The market cap share of memecoins within the altcoin sector has declined to 3.7%, marking its lowest point since February 2024, according to CryptoQuant analyst Darkfost. This is a significant drop from the peak in November 2024, when memecoins accounted for over 10% of the altcoin market cap. The decline indicates a dwindling number of memecoin holders as interest in these assets wanes.
Memecoin Market Cap Share Drops to 3.7%, Lowest Since February 2024
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