Memecoins are back, but one specific wallet metric suggests the $50 billion rally is a dangerous trap
After a year of steady decline, the “memecoin dominance” ratio, a key metric tracking the sector’s share of the total altcoin market, has abruptly reversed course from historic lows. This came as the total capitalization of meme assets reclaimed the $50 billion mark and tokens such as PEPE, BONK, and FLOKI posted outsized double-digit gains...
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