Big drop in the breast coin market: $ 44 billion deleted
In the last three weeks, the total value of the breast coin market decreased by more than $ 44 billion and fell to $ 75 billion as of the moment the news was written.
According to Crypto Analyst Cryptopus’s sharing on the X platform, the breast coin market has lost more than $ 44 billion in the last three weeks. At the end of December 2024, the market value of over $ 110 billion is currently about $ 75 billion.
This decrease came after a period in which breast coins performed better than all other crypto asset classes during 2024 and grew by 500 %in January 2024 to $ 20 billion in December.
According to Binance’s annual analysis, breast coins was the crypto sub -sector, which was the best performance in 2024 with a 212 %gain and gained a large place on the market agenda. Although the leading breast coins were scattered to solana and Ethereum ecosystems, the first three projects, including Dogecoin, were still in the Ethereum network.
One of the biggest factors of this growth was the success of the Pump.fun platform, which enabled the rapid release of breast coin projects. In 2024, the platform started more than 5.7 million new projects and earned more than $ 400 million.
However, after the breast coin market reached a level of 120 billion dollars at the end of December, it experienced a harsh retreat, and according to CONKEECKO data, it has now declined to approximately $ 75 billion. This big decline has created question marks as to the sustainability of the breast coin craze and whether the sector has entered a new stage.
Cryptoquant CEO, Ki Young Ju, described the current situation as ı the summit of inflated expectations .. According to Ju, this stage usually follows the “Disappointment Pit ;; A period in which speculative balloons go out, then the market sits on a more sustainable ground by gaining stability.
The last decline may indicate that the breast coin industry is in the “disappointment pit” stage by Young Ju.
On the other hand, Ju does not expect the breast coins to disappear completely. Instead, it foresees that it will gradually mature in the next five years and take a more permanent role in the crypto economy. According to him, speculative investments in the market decrease, while projects with stronger community support and use scenarios may come to the fore.
Breast Coins are known as projects that have a great impact on social media and grow with community power. However, the long -term success of these projects is often based on factors such as market cycles, adoption rate and ecosystem development.
Previously, great rise and harsh corrections have been experienced in the crypto market. The current decrease can be seen as a potential purchase opportunity for others, while increasing risks for some investors. However, it is emphasized that investors should act considering wider market trends instead of short -term speculation.