Has the memecoin supercycle finally ended? The memecoin market has shed nearly $50 billion in valuation since the launch of TRUMP. The total memecoin market capitalization jumped to $117 billion on the back of President Donald Trump’s official memecoin, TRUMP, but is down over 40% since its launch on Jan. 17. The total memecoin market capitalization is now $70 billion, shedding $47 billion in three weeks, and $56 billion from its all-time high in December. Top memecoin DOGE is down 25% in the last week. PEPE is down 35%, WIF is down 42%, and FARTCOIN is down 55% in the same period. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io