Memecoins shed $108.7B in market cap over 14 days
- —Memecoin market cap dropped to $25.76B, about 3% of altcoin cap
- —DOGE -57.92%, PEPE -39.15%, SHIB -49.37% over the past year
- —Buy/sell volume difference swung from +$14.56M to -$1.4B
- —Altcoin Season Index fell to about 55 as altcoins lost $108.7B
Why it matters: Capital fleeing memecoins points to weak risk appetite; fresh $35.9B inflows may rotate into utility altcoins instead.
Source: AMBCrypto