CoinWorld news, according to CryptoQuant analyst Darkfost, the total market cap of memecoins as a proportion of the total market cap of altcoins has dropped to 3.7%, a new low since February 2024.

MEME-0.98%
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GateUser-deff9ed8
· 4h ago
Darkfost's data has always been accurate, and this round of deleveraging is probably not over yet.
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MinersUnderTheNeonBridge
· 4h ago
A new low since February 2024? That's right before the last meme frenzy started, the cycle.
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TheNemesisOfFomo
· 4h ago
Good, fewer shitcoins and more legitimate projects, so the market can grow.
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LiquidityLibrarian
· 4h ago
3.7%—this number feels just right; last year that zoo-like market was really outrageous.
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DeepSeaColdStart
· 4h ago
Meme coins have finally cooled down, capital flowing back to mainstream altcoins is a healthy sign.
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