Data: Memecoin sector market cap drops 65% in one year to $35 billion

ChainCatcher reported, according to CoinMarketCap data, the market capitalization of the Memecoin sector has dropped to $35 billion, marking the lowest level of the year and representing a 65% decline from the approximately $100 billion valuation during last year's Christmas period. As of Friday, the sector's market cap had rebounded to around $36 billion.