SEI Mirrors Market Caution as Memecoin Season Fizzles Out in 2025

Analyzing whether the memecoin sector has lost momentum in 2025 as volume declines and market pressure increases.

Memecoin sector in 2025? Has memecoin season fizzled out?

Key Takeaways

Why is the memecoin market weakening? The sector has posted sharp declines in recent weeks, driven by falling trading activity and sustained sell pressure.

SEI Price Slips to $0.14 as Memecoin Sector Weakens in 2025

Sei (SEI) is trading at $0.14, reflecting a 3.35% decline over the last 24 hours, as market conditions continue to weigh on mid-cap altcoins.

The asset has a market capitalization of $913.23 million, with trading volume of approximately $115.65 million, indicating steady but cautious activity from market participants.

Source: BraveNewCoin

Price action over the past day shows repeated retests of the $0.14 support zone, with intraday volatility briefly pushing SEI toward $0.13 before recovering slightly. This pattern indicates uncertainty among holders as liquidity thins across speculative assets.

Will memecoins regain traction? A recovery in market sentiment across the wider crypto ecosystem may help revitalize the sector, but current data reflects broad weakness.

The memecoin market fell by roughly 1.4% in the past 24 hours, pushing its total capitalization down to $52.05 billion. Trading volume also continued its downward trend, settling near $5.45 billion, suggesting declining participation during a period marked by increased caution across speculative coins.

Memecoins ranked among the weakest-performing segments this week, alongside Layer 1 networks and gaming tokens. This raised renewed concerns about whether the memecoin cycle is losing steam heading into the final quarter of 2025.

Weekly performance of top memecoins

CoinMarketCap data indicates that the top ten memecoins by market capitalization recorded widespread declines over the past week. Losses ranged between 9.9% and 30%, with SPX6900 registering the sharpest drop, while Shiba Inu posted the smallest decline in the group.

Following a weekly loss of more than 10%, Dogecoin traded around $0.16, adding further weight to the sector downturn. Other notable tokens—including Pepe, Pudgy Penguins, and Bonk—declined by more than 18% over the same period.

Source: CoinMarketCap

This collective decline reflects broader weakness across the category. The trend contrasts with the final quarter of 2024, when AI-themed memecoins such as Fartcoin briefly renewed attention within the market.

The shift in performance during 2025 points toward changing sentiment. But what factors are driving this downturn?

Why is the memecoin sector down in 2025?

The decline aligns with the overall market structure, where the crypto market, valued at $3.25 trillion, has seen reduced appetite for high-risk assets. Memecoins have underperformed significantly in this environment, signaling hesitation among participants.

Trading volumes in the sector have dropped considerably as liquidity moves away from speculative tokens. Sell pressure has remained dominant throughout the week, with fewer buyers stepping in as volatility rises across the market.

Stalkchain data shows that sell volume surpassed $1 million, while buys amounted to slightly above $500,000, highlighting a clear imbalance between sellers and buyers.

Source: Stalkchain

Two tokens stood out within the daily smart-money flow. FARTCOIN, now more than 90% below its all-time high of $2.61, attracted over $350,000 in accumulated buys, showing selective accumulation.

Conversely, Useless Coin (USELESS) recorded nearly $350,000 in sell pressure, dropping 21% during the same period to become the most sold token of the day.

Final take: Has memecoin season fizzled out?

Market structure and liquidity trends indicate that the memecoin sector has surrendered a significant portion of its capitalization in 2025. The category currently stands among the weakest across the wider crypto market, with capital rotating toward utility-based sectors such as DeFi.

Despite this, memecoin cycles have historically been driven by shifts in sentiment rather than fundamentals. A renewed surge in risk appetite could still revive activity in the sector.

For now, however, the data suggests that memecoin season has cooled considerably in 2025, with momentum favoring assets supported by stronger utility and a more stable market structure.