On-chain analyst Darkpost analyzed that memecoin dominance (market capitalization share within the cryptocurrency market) has fallen to its lowest level since February 2024. He stated, "The proportion of memecoin market capitalization relative to the total altcoin market capitalization is currently 3.7%, which is the lowest level in the past three years. During the memecoin season last November, dominance exceeded 10%. Currently, the number of memecoin investors has significantly decreased, and market interest has virtually disappeared."
