in the world of real finance, meme coins are worth zero, and they should never have existed, they are just stuff for greedy and hopeful chickens, but they pollute and delegitimize the market.

The CEO of CryptoQuant, Ki Young Ju, stated that the meme coin markets are 'dead', as recent on-chain data shows that the dominance of meme coins in the altcoin market has dropped to its lowest in months.

This statement has sparked a debate within the crypto community. Some suggest that the bottom is near, while others see the increasing losses and declining liquidity as signs of a strong downturn.

The dominance of meme coins reaches its lowest level since the beginning of 2024.