Memecoin listings on centralized exchanges have now declined for six consecutive quarters, according to research from Cryptorank. In Q4 2024, exchanges listed 196 memecoins. By Q2 2026, that figure had collapsed to just 41 new tokens, a 79% drop from the peak and the lowest quarterly total since Q3 2023, before the memecoin craze took hold.
Why it matters
CEX listings have historically been a leading indicator of speculative risk appetite in crypto. Each new memecoin launch represents a venue's willingness to onboard high-velocity, retail-driven flow. When that pipeline thins for six straight quarters, it suggests exchanges themselves are pulling back from the segment, not just retail traders.
Market impact
The unwind is consistent with the broader cooling across the memecoin complex, where on-chain launchpad volumes on Solana and other high-throughput chains have similarly compressed from late-2024 highs. A sustained drop in listings also tightens the supply of new speculative assets reaching the market, which can support the prices of incumbent memecoins but limits the constant churn that defined the 2024 cycle.
Source: [source](http://telegraph.controller.bot/files/8336652911/AgACAgIAAxkBAAJBPWpU-LKrpBsyzcu7IjoLhHPTIpP0AAJ0GWsbTu6oSrie6hcu2sgCAQADAgADeQADPAQ)
Frequently asked questions
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How many memecoins were listed on CEXs in Q2 2026?
Only 41 new memecoins were listed on centralized exchanges in Q2 2026, the lowest quarterly total since Q3 2023 and a 79% drop from the Q4 2024 peak of 196 listings.
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How many consecutive quarters have memecoin listings declined?
According to Cryptorank research, memecoin CEX listings have declined for six consecutive quarters, stretching from the Q4 2024 peak through Q2 2026.
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What was the peak quarter for memecoin CEX listings?
Q4 2024 was the peak, with 196 memecoins listed on centralized exchanges during that single quarter.
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Why do CEX listings matter as a market signal?
Each new listing reflects an exchange's willingness to onboard speculative, retail-driven flow. A sustained drop in listings suggests venues themselves are reducing exposure to high-velocity tokens, making it a leading indicator of risk appetite.
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How does this trend connect to the broader memecoin cycle?
The decline in CEX listings lines up with cooling on-chain launchpad activity on Solana and other high-throughput chains, where the constant churn of new memecoin launches that defined 2024 has visibly thinned.
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