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Meme Coins: Signs of a Comeback? Since the meme coin frenzy ended in Nov 2024, meme coins slowly faded out of the market. By Dec 2025, their share within the altcoin market dropped to a historical low. Basically, nobody cared anymore. In the past, whenever meme coins reached this level of irrelevance, a new meme season eventually followed. In Nov 2024, meme coins were at peak, made up ~11% of the altcoin market cap, by Dec 2025, it fell to ~3% Over the last few days, as major meme coins started pumping, this ratio has begun to move up again. This doesn’t mean “meme season is confirmed.” It simply means the conditions that usually appear before meme rallies are forming again.