November 21st. Today, the meme coin market has plunged to its lowest valuation since 2025. The total market cap has dropped to $39.4 billion, with over $5 billion evaporating in the past 24 hours. This represents a decrease of about 66.2% from the historical high of $116.7 billion set on January 5th. Top meme tokens across the board have witnessed a sharp decline. In the past 1 hour, 24 hours, and 7 days, the top ten meme coins have all shown declines. DOGE and SHIB have recorded double-digit losses, while TRUMP has experienced the smallest drop but still fallen by 11.65%. The total market cap of NFTs today has dropped to $2.78 billion, which is a 43% decrease from $4.9 billion 30 days ago. It has hit the lowest point since April. Over the past 30 days, most of the top ten NFT collections have seen double-digit declines. The Hyperliquid Hypurr NFT series has experienced the largest drop of 41.1%. Additionally, Moonbirds has fallen by 32.7%, CryptoPunks by 27.1%, and Pudgy Penguins by around 26.6%. Meanwhile, the entire crypto market cap has fallen from $3.77 trillion on November 1st to $2.96 trillion, with $800 billion evaporating in three weeks.
