CoinMeta data: According to Cryptonews, the Memecoin market had a market value of approximately $30 billion in the fourth quarter of 2026. Despite the large number of new tokens, there were relatively few persistent trading markets. CoinMeta data: The total market value of the crypto market increased by 39.6% in the third quarter, but the average daily trading volume decreased by 8.6%. Bitquery research found that most pump.fun tokens stopped trading after their first day of trading. The question that remains is whether traders will bring in new capital to this category or whether they will simply shift the same capital between short-term issuances. As of the snapshot on October 18th, the market value of the Memecoin category was about $29.9 billion, of which Dogecoin accounted for about $12.4 billion and PEPE accounted for about $1.6 billion. A third-quarter market study by CoinGecko indicated that Memecoin trading became the main source of activity on the Robinhood chain, although new tokens rarely continued to trade after their initial surge. The outlook for the fourth quarter requires a separate assessment of market liquidity and the performance of new issuances.