memecoin dominance is back at extreme lows, around ~3% of total alt market cap. Historically, this zone has marked the early stages of memecoin rotations.

some early strength is showing, but it only sticks if momentum actually spreads. It is still early and still high risk, but this is typically where memecoin seasons begin to form.

hopefully it stays constructive this time, not the 2024-style peak retardation that drained liquidity from the rest of alts and turned into max extraction.