During the last bull market, on the so-called Solana meme coin seasonmany recent cryptocurrencies have come to the fore. The capitalization of these digital assets has ranged from tens of millions to a billion dollars, sometimes in just a few months. Due to their rapid growth rate, these meme coins quickly gained a wide base of holders. However, as the bear market hit, these billion-dollar meme coins dropped significantly, completely eliminating most of their gains.

The value of the POPCAT Meme coin has increased from $2 billion to less than $50 million

POPCAT is one of the most recognizable names to emerge during Solana’s meme coin season, but its growth trajectory is even more compelling. When the meme coin is the price exceeded $1 in 2024, it was the first cat-themed meme coin to officially cross this vital milestone.

The total growth from just under $1 million to over $2 billion occurred in less than a year, marking one of the most impressive meme coin growth in history. What’s even more compelling is the fact that the meme coin didn’t stop there, eventually reaching $2 billion before reaching its peak.

However, since the initial decline that began in November 2024, the price is now down more than 97%. At its peak, the price dropped from $2.05 per coin and the market capitalization of the meme coin has dropped below $50 million as it is currently trading at $0.05 at the time of writing. This classifies it as one of the worst failures that have previously plagued the most popular meme coin.

The number of cats in the dog world (MEW) is rapidly decreasing

Unlike POPCAT, Cats in a Dogs World (MEW) entered the meme coin market “fully formed.” The The meme coin entered the scene with a market capitalization already over $100 million, prompting accusations that it was a “clique coin.”

Nevertheless, the meme coin continued to grow, eventually reaching just over $1.2 billion. This occurred before the bear market, and the price began to decline again in November 2024. Since then, the price has fallen over 95%, and the market cap is now just $50 million.

Meme coin Peanut The Squirrel (PNUT) is disappointing investors

Peanut The Squirrel (PNUT) is a meme coin named after the eastern gray squirrel that went viral after its death in 2024. The squirrel’s death sparked public outrage after it was rejected by the New York State Department of Environmental Conservation (DEC), and the meme coin was born shortly thereafter.

After its launch, the meme coin quickly rose to prominence, gaining support from the community Binance cryptocurrency exchange and quickly get on the list. As a result, it managed to surpass the $1 billion market capitalization in less than a month, becoming the fastest on this list to reach this milestone.

Just as its growth trajectory was the fastest, the PNUT meme coin suffered the most in terms of losses. According to data from Coingecko website, the coin has dropped over 98% since November 2024 and currently has a market capitalization of $40 million.

Featured image from Dall.E, chart from TradingView.com