CoinTelegraph

Zeta Markets co-founder: After a significant sell-off, the meme coin market will concentrate on leading projects, while other coins will gradually lose attention

ChainCatcher news, according to CoinTelegraph, the meme coin market has erased all gains following President Trump's election victory, having evaporated more than half of its market value since December last year. CoinMarketCap data shows that the total market capitalization of meme coins dropped from $124 billion on December 5, 2024, to $54 billion on March 5, 2025, a decline of 56%.The meme coin market gradually declined after reaching an all-time high of $137 billion on December 8, 2024. Although there was a brief rebound during the issuance of meme coins by Trump and First Lady Melania in January, the overall trend remains downward. Industry observers attribute this massive decline to factors such as a turbulent global economic environment, lack of meme coin regulation, insider trading scandals, and endorsements by public figures.Anmol Singh, co-founder of Zeta Markets, stated, "The meme coin bubble has burst," citing reasons including economic uncertainty under the Trump administration, the combination of U.S. economic and foreign policy, and excessive involvement from celebrities and social media influencers. Singh predicts that after experiencing significant sell-offs, the meme coin market may concentrate on major meme coins like Dogecoin, Pepe, Bonk, Dogwifhat, and TRUMP, while "other coins will gradually lose attention."

Cointelegraph: A survey found that the "crypto voting group" in the U.S. election reached 26 million

ChainCatcher news, according to Cointelegraph, a survey found that approximately 26 million American voters make up a "cryptocurrency voting bloc," who will prioritize support for cryptocurrency policies when deciding which candidate to vote for in the upcoming elections.According to a survey released by The Digital Chamber on October 17, among 1,004 respondents, one in seven (or 16%) indicated that cryptocurrency is "extremely" or "very" important in deciding who to vote for, and if a candidate supports cryptocurrency, they are "very" or "somewhat" likely to vote for that candidate. The respondents included both Democrats and Republicans, with at least 25% of Democrats and 21% of Republicans stating that a candidate's stance on cryptocurrency would positively influence their likelihood of voting for that candidate. The survey also found that two-fifths of Black voters consider a candidate's cryptocurrency policy an important criterion in deciding who to vote for, a proportion more than double that of White voters.Perianne Boring, founder and CEO of The Digital Chamber, stated that as experts predict an unusually fierce battle for the White House, the survey results should serve as a "wake-up call for policymakers." Boring said, "Given the expected narrow margin in key elections, this bipartisan cryptocurrency voting bloc could tip the balance. Voters are sending a clear message—they want sensible and balanced regulation that protects consumers without stifling innovation."
ChainCatcher Building the Web3 world with innovators