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CoinGecko co-founder Bobby Ong says the meme coin market is “dead” in the near term following a series of bad launches and rug pulls that he believes have killed investor interest.
“The launch of TRUMP and MELANIA marked the top for meme coins as it sucked liquidity and attention out of all the other cryptocurrencies,” Ong said in a blog post.
He added that “LIBRA was the final nail in the coffin” for the meme coin market because it shattered “the illusion that meme coins were fair launches.”
Activity Around Meme Coins Plummets
Ong’s remarks come after trading volumes on Solana’s popular Pump.fun meme coin platform plummeted 63% between January and February this year, signaling a steep drop in investor interest.
Along with the steep drop in Pump.fun’s trading volumes, CoinMarketCap data shows that the market capitalization of the meme coin market has dived more than 62%, from an all-time high of $124 billion on Dec. 5 to around $46.7 billion now.
In the blog post, Ong also speculated that the market might be headed for an “extreme case of power law,” a period wherein 99.99% of meme coins fail while a few rise to the top and endure.
Meme Coins Are Dead – Long Live Meme Coins
While meme coins have been in the doldrums recently, Ong might be announcing their death prematurely.
In the presale market, there are new launches that continue to defy the downturn even as turbulence from Donald Trump’s tariff war against Canada, Mexico, China and others batters much of the crypto market.
The key to survival seems to be based on the high levels of utility offered by projects like MIND of Pepe (MIND), Meme Index (MEMEX) and BTC Bull Token (BTCBULL),
By pumping almost $15 million into these projects cumulatively, are investors already identifying them as among the 0.01% of meme coins that will survive the shake out under Ong’s ”extreme case of power law?”
Let’s take a closer look:
MIND Of Pepe (MIND)
If meme coins are dead, it seems MIND of Pepe failed to get the memo, with its presale funding already surging past $7.2 million in less than two months.
MIND is the first AI derivative of the popular Pepe the Frog brand. Central to the project is a powerful AI agent that can perform hive-mind analysis online to identify emerging trends in the crypto market.
After spotting a trend that the rest of the market has not caught onto yet, the computer model shares its insights with the MIND of Pepe community through token-gated groups.
In addition to passively looking out for trends, MIND of Pepe’s AI can take a more active approach to steer the market narrative by engaging with influencers and traders on social platforms such as X and Discord.
With this ability, the AI can launch its own tokens and then hype them up online, giving MIND holders first access to hot-trending cryptos.
Meme Index (MEMEX)
While Bobby Ong says meme coins are dead, Meme Index is all about the future of meme coin investing.
It offers diversified meme coin investing for the first time, giving investors exposure to huge potential upside while spreading risk.
Meme Index offers four options to match different risk levels and strategies: Meme Titan, Moonshot, Midcap, and Meme Frenzy.
Meme Titan is the lowest-risk option, investing in meme coin titans like Dogecoin, Shiba Inu, and Pepe.
Meme Frenzy is the highest-risk choice, giving exposure to volatile new tokens that might explode or implode, offering an exhilarating ride for those with the strongest stomachs.
99Bitcoins, a prominent crypto YouTube channel with over 725K subscribers, says MEMEX has the potential to be the next 100X crypto.
Investors just need to buy the token to gain access to the four meme coin funds.
The project’s presale, which has raised more than $3.9 million, has entered its final stage.
Investors now only have less than 19 days left to buy Meme Index at the lowest possible price before it lists.
BTC Bull Token (BTCBULL)
BTC Bull Token is a Bitcoin-themed meme coin that is still very much alive, and showing every sign of becoming the meme coin market’s own BTC.
As the king of cryptos soars to new all-time highs, the project will reward its token holders with free BTC via airdrops at certain milestones. These airdrops start at $150k, and repeat with every subsequent $50k increase in the Bitcoin price.
There will also be BTCBULL token burns at certain Bitcoin price milestones, a feature that mimics BTC’s growing scarcity. The burns start when Bitcoin hits $125K, and repeat with every $25k increase after that.
Each token burn will reduce supply, putting upward pressure on the BTCBULL price, which in turn will trigger real Bitcoin airdrops.
So far, the project’s presale has raised over $3.5 million in a fraction more than a month, and it shows no sign of slowing down.
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