The popularity of the Memecoin market has fallen to a historical low, with the dominance indicator hitting a new low—worse than even during the 2022-2023 Bear Market. This predicament can be traced back to February 2024.

Interestingly, whenever memecoins fall into such an extreme slump, it often signals that a rebound cycle is about to start. Just look at past performances: shortly after hitting the bottom in February 2024, $PEPE soared by 2500%, $WIF surged by 1600%, $FLOKI climbed by 1000%, and $BONK also performed remarkably. The market's extreme pessimism often breeds unexpected rebound opportunities—this is a cyclical characteristic of the memecoin market. The current slump may be brewing the next wave of astonishing gains.