total market cap has shrunk to $2.78 billion, nearly halved from $4.9 billion a month ago, marking the worst record since April. The Hyperliquid Hypurr NFT series led the losses, plunging 41.1% in a single month; Moonbirds dropped 32.7%, CryptoPunks and Pudgy Penguins fell by 27.1% and 26.6% respectively. If blue-chip NFTs can’t hold up, retail projects can only fare worse.

Zooming out, the entire crypto market has slid from $3.77 trillion in early November to $2.96 trillion now—a few months’ wipeout equivalent to the GDP of a medium-sized country.

The cold wave is still ongoing. When will the turning point come? Everyone is waiting for the answer.

DOGE1.21%

SHIB1.35%

TRUMP0.44%

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MeaninglessApe

· 18h ago

It dropped again and again. Meme coins are really beyond saving this time, right?

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ChainMaskedRider

· 19h ago

This is the moment of shattered dreams, two-thirds gone... Meme coins are indeed miserable, but I should have known it earlier. Things are even more outrageous on the NFT side; even blue chips can't hold up. Waiting for a turning point? Honestly, it's still early. Another round of wiping out the retail investors, old tricks again. The entire market has shrunk so much, it's a bit frightening. DOGE has dropped so much, does anyone still believe? No one can escape this wave, retail investors are outright finished. How long will the cold wave last? It will rebound when it’s time. Really, a night back to the pre-liberation era, it’s hilarious. Let's wait and see if it continues to fall; the mentality is collapsing.

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BridgeNomad

· 12-10 07:48

ngl, those liquidity migration patterns we're seeing rn are giving serious bridge exploit postmortem vibes. the TVL fragmentation across meme tokens is legitimately concerning—when you've got that much slippage tolerance being tested simultaneously, counter-party risk compounds fast. been there before, not repeating 2023.

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SmartContractPlumber

· 12-08 08:29

Another bloodbath caused by a permissions control failure. Judging by these numbers, it's a classic case of liquidity exhaustion.

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StakeWhisperer

· 12-08 08:27

Another plunge, meme coins are really running out of people this time... --- Two thirds just gone? I just want to know how those who rushed in at the beginning of January are sleeping now. --- NFTs have really become worthless, even blue chips are like this, what can we expect? --- 800 billion vanished just like that, is this web3? Haha --- DOGE and SHIB both dropped double digits, even TRUMP couldn't stop it, hilarious --- The question is, when is the bottom? This sideways movement is so painful. --- From $3.77 trillion to $2.96 trillion... this cold wave is much harsher than the last one. --- Wait, Hypurr NFT plummeted 41% in a month? Those holders must be so desperate. --- How many more people have to be wiped out before the turning point appears... --- "Everyone is waiting for the answer"—that line is perfect, but unfortunately, no one knows.

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bridge_anxiety

· 12-08 08:24

Oh my god, my meme coin portfolio just totally crashed. This is insane.

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ProtocolRebel

· 12-08 08:21

Oh my, this drop is absolutely insane. Two-thirds of Meme coins' value evaporated in just a month? My god. Wait, TRUMP can still drop another 11%? I thought this thing was the most resilient. I've long stopped understanding NFTs—anyway, I’m not touching that stuff. 800 billion just vanished like that. Can anyone tell me where that money went? Stop waiting for some turning point—if you need to cut your losses, just do it, brothers. By the way, Hypurr is doing so badly—is anyone bottom fishing, or has it all gone to zero? With the whole market crashing like this, anyone still calling this the bottom is a real daredevil. A month ago everyone was hyping Meme coins to the moon—look at it now. Wow, 800 billion evaporated in three months—this scale is just unreal. Everyone’s waiting for a turning point? I don’t think we’re there yet.

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RetiredMiner

· 12-08 08:10

Down again? DOGE has already dropped double digits, what are you waiting for? You should have bought the dip earlier.

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WhaleShadow

· 12-08 08:07

Oh my, two-thirds in a month—how many people must have been liquidated?

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