Is the memecoin easy-money era over? The 12 biggest memecoins sit 44% to 98% below their highs
Traders are arguing about whether memecoins still pay. We skipped the opinions and pulled the numbers: prices against all-time highs, Pump.fun's revenue and the size of the meme market today.
Key points
- All 12 of the largest memecoins by market value trade at least 43.9% below their all-time highs, and 11 of them are 58% or more below, CoinGecko data shows.
- Official Trump (TRUMP) is 98.4% below its January 19, 2025, peak; Bonk is 95.2% below and Dogecoin 90.3% below.
- Pump.fun earned $1.17 million in revenue in the last 24 hours and $34.35 million in 30 days, DefiLlama shows, down from about $1.99 million a day on October 21.
The question
A debate is running in crypto groups this week: is the era of easy memecoin money over? Opinions are cheap, so we answered with numbers only. Every figure below comes from CoinGecko or DefiLlama, read on November 7, 2026, at about 10:10 p.m. ET.
The biggest memecoins against their peaks
We took the 12 largest tokens in CoinGecko's meme category and compared each price with its all-time high. The smallest drawdown belongs to BinanceLife, 43.9% below a June 7, 2026, high. Pump.fun's own token, PUMP, is 58.5% below. Everything else is more than 80% below its peak.
Several of those peaks are old. Dogecoin's high dates from May 2021 and Shiba Inu's from October 2021. PEPE, Bonk and Pudgy Penguins peaked in November and December 2024.
How far below the all-time high (top memecoins)
% below high
Source: CoinGecko meme category, read November 7, 2026, 10:10 p.m. ET
The last 30 days
The recent trend is down too. Over 30 days, TRUMP fell 36.3%, PUMP 34.2%, MemeCore 22.5% and Dogecoin 16.1%. PEPE was the exception, up 23.7%. Solana, where almost all of Pump.fun's revenue is earned, fell 18.7% and sits 69.6% below its high.
CoinGecko puts the whole meme category at about $26.46 billion in market value, down 1.95% in 24 hours, with $1.09 billion traded in a day.
The launchpad's revenue
Pump.fun, the biggest memecoin launchpad, still earns real money. DefiLlama shows $1.17 million of revenue in the last 24 hours, $9.03 million in seven days and $34.35 million in 30 days, an annualized pace of about $419 million. Its lifetime revenue is $1.144 billion.
The daily figure is falling, though. DefiLlama showed about $1.99 million on October 21 and about $1.29 million on November 1, as we reported.
What we could not measure
We could not pull a history of the meme category's total value, so we do not compare it with its peak here. We also did not reproduce Pump.fun's daily token launch count from an on-chain dashboard in this check, so we leave it out rather than repeat a number we cannot trace.
LC Insight analysis
This section is our reading of the facts above, not a statement of fact.
- We think the numbers support a narrower claim than "the era is over": the largest memecoins have given back most of their gains, and the launchpad's daily revenue is shrinking, but the sector still trades about $1 billion a day.
- Old peaks make the drawdowns look extreme: Dogecoin's and Shiba Inu's highs are about five years old, so the chart mixes very different holders.
- None of this is a forecast. Memecoins have recovered from deep drawdowns before, and many small ones never did.
What's next
- Whether Pump.fun's daily revenue drops below $1 million
- PEPE's 30-day rally, the one big gainer
- A history of meme category value to compare with the peak
Disclaimer. This article is based on public information and the sources listed below as of the update time shown. It is for information only and is not investment, legal or tax advice. Figures may change as companies and authorities publish new data.
Sources
- CoinGecko coins markets API, meme category top 12 (read November 7, 2026, 10:07 p.m. ET)
- CoinGecko categories API, meme category market value (read November 7, 2026, 10:07 p.m. ET)
- CoinGecko coins markets API, PUMP and SOL (read November 7, 2026, 10:07 p.m. ET)
- DefiLlama, Pump fees and revenue (read November 7, 2026, 10:10 p.m. ET)
