The memecoin boom is cooling fast—Dogecoin and Shiba Inu’s combined value hit a 13.3 billion dollar low, down 2.3% in July while Bitcoin climbs. Once making up 7% of Bitcoin’s market cap, their share now hovers at just over 1%. Institutional money, drawn in by spot Bitcoin ETFs and real-world assets, is shifting focus away from meme coins. With global rates rising and Bitcoin’s options market betting on a 72K surge, the era of easy memecoin gains is officially over.
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