Golden Finance reported that in December, the overall market value of Memecoin fell by about 30%, showing that the development momentum and demand for meme-based tokens have slowed down. CoinMarketCap data shows that on December 1, the total market value of memecoins was $120.14 billion. The figure briefly rose to $137.06 billion on December 9 before falling to a low of $92.67 billion on December 23. This represents a 32.38% decrease in market capitalization during the month. The current market capitalization is approximately $98.78 billion, down approximately 14.61% from the beginning of the month.