PANews reported on December 29 that according to Cointelegraph, in December, the overall market value of Memecoin fell by about 30%, showing that the momentum and demand for meme-based tokens have slowed down. CoinMarketCap data showed that on December 1, the total market value of memecoins was $120.14 billion. On December 9, the figure rose to $137.06 billion, and then fell to a low of $92.67 billion on December 23. This means that the market value fell by 32.38% that month. The current market value is about $98.78 billion, down about 14.61% from the beginning of the month.