news 
Memecoins Bleed Out Over 51% in 2 Months – Is There Any Hope for the Sector?
The past two months have been nothing short of brutal for memecoins, with a staggering 51% decline in value. This dramatic downturn has left many investors wondering if there’s any hope left for the sector.
While institutional demand via ETFs has supported Bitcoin’s (BTC) price, unlike speculative altcoins that lack strong backing, the data suggests that memecoins are in a period of severe drawdown with little sign of immediate recovery. The once-hyped market has cooled significantly, impacting retail participation and declining speculative interest overall.
Bearish futures market sentiment and negative funding rates signal potential further downside for memecoins. As investors rotate capital into Bitcoin as a safer alternative, this could lead to an increase in the cryptocurrency’s dominance.
Source: https://ambcrypto.com/memecoins-bleed-out-over-51-in-2-months-is-there-any-hope-for-the-sector/
