According to CryptoRank monitoring, the total market cap of meme coins dropped to $18.6 billion in July, down from $18.8 billion in June. Trading volume decreased by 20%, reflecting weakened speculative demand and continued capital outflows from this sector. Murad's meme coin-only portfolio value has fallen from its July 2025 peak of $67 million to about $10 million a year later, a drawdown of approximately 85%.