ChainCatcher message, according to Glassnode data, the contract size of Meme zone has significantly shrunk since the high point. The 7-day moving average of the contract size of DOGE has dropped from 35.8 billion US dollars on December 9, 2024 to the current 14.9 billion US dollars, a decrease of 58.45%.
Other Meme coins saw even larger declines, with PEPE dropping by 71.93% (from $1.25 billion to $351 million), BONK dropping by 75.10% (from $715 million to $178 million), and WIF dropping by 69.83% (from $653 million to $197 million).
Although SHIB and FLOKI, while not as large in overall scale, have also experienced significant declines, falling by 74.41% and 69.18% respectively, to $83 million and $12.9 million. This trend clearly indicates that Close Position contracts in the MEME zone are generally experiencing significant pullbacks. This may imply the exit of leveraged funds, while also reflecting a shift in overall market sentiment in the MEME zone.
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