The great memecoin party of 2024 has finally crashed, and it’s taking the entire market with it.

Pump.fun's token "graduation rate" has fallen below 1% for four straight weeks, meaning 99% of these tokens are basically dead on arrival.

No more overnight millionaires, no more dog-coin moonshots – just a graveyard of failed JPEGs and empty Discord servers.

The Degen Destruction

Not even the biggest names in politics could keep the memecoin casino open.

Trump's token has cratered a catastrophic 84% from its ATH, proving that not even presidential backing can save a dying trend.

The risk-on appetite that fueled the entire sector has completely evaporated, leaving bag holders wondering where all the liquidity went.

The "degenerate lottery tickets" aren't paying out anymore, and the house always wins in the end.

Market Melts Down

It’s not just a few dead dog coins that are feeling the pain – the entire market is now reeling after the meme coin bubble has seemingly burst. 

Matrixport just reported a staggering $1 trillion wipeout in total crypto market cap, and the memecoin collapse is a major contributor.

The weakening dollar should've been rocket fuel for crypto, but instead we're watching prices slide like they're coated in butter.

When the speculative froth gets blown off the market, even the blue chips feel the chill.

Bitcoin's Bad News

Bitcoin isn't sitting in some ivory tower watching the alts burn – it's caught in the same downward spiral.

Analysts are now warning that BTC could retest $73K support if the current sentiment continues its downward trajectory.

The king crypto can pretend it's not influenced by memecoin madness, but the charts tell a completely different story.

Every sector of crypto is connected, and right now they're all connected by a shared sense of dread.

Psychology Shift

The market has flipped from "ape into everything" to "question everything" at lightning speed, and short term traders are left holding bags that likely won’t ever seen profitability. 

When the fun money stops flowing into pump.fun, it means risk appetite across the entire ecosystem is on life support.

We're watching a textbook rotation from greed to fear playing out in real-time across trading charts.

The difference between a genius and a bagholder is just market timing, and the timing right now is brutal.

The Aftermath

The great memecoin flush might actually be healthy for crypto in the long run, but markets don't heal overnight, and we could be in for an extended period of sobering up.

Smart money is sitting on their hands, waiting for clear capitulation before jumping back in.

In crypto, as in nature, winter doesn't last forever – but not everything survives to see the spring.