{"id":634974,"date":"2025-03-12T15:12:50","date_gmt":"2025-03-12T15:12:50","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=634974"},"modified":"2025-03-12T15:12:50","modified_gmt":"2025-03-12T15:12:50","slug":"meme-coins-are-dead-says-coingecko-co-founder-can-these-3-presales-prove-him-wrong","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/sponsored\/meme-coins-are-dead-says-coingecko-co-founder-can-these-3-presales-prove-him-wrong","title":{"rendered":"Meme Coins Are ”Dead,” Says CoinGecko Co-Founder\u2014Can These 3 Presales Prove Him Wrong?"},"content":{"rendered":"
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.<\/span><\/p>\n “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 <\/span>post<\/span><\/a>.<\/span><\/p>\n He added that “LIBRA was the final nail in the coffin” for the <\/span>meme coin<\/span><\/a> market because it shattered “the illusion that meme coins were fair launches.”<\/span><\/p>\n 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.<\/span><\/p>\n Along with the steep drop in Pump.fun’s trading volumes, CoinMarketCap <\/span>data<\/span><\/a> 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.<\/span><\/p>\n 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 <\/span>meme coins<\/span><\/a> fail while a few rise to the top and endure.<\/span><\/p>\n While meme coins have been in the doldrums recently, Ong might be announcing their death prematurely.<\/p>\n 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.<\/p>\n The key to survival seems to be based on the high levels of utility offered by projects like MIND of Pepe (MIND)<\/span><\/a>, <\/span>Meme Index (MEMEX)<\/span><\/a> and BTC Bull Token (BTCBULL)<\/a>, <\/span><\/p>\n 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?”<\/span><\/p>\n Let’s take a closer look:<\/p>\n<\/p>\n
Activity Around Meme Coins Plummets<\/span><\/h2>\n
Meme Coins Are Dead – Long Live Meme Coins<\/span><\/h2>\n
MIND Of Pepe (MIND)<\/span><\/h3>\n