Meme Coin Market Cap Falls to $39.4B as NFT Valuations Drop 43% to $2.78B

The meme coin sector's market capitalization declined to $39.4 billion, down 66% from its January 5 peak of $116.7 billion. NFT valuations fell 43% over 30 days to $2.78 billion, the lowest level since April. Major tokens including Dogecoin, Shiba Inu, and Pepe recorded weekly losses exceeding 12%.