$BTC CEO Says Meme Coins Are “Dying” — But Is This the Bottom Before a Comeback?
The meme coin market may be facing its harshest reality check yet.
Ki Young Ju, CEO of on-chain analytics firm CryptoQuant, recently stated that meme coins are “slowly dying,” citing fresh on-chain data showing that meme coins’ dominance within the altcoin market has fallen to its lowest level in months. His comment immediately sparked heated debate across the crypto community.
Some investors see the collapse in dominance as a classic capitulation phase — a potential signal that the market is nearing a bottom. Others argue that collapsing liquidity, deep losses, and eroding trust point to a much more severe and prolonged downturn for the meme coin sector.
Meme Coin Dominance Hits Multi-Month LowsCryptoQuant CEO Says Meme Coins Are “Dying” — But Is This the Bottom Before a Comeback?
The meme coin market may be facing its harshest reality check yet.
Ki Young Ju, CEO of on-chain analytics firm CryptoQuant, recently stated that meme coins are “slowly dying,” citing fresh on-chain data showing that meme coins’ dominance within the altcoin market has fallen to its lowest level in months. His comment immediately sparked heated debate across the crypto community.
Some investors see the collapse in dominance as a classic capitulation phase — a potential signal that the market is nearing a bottom. Others argue that collapsing liquidity, deep losses, and eroding trust point to a much more severe and prolonged downturn for the meme coin sector.
Meme Coin Dominance Hits Multi-Month Lows
According to CryptoQuant, meme coin dominance within the broader altcoin market has been trending downward throughout 2024. After peaking at 0.109 in November 2024, the metric has now plunged to 0.034, a level last seen in February 2024.
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