CoinWorld news reports that, according to on-chain analyst Darkfost, the dominance of meme coins over the altcoin market has fallen to its lowest level since February 2024. The indicator cited is the ratio of the total market cap of meme coins to that of altcoins, used to gauge the momentum of the meme coin market. Data shows that in November 2024, the meme coin rally pushed this ratio above 10%, but it has now dropped back to 3.7%.

MEME-2.26%
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GateUser-818d3026
· 3h ago
Darkfost captured this data point well. The proportion of meme coins has been halved again and again. Retail investors' enthusiasm is fading faster than I imagined.
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GateUser-382715ed
· 7h ago
Is capital starting to flow back into legitimate projects? This indicator is quite interesting, the drop from 10% to 3.7% is severe enough, waiting for a rebound signal.
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YieldCartographer
· 7h ago
That meme frenzy last November felt like the Last Supper. Now it’s at a 3.7% share—has the altcoin season finally arrived, or are we going bearish together?
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NonceCollector
· 7h ago
The meme season is really over. 3.7% looks pretty bad, but it's still higher than back in February 2024, indicating that the market is still looking for new narratives.
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