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TechFlow news, July 05, according to on-chain analyst Darkfost (@Darkfost_Coc) citing CryptoQuant data, the ratio of Memecoin market cap to total altcoin market cap has dropped to 3.7%, the lowest level since February 2024, and the number of holders is also the lowest in nearly three years. By comparison, during the peak of Memecoin season in November 2024, this ratio once exceeded 10%.
According to on-chain analyst Darkfost (@Darkfost_Coc) citing CryptoQuant data, the ratio of Memecoin market cap to total altcoin market cap has fallen to 3.7%, the lowest level since February 2024, and the number of holders is also the lowest in nearly three years. In contrast, during the peak of the Memecoin season in November 2024, this ratio once surpassed 10%.
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