Trading Volumes of Meme Tokens on DEX Reach Annual Low

Following the hype surrounding TRUMP and the indirectly related LIBRA, associated with the President of Argentina, trading volumes of “funny coins” on non-custodial exchanges have significantly decreased.

$LIBRA marked the local top for memecoin volumes in 2025 pic.twitter.com/9wvzOcOeoh

— Messari (@MessariCrypto) February 26, 2025

The chart shows that the current figure is approximately 10 times lower than the ATH reached on January 19. After the launch of TRUMP, volumes in the segment began to decline. 

Amid the rise and fall of LIBRA, trading volume again recorded a local peak, but then started to decrease once more.

Who’s Next?

The greatest interest in “presidential coins” came from traders in the United States, Germany, and Canada.

No matter the head of state, the United States wants in on the action.

US addresses were top traders of head of state memecoins, followed by Germany and Canada.

Olaf Scholz next? pic.twitter.com/8KZnhXyzgJ

— Artemis (@artemis) February 17, 2025

“Olaf Scholz next?” analysts at Artemis wondered.

Has the Bubble Burst?

The decline in interest in meme coins amid market correction may be indicated by the reduction in “production capacity” at Pump.fun—the “meme token factory” faced a sharp decrease in the number of tokens reaching listing on the decentralized Solana exchange Raydium. 

The GMCI Meme Index, reflecting the capitalization of the largest “funny coins,” has fallen to September levels.

Since the beginning of the year, the metric’s value has decreased by 48%. 

The chart below also illustrates a significant and almost simultaneous decline in the capitalization of coins on various themes after the peak reached in early December.

As reported, Bernstein predicted a liquidity shift from meme coins to DeFi and NFT. Analysts also believe that the decline in hype around “funny coins” will positively impact stablecoins and RWA.