CryptoQuant CEO Declares Meme Coins “Dead”

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CryptoQuant CEO Ki Young Ju says the meme-coin market is “dead” as dominance plunges to 0.034, matching early-2024 lows.
DOGE, SHIB, PEPE, and BONK have all suffered massive double-digit yearly losses, and Solana-based meme tokens have been hit even harder.
Some traders call it capitulation — others say it’s the final flush before a major rebound.

[Nahid Hossen]

Calling meme coins “dead” may be extreme, but the market clearly isn't favoring them anymore.

[Abdul Khan]

The CEO's statement reflects current sentiment—investors are moving toward more solid assets.