Crypto Chaos: Memecoins and NFTs Take a Big Hit

The crypto world saw some wild swings recently. Memecoins, those digital currencies that often start as jokes, took a big tumble. Their total value dropped to $39. 4 billion, the lowest point in 2025. In just one day, over $5 billion vanished. This is a huge change from early January when these coins were worth $116. 7 billion. It's not just memecoins feeling the heat. The entire crypto market shrank from $3. 77 trillion to $2. 96 trillion in just three weeks. Big names like Bitcoin and Ether also felt the pain. Bitcoin, the most valuable cryptocurrency, lost nearly 15% of its value in a week. Ether, another major player, dropped about 16%. The top memecoins, including Dogecoin and Shiba Inu, saw double-digit losses. Some, like Bonk and Pepe, lost even more, with drops of over 20%. It's not just memecoins struggling. NFTs, or non-fungible tokens, which are unique digital items, also took a hit. Their total value fell to $2. 78 billion, the lowest since April. Most top NFT collections saw big drops. Hypurr NFTs lost 41%, Moonbirds dropped 32. 7%, and CryptoPunks fell 27. 1%. Only a few collections, like Infinex Patrons, managed to gain value. This downturn shows how risky these investments can be. One day, they're soaring, and the next, they're crashing. It's a reminder to be cautious and do your research before jumping into the crypto world.