Darkfost: Memecoin Market Cap Share of Altcoins Falls to 3.7%, a Nearly Three-Year Low

Odaily reported that CryptoQuant analyst Darkfost stated on X that the market cap share of Memecoins relative to the total market cap of Altcoins has dropped to 3.7%, the lowest level since February 2024. Data shows that during the Memecoin hype in November 2024, this share once exceeded 10%; it has now fallen back to 3.7%, indicating a significant decline in the Memecoin sector's proportion within the altcoin market.