Source: Cointelegraph Original: "{title}"
Commentator: TBCC Chief Technology Officer Igor Zemtsov
After the "Libragate" incident, the price of memecoins plummeted, with market capitalization dropping nearly 60% from its peak in 2025. But are meme tokens dead? They are more vibrant than a cat on caffeine.
Despite the chaos, as of March 10, the market capitalization of memecoins still stands at a staggering $47.9 billion. That's no small amount. Meanwhile, the "idiots" are still "buying the dip" like it's a "Black Friday" sale, firmly believing that absurdly named tokens like Unicorn Fart Dust, Fart Coin, and Butt Coin will yield them 100 times their investment by the end of the year.
Some call it irrational. Others say it's decadence. But when has anyone ever backed down in the cryptocurrency space?
Of course, Bitcoin (BTC), Ethereum (ETH), or Solana (SOL) have not completely triumphed over memecoins. They have been thoroughly wrecked. Prices have crashed, liquidity has dried up, and those traders who thought they could sip cocktails on their yachts are now busy dealing with the fallout in Telegram groups.
Don't think this is the first time memecoins have been declared dead. Every time the world writes them off, they somehow manage to bounce back—sometimes even with a more absurd rebound than before.
After all, logic has never been a strong suit in cryptocurrency. If it were, we wouldn't see tokens themed around farting valued at billions of dollars. Human nature tells us that people will always chase the next big hype cycle—especially when it comes wrapped in humor and the promise of overnight riches.
Memecoins are currently in a severe downturn. But are they dead? Impossible. Once another absurd trend takes hold, the funds will flood in. Because in the cryptocurrency realm, what goes down will eventually come back up in the most unexpected and sought-after ways.
Forget about white papers, roadmaps, or security audits. Memecoins don't need those. All it takes is a viral memo posted on X, a 10-minute token launch, and within weeks, its market cap can reach $50 million. Meanwhile, legitimate projects spend years developing products, hiring developers, and raising funds, only to watch their tokens struggle to gain traction.
Recent news: After the Bitcoin bubble burst, Solana's revenue plummeted 93% from its January peak.
For memecoins, community is everything. The larger the community, the better the effect. It's not just about those who retweet project updates ten times a day, but those who fully embrace the joke. These communities don't just speculate—they believe. When enough people believe in a narrative, the token will rise.
Shiba Inu (SHIB) has gained traction as the so-called Dogecoin (DOGE) killer. While it hasn't killed DOGE, it has evolved into a $9 billion token with its own blockchain. Some have taken even stranger approaches. Fart Coin has turned farting into finance. Unicorn Fart Dust has captured the magic of completely nonsensical branding. And Buttcoin, which mocked Bitcoin in 2013, has made a comeback, poking fun at the entire industry.
The formula is clear: the more absurd the name, the bigger the hype. Sometimes, "it's funny" is the only investment theory you need.
Of course, the crash has wiped out some gains, but let's not act like memecoins have disappeared. They haven't gone to zero; from a cryptocurrency perspective, they are survivors. A strong community, relentless memos, and top-tier memes can keep even the most ridiculous assets alive.
It makes sense for people to invest in Dogecoin rather than Apple stock. Well, sort of. Cryptocurrency has become a refuge for those tired of traditional finance. Banks freeze accounts. Regulators impose more red tape. Insider trading runs rampant. Meanwhile, memecoins represent a free market where anyone can win big or lose everything. No intermediaries. No rules. Just vibes.
Similarly, Buttcoin proves that people will go to great lengths for fun. Initially just a joke, it now has a dedicated community trying to make it the next Bitcoin. It's pure madness, and that's exactly why it succeeds.
Since the world has gone mad, why not profit from the chaos? As financial markets become more centralized, restricted, and controlled, memecoins offer an anarchistic alternative. They represent the Wild West of finance, where anything goes; even the most absurd assets can achieve billion-dollar valuations.
Memecoins have existed since 2013, when the launch of Dogecoin was merely a joke about speculative trading. No one— not even its creators—took it seriously until Elon Musk got involved and became its unofficial CEO.
That same year, Buttcoin was born from a YouTube video. At the time, it wasn't even a token, just a memo. But years later, the community decided to turn this joke into a real cryptocurrency. Because people love a good joke, it exploded—some even think it could be the next Bitcoin.
Each wave of new memecoins has pushed absurdity to new heights—first DOGE, then Shiba, and now Bonk (BONK). Now, we have a token market inspired by farts, trash, and butts. Somehow, these tokens have consistently outperformed serious projects.
As long as people still enjoy memos, memo coins will have a place in cryptocurrency. Internet culture has become an asset class.
Most memecoins started as a joke, but some have developed real utility. Tesla, AMC, and GameStop now accept DOGE payments. SHIB holders can shop at Gucci, Nordstrom, and Whole Foods. Even new projects like Solcat are launching games to expand their ecosystems.
Memecoins are no longer just "memos." They are shaping a new financial reality where virality, speculation, and internet culture determine value. But let's address the obvious question: the recent crash has significantly lowered valuations, and many can't help but wonder, what's next?
Will they continue to exist, or will we watch them gradually fade away? If history has taught us anything, it's that memecoins are like cockroaches—resilient, unpredictable, and always bouncing back. Investors should brace for more chaos, as these tokens remain as volatile as ever.
Memecoins may not be the hot topic right now, but honestly: the next big meme token is likely brewing in a Telegram group, just waiting for the moment to explode (or implode).
Author: TBCC Chief Technology Officer Igor Zemtsov.
This article is for general informational purposes only and is not intended and should not be construed as legal or investment advice. The views, thoughts, and opinions expressed in this article are solely those of the author and do not necessarily reflect or represent the views and opinions of Cointelegraph.
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