Memecoins Struggle to Attract Sidelined Liquidity Amid Crypto Market Downturn

The crypto market's resilience during periods of fear, uncertainty, and doubt (FUD) is being tested as memecoins fail to attract sidelined liquidity.

Traditionally, memecoins have provided a safe haven for investors seeking high-risk investments. However, the recent collapse of TRUMP and MELANIA coins has led to a significant decline in confidence in the market.

According to CryptoRank data, the launch of these coins has slowed speculative flows and shaken the market's usual high-beta dynamics. The result is a $10 billion drop in memecoin market cap over the last 30 days, mirroring the overall crypto market's decline.