According to the latest data, since late May 2024, the market cap of Meme Coins has experienced a significant decline, with a reduction of over $20 billion. This change is also reflected in Google Trends, where the current search interest for the term 'memecoins' stands at only 22 points, a substantial drop from its peak of 100 points. Historical data shows that on May 21, 2024, the market cap of Meme Coins reached a high of $59.62 billion, but after nearly 90 days, it has dropped to $39.59 billion. These changes reveal shifts in the market environment for Meme Coins and their impact on investor confidence.