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After a 500% surge in 2024, meme coins are now in free fall, with market cap plunging from $125B to $54B since December. Trading volume is down 26% in a month, raising fears that the meme coin supercycle is ending. 🔥 Biggest Losers: 🚨 $DOGE : -21.7% (holds nearly half the market) 🚨 $SHIB : -10.6% 🚨 Other top meme coins: Similar declines 📉 Google searches for "meme coin" have collapsed, and launchpad pumpfun 's volume is down 75%. Even Elon Musk warns against investing in meme coins like a casino. Is this the end of MemeCoins or just a dip? Meme Alpha

The White House Crypto Summit, an event aiming to shape cryptocurrency policy in America, will occur this Friday, March 7. It will give the president and his crypto advisory group direct contact with key people in the crypto community. The summit is in line with Trump’s executive order which aims to “support the responsible growth and use of digital assets, blockchain technology, and related technologies across all sectors of the economy”. Trump aims to make America the crypto capital of the world, further embracing his crypto project, including many of his family members such as Eric Trump, who attended Bitcoin Mena 2024 in Abu Dhabi. The summit will be an opportunity for Trump to promote his own approach to innovation. He will remind the audience that the previous administration stifled crypto projects, introducing regulation that not only limited the crypto industry but further limited American innovation on the world stage. Trump has described the Biden administration as waging a war on crypto. In the first months of the new presidency, Trump established a working group for digital currencies, providing a platform for proposing regulatory frameworks. One of the main things that people in the crypto industry wanted from Trump was regulatory clarity so that the rules were clear and easy to abide by. Trump gave David Sacks, a cryptocurrency advocate, the job as leader of the new working group. “They just want to know what the rules of the road are”, said David Sacks, “so they can abide by them. We’re coming off frankly four years of arbitrary prosecution and persecution of crypto companies where the SEC wouldn’t tell founders what the rules were and then they would prosecute them”. Sacks recounts how many industry leaders were “debunked personally just because they had founded a crypto company.” He is looking forward to the crypto summit so that he can work with politicians and entrepreneurs to ” create a golden age for digital assets.” Needless to say, regulation will be a key focus of the crypto summit. Sacks will focus on forward-thinking regulation for stable coins and other digital assets. The White House Crypto Summit is rumoured to replace the previously named Crypto Advisory Council. The focus is expected to be more on cross-agency regulation, with added input from the private sector. The Bitcoin Strategic Reserve, the addition of Bitcoin to America’s gold reserves, may also feature prominently in the summit, having received extensive media coverage leading up to it. The summit will be succeeded by many new summits in the future, each focused on a separate piece of regulation and bringing in the appropriate crypto leaders when they have expertise on that regulation. The White House summit comes just days after Circle co-founder Jeremy Allaire stated that customers would be required to register with U.S. authorities. Circle is the company behind the world’s second-largest cryptocurrency. Allaire argued that stable coin providers should abide by the law and provide necessary consumer protections so that they do not ignore U.S. law and do whatever they want with crypto. “Whether you are an offshore company”, said Allaire, “or based in Hong Kong, if you want to offer your US dollar stablecoin in the US, you should need to register in the US just like we have to go register everywhere else.” The upcoming summit, focusing on regulation, may clarify how legislation will affect stable coins. David Sacks, head of the new group for working with digital currencies, has stated that stable coins could be used to spread the dominance of the U.S. dollar worldwide. Trump, who once described crypto as a scam, campaigned to stockpile Bitcoin reserves, regulate stablecoins, promote friendly crypto leaders, and create reasonable regulations that promote innovation rather than stifle American industries. Crypto leaders responded by funding Trump’s inaugural committee on cryptocurrencies with millions of dollars. This new approach offers a very large departure from the previous administration, which had a very hostile take on cryptocurrencies. Having dealt with the FTX exchange and many other crises that gave crypto a bad reputation, Trump has introduced his own meme coin, and his family members have helped create a crypto project called World Liberty Financial.

Big money isn’t made in meme coins. Big money is made with Bitcoin.

The volatile crypto market highlights the importance of dependable mechanisms to indicate likely price bottoms as well as market turning points. In this respect, Glassnode has recently unveiled a unique Capitulation Metric in line with the Cost Basis Distribution to provide traders with a data-led tool to navigate Bitcoin ($BTC) and overall market cycles. The platform shared the details of this metric in an exclusive report. Have $BTC or $ETH reached a local bottom yet? What about top meme coins? Our capitulation metric, based on Cost Basis Distribution (CBD), helps pinpoint these moments offering a data-driven view into potential market turning points. 🧵👇 pic.twitter.com/aR1dp8yrJs — glassnode (@glassnode) March 4, 2025 Glassnode Unveils Capitulation Metric, Offering Better Overview of Losses and Investor Sentiment As per Glassnode, the conventional metrics indicating realized loss deal with losses equally. However, deep drawdowns reportedly influence investors to a significant extent. Based on this, Capitulation Metric is responsible for identifying such a difference by implementing quadratic weighting, emphasizing bigger losses. The respective refined approach delivers a relatively precise representation of the selling pressure and the wider investor sentiment. A prominent feature of Glassnode’s Capitulation Metric take into account the detection of local bottoms in line with the capitulation signals. In addition to this, the metric also detects where troubled sellers quit the market. Moreover, it also leverages on-chain data to assist in making sagacious trading decisions. Crypto market bottoms often take place during the extreme distressful periods. These times are marked by peaks of forced sellings and capitulation by exhausted investors. The Capitulation Metric tracks these changes in the wider supply distribution by utilizing CBD. Strengthening Relatively Informed Decisions in Extreme Market Conditions According to Glassnode, the Capitulation Metric takes into account 3 main features. One is “Weighted Sell Volumes,” which implements a quadratic function to examine prices for the identification of severe losses. Additionally, another prominent feature is “Smoothing for Clarity.” it includes a 7-day EMA to filter out temporary noise to get robust trend analysis. Moreover, the 3rd well-known feature is “Non-Linear Economic Pain.” It weighs losses in line with psychological influence instead of nominal value. Overall, Capitulation Metric offers wider insights into likely buying opportunities, letting investors make relatively informed decisions in extreme conditions.

NFT collection Mfers’ pilot episode is full of references to memes and meme culture