Matrixport: Global liquidity has improved, but the Meme coin market still shows no signs of recovery
ChainCatcher news, Matrixport report reveals that despite the recent weakening of the dollar driving a rebound in global liquidity indicators and slight improvements in inflation data, the meme coin sector within the cryptocurrency market remains sluggish with no signs of recovery.
The report points out that after reaching its peak in early December 2024, the altcoin market began to decline. The meme coin bubble burst in January this year, causing the total market value of cryptocurrencies to decrease from 3.6 trillion dollars to 2.6 trillion dollars.
Although Pump.fun platform based on Solana has generated over $582 million revenue in past 12 months, its recent income growth has rapidly declined. The report also mentions that hedge fund liquidation arbitrage positions are a major driver of recent Bitcoin selling pressure which may be nearing maximum intensity.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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