The market value of meme coins has shrunk by more than 20 billion US dollars since late May, and the search popularity on Google Trends has dropped to 22

According to Google Trends, the search volume for "memecoins" has significantly decreased, with a current popularity score of 22. During the week of March 10th to 15th in 2024, this keyword reached its highest score of 100. Additionally, historical data shows that on May 21st, 2024, the market value of Meme coins was $59.62 billion and it has now dropped to $39.59 billion - a decrease of $20.02 billion within just 89 days.