Woofun AI data shows that memecoin dominance has declined to 3.7% of the total altcoin market capitalization, representing the lowest ratio recorded since February 2024. This figure marks a significant contraction from the peak of over 10% observed during the previous speculative cycle in November.

On-chain analyst Darkfost highlighted that this metric reflects a substantial decrease in active investor participation within the sector. The current market environment is characterized by reduced volatility, with Bitcoin trading in a narrow range and broader altcoin activity stabilizing, indicating a shift away from high-risk speculative assets.