🚨 The CEO of CryptoQuant Declares that Meme Coins are "Dead" 💀 — Bottom or Final Drop? 📉
The CEO of CryptoQuant, Ki Young Ju 📢, has called meme coin markets "dead" as dominance has fallen to February 2024 lows (0.034). 📉
The Massacre of Meme Coins 🩸
The outlook is bleak, with massive losses over the past year:
✅Dogecoin ($DOGE ): Down 66.3% ⬇️
✅Shiba Inu ($SHIB ): Down 71.3% 📉
✅Pepe ($PEPE ): Down 81.6% 😱
✅Bonk (#BONK ): Down 76% 😥
The total market of memecoins has decreased by 65.9%. The Solana ecosystem has been particularly hit. 🔨
Why Did They Die? ❓
Analysts point to structural issues:
👉Erosion of Trust: Ultra-cheap launches 💸 without protection against scams 🛡️ have destroyed the sense of community and HODL. 💔
👉Scam Epidemic: 98.7% of the tokens launched on Pump.fun showed signs of pump and dump schemes. 🚩
👉Saturation: The world does not have enough attention for 25,000,000 memecoins. 😵💫
Will Meme Coins Recover? 🔮
Despite the negativity, some see a bounce potential:
▪️Bottom Thesis: The drop in dominance is seen as a signal of a possible macro bottom. 🎯
▪️Optimism: Commentators like Gordon argue that memecoins are the main driver of attention and volume 📢 in crypto, predicting they will lead the next bull run. 🚀
The sector is at a crossroads. 🧭 Its future depends on the shift in sentiment and the ability of legitimate projects to differentiate themselves from scams. ⚖️
