The diminishing demand for Bitcoin (BTC) and Ethereum (ETH) is evident through notable cash outflows from US-based spot ETFs. This has led crypto investors to shift their focus to small-cap altcoins, especially meme coins, which offer higher returns.
The total market capitalization for the top meme coins has increased by more than 2%, reaching approximately $42.3 billion. This movement is attracting significant attention from whales, who are now investing billions into these surprising meme coins.
