Meme coin dominance ratio has fallen to 3.7%, a new low since February 2024.

Golden Finance reported that on July 6, according to CryptoQuant analyst Darkfost, the current dominance ratio of Meme coins in the altcoin market has dropped to 3.7%, the lowest level since February 2024, a significant decline from the peak of over 10% in November 2024.
Darkfost stated that Meme coin holders are becoming increasingly scarce, marking the smallest number in nearly three years, reflecting that this sector is being notably overlooked by the market.
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