Woofun AI data shows that meme coin dominance within the altcoin market has declined to 3.7%, marking the lowest level recorded since February 2024. This figure represents a significant decrease from the sector's peak of over 10% observed in November 2024.

Analyst Darkfost notes that the number of meme coin holders is at its lowest point in three years, suggesting the sector is currently facing substantial neglect from market participants.