New data reveals a structural breakdown in the memecoin sector, with dominance dropping to around 0.04, a level not seen since the 2022 bear market.
š¹ The CEO of CryptoQuant didn't hesitate to state frankly that speculative appetite has dissipated. Dominance has plummeted from its peak of >0.11 late 2024 to near zero.
šø Unlike previous cycles where capital rotated between themes, CoinGecko data shows every sub sector declining simultaneously. Valuations have fallen to mid 2023 levels, signaling a complete withdrawal of liquidity rather than rotation.
Has the Super Memecoin Cycle officially ended, or is this just a prolonged hibernation period?
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