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Data Shows Meme Coin Market is Dead: CryptoQuant CEO Details Market Share Collapse
According to recent analysis from CryptoQuant, the meme coin market has experienced a dramatic downfall from its peak earlier this year. CEO Ki Young Ju pointed to on-chain data revealing that the market share once climbed above 0.1 in early 2025 but has since cratered to below 0.04. This sharp decline paints a stark picture of a market that has effectively reached its end.
From Dominance to Decline: The Numbers Behind the Dead Meme Market
The statistics tell the story of a dead market. In early 2025, meme coins commanded impressive market dominance within the altcoin space, with their collective market share exceeding the 0.1 threshold. However, the subsequent months witnessed a relentless erosion of this position. By late 2025, when CryptoQuant’s CEO made his assessment, the market share had plummeted below 0.04—a decline exceeding 60% from peak levels.
The most recent data from January 2026 reinforces this bearish outlook, with MEME’s individual market share dropping to just 0.0025%, underscoring the continued weakness in this segment.
Why CryptoQuant CEO Declares the Meme Coin Market Dead
Ki Young Ju’s conclusion that “the meme market is dead” reflects a data-driven assessment rather than speculation. The collapse in market share serves as a quantifiable metric for investor sentiment and capital allocation within the altcoin ecosystem. When a market segment sheds over 60% of its dominance in a single year, and continues to bleed further into 2026, the terminology of a “dead market” becomes increasingly justified.
This assessment suggests that speculative fervor surrounding meme coins has substantially cooled. Investors who once chased meme coin rallies appear to have shifted their attention and capital to other opportunities, leaving the once-hot meme coin category in a state of prolonged stagnation.