Meme coins have rallied nearly 20% in the past month, but analysts warn the gains are concentrated in a few tokens and the sector remains down 75% from its December 2024 peak.
The Concentrated Rally Problem
Illia Otychenko, lead analyst at CEX.IO, told DL News the rally may “overstate the sector’s health” as much of the growth came from a few fast-rising assets that distort the real picture.
“The rise in the meme coin sector appears driven by a mix of improving risk sentiment, rising on-chain speculation, and sharp gains in a handful of outsized tokens,” Otychenko said.
Meanwhile, Charles Chong, vice president of strategy at BlockSpaceForce, said the spike reflects a tired pattern rather than fresh conviction.
“What you’re seeing isn’t bullish community energy. It’s a dead market full of sidelined gamblers desperate for the next game of musical chairs,” he said.
Dogecoin Still Down 87% From 2021 …
