– Memecoin market share declines as capital shifts to Ethereum, with total cap at $70.74B (down from July’s $80B peak).
– Ethereum absorbs altcoin liquidity, reducing memecoins’ dominance as traders favor projects with stronger fundamentals.
– Analysts warn of prolonged consolidation, noting 50-day SMA at $66.57B as key support with sellers controlling above $75B.
– Sector remains vulnerable without renewed speculation, requiring Ethereum’s rally or liquidity shifts to spark recovery.