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Memecoin Dominance is around all time lows
things weren't even this bad during the 2022 - 2023 bear market!
the last time things were this bad for memecoins was in February 2024
shortly after:
- $PEPE rallied 2,500%
- $WIF rallied 1,600%
- $FLOKI rallied 1,000%
- $BONK rallied 440%
at the time, everyone was screaming 'memecoins are dead for good with the bear market'
then we had the most explosive sector-wide memecoin rally of the cycle shortly after
sentiment feels just as bad right now if not worse
a lot of major memecoins are down 80 - 99% and feel completely dead and hopeless
and this is just the perfect setup for a meltup in the memecoin markets