Memecoins are back, but one specific wallet metric suggests the $50 billion rally is a dangerous trap
After a yr of regular decline, the “memecoin dominance” ratio, a key metric monitoring the sector’s share of the complete altcoin market, has abruptly reversed course from historic lows. This got here as the complete capitalization of meme belongings reclaimed the $50 billion mark and tokens equivalent to PEPE, BONK, and FLOKI posted outsized double-digit…
