Memecoins’ share of total altcoin market capitalization has fallen to an all-time low, with CryptoQuant data showing dominance declining from about 11% at the end of 2024 to around 3% recently. CryptoQuant contributor Darkfost said the drop reflects an unprecedented level of investor disinterest but could also precede a new memecoin season. He cited late 2025, when dominance fell to about 3.2% before Dogecoin, Shiba Inu and Bonk rebounded together in early 2026. Some memecoins are beginning to move again, but the activity has not spread across the broader market, leaving any sectorwide recovery uncertain.