Memecoin Mania Is Cooling | Bitcoin and Crypto News

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. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/93ae5de3fa877231