2026-01-17 19:39:23

A year has passed since that memecoin frenzy kicked off, and the numbers tell quite the story. What started with viral hype and speculation has now cratered roughly 93% from peak levels—a stark reminder of how quickly meme cycles can reverse.

This isn't just about one asset's downfall. It reflects a broader pattern in the memecoin space: explosive launches followed by brutal corrections. The initial euphoria tends to mask the underlying volatility and lack of fundamental value that defines these assets.

These swings serve as a cautionary tale for retail traders chasing momentum. While some memecoins do capture genuine community interest, many prove to be little more than speculative traps dressed up in internet culture. The 93% drawdown highlights why timing, risk management, and realistic expectations matter far more than just riding the hype wave. Market history keeps repeating itself in the memecoin segment—just with different tickers and narratives.

MEME-1,67%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

10 Likes

Reward
10
6
Repost
Share

Comment

0/400

WhaleShadow

· 4h ago

93% decline... That's the reality, buddy. --- Another harvest season for the reaped little guys. --- So, if there's no fundamentals, it's just a game of hot potato. --- I just want to know how many people are still bottom-fishing this thing. --- This kind of thing cycles every year, just changing the name to keep reaping. --- It's about time to wake up; memecoin has never been an investment. --- Having a community doesn't mean it's "genuine"? Come on, in the end, more people are left holding the bag. --- 93%... Sounds exciting, but that's the game rules. --- The key is that someone still believes, otherwise there wouldn't be a next round.

View OriginalReply0

ImpermanentLossFan

· 6h ago

93% Crash... Another round of cutting leeks completed --- When the market is rising, everyone is a fundamental analyst; when it falls, it's all about being fooled --- Basically, it's gambling. If you're lucky, you make some money; if you're unlucky, you're just waiting to be trapped --- Every time, newcomers say this time is different, and then history repeats itself... --- The real money makers have already run away, and the rest are waiting for a rebound --- Meme coins are like this; no matter how many warnings there are, human greed can't be stopped --- Old comrades, one more time: avoid investing in things without fundamentals --- Ah... another round of cutting and then saying "risk management is very important," how deep is this routine --- Let's see how many people have learned something from this 93% drop... I bet less than 1%

View OriginalReply0

PrivateKeyParanoia

· 6h ago

93% decline… That’s the price of chasing the trend --- Another "revolutionary" coin explodes, surprise or not --- This time last year, I was still hyping it in the group, now no one even mentions it --- Meme coins are just gambling. Don’t look for any reasons for yourself --- Really, it’s always the same routine… just change the name and keep cutting --- Does anyone really use their living expenses to play this game? That’s too harsh --- 93% isn’t the harshest, I’ve seen 98%… Wake up, everyone --- Community enthusiasm? Ha, as long as the price rises, everyone’s a believer --- The problem isn’t the coin, it’s human nature that will never learn its lesson

View OriginalReply0

PaperHandSister

· 6h ago

93% decline... This is the price paid for chasing highs last year. Another round of harvesting the leek is complete, and when the next concept comes along, people will continue to follow suit.

View OriginalReply0

FUD_Whisperer

· 6h ago

93% crash? I knew it would turn out like this, it's always the same routine. Just another round of a leek-cutting game, don't ask me how I know. I've said it before, meme coins have no fundamentals, yet still a bunch of people rush in one after another... Did you learn your lesson this time? Anyway, the next Aping will still attract the same number of people.

View OriginalReply0

MetaverseVagrant

· 6h ago

93% decline, this is the fate of meme coins... I already said not to chase the hype, but some people still rush in Another round of cutting leeks, the tricks haven't changed The frenzy from a year ago has now turned into tears This time is a real lesson, anything without fundamentals will eventually collapse Every time there's a new story wrapped around it, but the essence hasn't changed Oops, another meme coin died, the next one is already on the way... Some people really expect meme coins to turn around, dreaming Risk management is easy to talk about, but when you're really losing money, who remembers 93%, this number itself is a joke

View OriginalReply0