Darkfost: The market capitalization of memecoins has dropped to 3.7% of the total altcoin market capitalization, a near three-year low
Odaily reported that CryptoQuant analyst Darkfost posted on X stating that the current ratio of total Memecoin market capitalization to the total Altcoins market capitalization has dropped to 3.7%, the lowest level since February 2024. Data shows that during the Memecoin boom in November 2024, this ratio once exceeded 10%; it has now fallen back to 3.7%, indicating that the proportion of Memecoin within the Altcoins market has dropped significantly.
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