Meme coin market share plummeted from 0.1 to 0.04, CryptoQuant CEO: Is the market dead?

Question

【Chain Wen】Is the Meme coin market completely cooling off? CryptoQuant’s CEO Ki Young Ju recently released a set of data——at the beginning of this year, Meme coins once surged to over 0.1 in the overall altcoin market share, reaching a historical high, but now it has directly fallen below 0.04.

This figure is no joke. You should know that 0.1 means that for every 10 dollars of altcoin funds, 1 dollar flows into Meme coins. And now? Less than half of that. After seeing the data, Ki Young Ju made a straightforward judgment: the Meme coin market is already dead.

Of course, the word “dead” is quite heavy. But from the speed of capital flow and market share collapse, at least one thing is clear—market interest in this type of asset is rapidly waning.

SeeYouInFourYears · Accepted Answer

From 0.1 to 0.04, this is the real scene of cutting leeks.

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Is meme coin dead? It should have died long ago. Those only reacting now are just bagholders.

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Haha, Ki Young Ju's idea is pretty good. Let's wait and see the counterattack from the bears.

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A capital outflow is normal, the next hot spot is still far away.

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From 0.1 to 0.04, what does it mean? It means big players have already run, retail investors are still buying.

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The market isn't dead; it's just switching targets to cut leeks, it's just a cycle, brother.

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Is this data real? Anyway, I already cleared my meme coins long ago.

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It's Ki Young Ju again. Why has this guy been bearish every day lately?

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Less than half a dollar out of every 10 dollars flows into meme? That's really a bit tragic.

memecoin_therapy · Answer

0.1 dropped to 0.04? Is that what you call dead? I think it's a good time to enter the market.

People keep calling meme coins dead every week, but what’s the result?

What can data really tell us? A retreating of funds is the real sign of accumulation at the bottom.

ChainSherlockGirl · Answer

0.1 drop to 0.04, how much money do you need to have in your wallet address to cut losses? Based on my analysis, the big holders have already run away.

Meme coins are said to be dead once they die, and this is the end for projects that no one is willing to buy. Just look at the on-chain data to know.

This time is truly a major reshuffle. The ones who hoarded Meme are probably crying now.

Funds are voting with their feet. What does it mean when the price goes from 0.1 to 0.04? Everyone has lost confidence.

The Meme wave is completely cooled off. What will be the next hot trend? I bet on Layer2.

Ki Young Ju's prediction was conservative. In my opinion, it’s not just a "tide receding," but a complete exit.

Interestingly, some people are still bottom fishing Meme. Is it bravery or gambler's psychology?

The reshuffle in the altcoin market has not even moved Bitcoin, but Meme coins have suffered the most惨烈.

Rugpull幸存者 · Answer

0.1 drops to 0.04, this isn't cooling off, it's completely nobody wants it anymore

Don't bash, Meme should have died long ago, I admitted defeat last year

Ki's data being released, how are there still people buying Meme coins? I really don't understand

The capital withdrawal is this fast, nobody can react in time

Such a collapse in market share shows that everyone has become smarter and is no longer willing to take the risk

Saying it might be early, but there's really no hope left; cutting losses and escaping is the way to go

LiquidationHunter · Answer

0.1 drops to 0.04, this is what they call "death," it made me laugh so hard

Meme coins are done for, funds simply can't flow in

Another cycle of "dead" repeats, I'm tired of it

Honestly, I saw it coming long ago, this crash was actually quite reasonable

Ki Young Ju didn't boast this time; the data is right there

The market recedes, so be it. We'll see when the next wave of opportunity comes

TokenStorm · Answer

0.1 dropped to 0.04, and the decline is indeed a bit eye-catching. However, the term "dead" is too absolute. On-chain data still shows that whales are accumulating at low levels.

It's more accurate to say that the market is experiencing a rotation of hot topics rather than being dead. Funds are just shifting from Meme to other trending areas. Looking back at historical cycles, there is usually an arbitrage opportunity after such a sharp decline, but I advise everyone to first calculate the liquidation price before jumping in.

The storm center of this crash is actually an observation window. Watching how whales move will be more informative than Ki Young Ju's conclusions. By the way, I've saved on miner fees these days.