Meme Token Market Cap Falls to $39.4B, NFTs Hit Lowest Since April

Meme token market capitalization declined to $39.4 billion on November 21, down over $5 billion in 24 hours and approximately 66.2% below the January 5 peak of $116.7 billion, market data show. Top-ten meme tokens posted losses across one-hour, 24-hour, and seven-day periods, with DOGE and SHIB recording double-digit declines and TRUMP falling 11.65%. NFT total market cap dropped to $2.78 billion, down 43% from $4.9 billion thirty days prior and the lowest level since April. Leading collections including Hyperliquid Hypurr NFT (down 41.1%), Moonbirds (down 32.7%), CryptoPunks (down 27.1%), and Pudgy Penguins (down 26.6%) experienced declines over the past 30 days.