Darkfost: Memecoin market cap as a share of total altcoin market cap drops to 3.7%, hitting a nearly three-year low

Odaily reports that CryptoQuant analyst Darkfost posted on X platform, stating that the current total market capitalization of Memecoins as a proportion of the total market capitalization of Altcoins has fallen to 3.7%, the lowest level since February 2024. Data shows that during the Memecoin craze in November 2024, this proportion once exceeded 10%; it has now fallen back to 3.7%, indicating that the Memecoin sector's share of the altcoin market has significantly declined.