On March 14, Matrixport reported that despite the recent weakening of the US dollar, global liquidity indicators have rebounded and inflation data have improved slightly, but the meme coin sector in the cryptocurrency market is still sluggish and shows no signs of recovery.
According to the report, the counterfeit products market began to decline after peaking in early December 2024, and the meme bubble burst in January this year, causing the total cryptocurrency market capitalization to decrease from $3.60 trillion to $2.60 trillion.
The Solana-based Pump.fun platform generated more than $582 million in revenue over the past 12 months, but revenue growth has declined rapidly recently.
The report also mentions that hedge fund positions squaring arbitrage positions are the main driver of the recent bitcoin selling pressure, which may be approaching its maximum intensity.
Matrixport: Global liquidity improves, but the Meme market still shows no signs of recovery, and bitcoin risks remain
2025-03-14 08:45:49
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