In December, the overall market cap of Memecoin fell by about 30% at one point, showing a slowdown in the momentum and demand for meme-based tokens. CoinMarketCap data shows that on December 1, the total market cap of memecoins was $120.14 billion. On December 9, the figure rose to $137.06 billion at one point, and then fell to a low of $92.67 billion on December 23. This means that the market cap decreased by 32.38% for the month. The current market cap is about $98.78 billion, which is about 14.61% lower than the beginning of the month.