Recent data indicates a declining trend in the meme coin market, despite some high-profile successes. Over the past month, trade volumes have dropped from around $30 billion to under $14 billion, and leading meme coins have shown flat performance. While some meme coins like FARTCOIN have seen significant price hikes, others like DOGE have experienced sharp declines. Overall, the meme coin space is quietly underperforming, with market dominance against altcoins falling. Factors such as high-profile rug pull scams may contribute to this trend. Although it's too early to confirm a meme coin bear market, traders should be cautious of these bearish signals. #MemeCoin #Crypto #MarketTrends #Bearish #TradingVolume #Altcoins