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The crypto market has witnessed a notable decline today, with major crypto assets like Bitcoin, Ethereum, XRP, and Solana shedding their gains from earlier in the week. This market crash comes amid concerns that old BTC whales may be offloading their coins, having moved over $8 billion today. Why The Crypto Market Is Down Today
The post Crypto Market Crash: Why BTC, ETH, XRP, SOL Are Down Today appeared first on CoinGape.
Over the past three months, the meme coin market has seen a sharp decline, with its total market capitalization dropping by 56.8%.
This sharp decline has raised questions about whether the era of explosive growth for these digital assets has come to an end.
Meme coins experienced a massive surge in popularity throughout 2024. Over the year, the total market capitalization skyrocketed by 500%, with the meme coin narrative dominating the crypto sphere.
According to a CoinGecko report, meme coins were the most popular crypto trend in 2024. They accounted for 14.3% of total narrative interest—a significant rise from 8.3% in 2023.
Recent developments, however, present a contrasting narrative.
“There has been a significant drop in meme coin market cap since December. It’s the weakest narrative and not worth putting your money in it,” an analyst wrote on X.
As of March 5, the latest data showed the total meme coin market capitalization plummeted to $54 billion. This represented a 56.8% decline from its $125 billion peak on December 5, 2024.
Trading volumes have also taken a hit, dropping 26.2% in the past month alone. This has raised concerns about the “meme coin supercycle.”
“Is this the end of the meme coin supercycle?” crypto analyst Lark Davis questioned.
A meme coin supercycle refers to an extended period of rapid growth and speculation in meme-based cryptocurrencies. However, with declining numbers across the board, the community is now grappling with fears that the hype may be fading for good.
Dogecoin (DOGE), which accounts for nearly half of the total meme coin market capitalization, has declined 21.7% in the past month. The downturn is not limited to DOGE.
The second-largest meme coin, Shiba Inu (SHIB), has also suffered a substantial drop. Over the past month, it has slipped 10.6%. Similar trends have been observed in all 10 top meme coins.
The decline isn’t just affecting individual tokens—skepticism in meme coins as a whole appears to be rising. Elon Musk, for example, one of the most vocal supporters of DOGE, recently likened meme coins to “casinos.” He further cautioned against investing life savings in them. Meanwhile, Bitwise CIO Matt Hougan previously stated that the present time is the “end of the meme coin boom.”
Google Trends data further supports this waning hype. The search volume for “meme coin” has plummeted from a peak score of 100 in mid-January to just 8 last week. This suggested that public enthusiasm was fading as fast as it surged.
The impact of this downturn is being felt across the ecosystem, particularly on platforms that thrived during the meme coin mania.
Pump.fun, a popular meme coin launchpad, has seen its trading volume crash from $3.3 billion in January 2025 to just $814 million. This marked aa staggering 75.3% drop.
Additionally, the total number of tokens created on Pump.fun has been steadily decreasing since late January. Moreover, the daily revenue has also fallen sharply.
The post Meme Coin Market Shrinks by Billions—Is the Supercycle Over? appeared first on BeInCrypto.
The Mexican Peso (MXN) has continued its upward trajectory, buoyed by softer-than-expected inflation data and growing expectations of a rate…
The post Philippines SEC Unveils New Crypto Regulation appeared first on Coinpedia Fintech News
On Thursday, the Philippines enacted stricter crypto rules under the new SEC Memorandum Circulars Nos 4 and 5, mandating a CASP license with a capital requirement and reporting of AML. Experts say this new framework in the Philippines lays the groundwork for broader crypto adoption in the country.
No License- No Business
Investment requirement policy
Physical office
Consumer Protection
The bill was initially issued on May 30th and later took effect on June 12. It states that if a token/ crypto behaves like a financial product or security under federal law of the country, it is subject to SEC regulation.
Therefore, the SEC holds the authority to suspend or revoke the CASP license for noncompliance. Guilty CASP will face a fine of up to PHP 100 million and imprisonment for up to five years.
Luis Buenaventura, head of crypto finance at super-app GCash, said there will be substantial challenges implementing the new CASP rules.
“Regulation is rarely perfect on day one, but as long as the regulatory authority takes a progressive approach and stays open to refining the framework over time, then I think this signals the Philippines,” said Nathan Marasign, Partner at MLaw Office.
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The post Philippines SEC Unveils New Crypto Regulation appeared first on Coinpedia Fintech News
On Thursday, the Philippines enacted stricter crypto rules under the new SEC Memorandum Circulars Nos 4 and 5, mandating a CASP license with a capital requirement and reporting of AML. Experts say this new framework in the Philippines lays the groundwork for broader crypto adoption in the country. Key Components of the New SEC Crypto …