Meme Coins' Share of Altcoin Market Falls to 3.7%, Lowest Since February 2024

MEME0.70%
RWA-0.40%
TOKEN-1.78%
According to CryptoQuant data cited by BeInCrypto on July 6, the share of meme coins in altcoin market capitalization has dropped to 3.7%, marking the lowest level since February 2024, while holder numbers simultaneously hit a three-year low. The ratio previously exceeded 10% in November 2024 before declining steadily. Capital is shifting from meme coins to utility tokens in AI, RWA, and DeFi sectors, with RWA token market cap now exceeding $64 billion compared to meme coins' total value of approximately $28 billion.
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