2026-01-12 07:32:33

Meme coin market experiences a significant correction. Since 2025, the total market capitalization of the entire sector has plummeted from $93.1 billion to $36.5 billion, a decline of over 60%, and the daily trading volume has also decreased accordingly, currently hovering around $3 billion. More notably, there is an extreme concentration phenomenon in the market—Dogecoin and Shiba Inu, the two leading meme coins, together account for 84% of the total market value, which means the survival space for other meme coin projects has been severely compressed. Market reshuffling intensifies, the head effect is obvious, and the risk factor for small-cap coins has sharply increased.

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OffchainOracle

· 01-12 08:01

Dogecoin and Shiba Inu have eaten up 84%, and other projects were directly cut off... This is the Matthew Effect of Web3.

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SmartContractPlumber

· 01-12 08:01

Wow, 84% is concentrated in just two coins, which is comparable to the permission control vulnerabilities of some terrible contracts—both are centralized to an alarming degree. --- What does a 60% decline mean? It simply indicates that most meme coin projects lack any fundamental support, just like the contracts I’ve reviewed that haven't undergone formal verification—fragile and insecure. --- Small-cap coins are doomed, but on the flip side, who’s to blame for projects not even performing basic security checks on their contracts? --- The entire sector is like smart contracts with poor permission control—looks lively but is vulnerable with a single poke. --- 84% of the market cap is eaten up by the top players; investors in other coins are only now realizing what it feels like to get sliced. --- This round of adjustment is essentially a market re-pricing, but the problem is that many of these small projects’ contracts might not even have passed basic security audits. --- Meme coins already lack any real value support, and this shakeout was long overdue.

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BearMarketBuyer

· 01-12 08:00

Everyone says to buy the dip, but these small coins are gone just like that. Let's wait and see if DOGE can save the day.

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rekt_but_resilient

· 01-12 08:00

Haha, this again. Small-cap coins should have been phased out long ago. The bad money drives out the good money, and that's that. Everyone who made money with Dogecoin has become wealthy. The remaining small-cap coin bagholders better be cautious. A 60% drop? I'm just waiting to buy the dip. Anyway, it's all gambling. This industry is like this: the strong get stronger. Don't think you can turn things around with knockoffs. Wake up. With such high concentration, it's actually more stable. With the two giants supporting the market, retail investors are better off than chasing those worthless coins.

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SatoshiChallenger

· 01-12 07:46

Data shows a direct halving from 93.1 billion to 36.5 billion. Interestingly, some people still genuinely believe the next "dog coin" will be the one in their hands [cold laugh]. 84% is concentrated in two coins, which is a typical bubble cycle. I'm already tired of seeing this. Ironically, the meme coins that retail investors loved most initially—those "small and beautiful" ones—have now all become tools for cutting leeks. I'm not trying to criticize, but anyone who has studied history knows what extreme centralization like this means. A 60% drop, and some people are still bottom-fishing—good luck to everyone. Trading volume has fallen to 3 billion, market liquidity is drying up, and the death of small-cap coins is imminent. From a technical perspective, meme coins are nothing; from a speculative point of view, entering now = giving money to the whales. Interesting. Previously, they hyped "democratized finance," but now they’re silent. Objectively speaking, the fact that DOGE and SHIB account for 84% shows that this track has no real value discovery at all.

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OnchainDetective

· 01-12 07:41

Wait, 84% of the market cap is concentrated in two coins? This data seems a bit too "coincidental." According to on-chain data, we need to analyze the recent capital flows of these top coins to see if there is a typical pattern of main force accumulation after concentrated dumping.

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NervousFingers

· 01-12 07:39

Is this the wolf pack? DOGE and SHIB have eaten up 84%, and the remaining hundreds of coins are just along for the ride. --- A 60% decline—that's the real big show of cutting leeks. --- Now investing in small coins is just free money, no suspense at all. --- With such high market concentration, the meme coin track is probably about to cool down. --- It feels like DOGE and SHIB are bloodsucking, and other projects have no way out. --- Falling to 36.5 billion, and people still dare to buy small coins? Bro, you're gambling on luck. --- During the market reshuffle, those with a bit of brains are probably just watching. --- The entire meme coin track has become a 20/80 phenomenon, with the remaining 80% being pure dead water. --- The big players are eating the meat, retail investors are drinking the soup, but in the end, there's no soup left. --- This decline is real, but the ones buying DOGE and SHIB probably aren't doing much better.

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