This brutal collapse in the same corners sector raised questions about the possible end of the era of explosive growth of these crypto assets.
The market of the same corners is experiencing a large decline
Throughout the year 2024, the popularity of the same corners increased sharply. During this year, the market capitalization of this narrative climbed to 500 %and regularly dominated the crypto of the sphere.
According to Coingecko report, the same corners were the most popular crypto trend in 2024. In fact, because in 2023 they grabbed 14.3 % of the total interest of 8.3 %.
However, the latest development suggests that the presence of this narrative is now much contrasting.
“Since December, there has been a significant decrease in market capitalization of the same corners. It is currently the weakest narrative and is not worth investing in your money, ”wrote the analyst on X.
From March 5, the latest data showed that the total market capitalization of the narrative has fallen by $ 54 billion. This represents a decline of 56.8 % compared to 125 billion in the peak achieved by December 5, 2024.
The volume of transactions around these parts was also affected. Indeed, because they dropped by 26.2 %in the last month. This aroused concerns about the “supercycle”, assumed for a while.
“Is it the end of the supercycle of the same corners?” In particular, Krypto Lark Davis questioned analyst.
Supercycle of the same corners concerns a longer period of growth of this type of cryptocurrency. It was expected that this supercycle would be time after rapid growth. With decreasing performances on several fronts, however, the community is worried about the collapse of the previously profitable hype.
More than disappointment of messages
Dogecoin (DOGE), which represents almost half of the total market capitalization of the same corners, has fallen by 21.7 %over the last month. Unfortunately, the decline is not limited to DOGE, but affects the entire sector.
The second largest corner, Shiba Inu (Shib), also underwent a significant decline. Over the last month, his course slipped by 10.6 %. Similar trends were observed in 10 main corners.
The decline that has started does not affect chips individually, because skepticism only grew to this sector. Elon Musk, for example, one of the most amazing DOGE supporters, recently compared the same corners with “casinos”. He also warned against investment with the other. In parallel in parallel, the IOC bit Matt Hougan said earlier that we are currently experiencing the “end of the boom of the same corners”.
In addition, Google Trends also claims that the hype is falling. The research volume for the term “the same corner” fell from a maximum score of 100 in mid -January only 8 last week. This tells us that public enthusiasm disappears as quickly as it originally climbed.
The impact of the decline is felt throughout the ecosystem, especially on platforms that prospered during the same mania.
Pump.Fun, a very popular starting platform, has seen its volume of collapse transactions, from $ 3.3 billion in January 2025 to only $ 814 million. This shows an amazing decline of 75.3 %.
In addition, the total number of chips created on the pump has been regularly decreasing since the end of January. Finally, the daily income of the platform also dropped sharply.
Morality History: You must always be careful when it is so -Called won in advance.
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