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Memecoins Lose Steam as Share of Altcoin Market Cap Hits Lowest Since February 2024

Source
Uk Jin

Summary

  • Analysis showed memecoins' market presence is weakening, with their share of altcoin market capitalization falling sharply.
  • Darkfost said the memecoin market-cap ratio has dropped to its lowest level since February 2024 and now stands at about 3.7%.
  • The ratio, which rose above 10% during the memecoin rally in November 2025, has since declined, showing investors are turning away from the sector.

Forecast Trend Report by Period

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Photo: Screenshot from Darkfost's X account
Photo: Screenshot from Darkfost's X account

Memecoins are rapidly losing their presence in the crypto market, with their share of total altcoin market capitalization falling sharply.

Darkfost, a CryptoQuant contributor, wrote on X on July 5 that the number of investors holding memecoins is at its lowest level yet. The share of memecoin market capitalization within the broader altcoin market has fallen to its lowest point since February 2024, according to his analysis.

The metric shared by Darkfost measures memecoin market capitalization as a proportion of total altcoin market capitalization. A higher ratio indicates stronger investor appetite for memecoins, while a lower one suggests attention has shifted to other sectors.

The ratio rose above 10% in November 2025 during the memecoin bull run, reaching its highest level in the past three years. It has since fallen steadily to about 3.7%, the lowest level since February 2024.

Darkfost described the memecoin market as effectively being in a phase where investors are turning away from it.

#Memecoin
Uk Jin

Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.

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