CryptoCoinDeskabout 2 hours ago
Crypto's institutional influx has killed the memecoin craze
1 min read
The combined market cap of DOGE and SHIB has fallen to $13.27 billion, the lowest in three years. Their ratio to bitcoin's market cap stands at 1.02%, the lowest on record, down from 7% in 2021. U.S. spot bitcoin ETFs accelerated institutionalization, drawing capital away from memecoins.
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