“Bitcoin Dominance Hasn’t Even Sneezed!”

Renowned crypto analyst Matthew Hyland summed up the current dynamic with a bold statement on X (formerly Twitter):

“BTC dominance hasn’t even sneezed and alts are ripping. What do you think happens if it drops from 65 to 45?”

As of the time of writing, Bitcoin Dominance stands at 64.46%, down only 1.5% over the past week. Yet despite this minimal drop, altcoins have posted impressive gains — suggesting that investor interest is rapidly expanding beyond Bitcoin.

Bitcoin Dominance

Are We at the Start of Altcoin Season?

Historically, a noticeable decline in BTC dominance has been used as a signal for the start of an altcoin season — a period where altcoins significantly outperform Bitcoin and take a larger share of the market.

But this time might be different. Altcoins are already seeing major rallies, even as dominance barely dips. This could suggest that fresh capital is flowing into the broader crypto ecosystem, fueling gains across multiple assets simultaneously.

Here are some eye-catching performances from the past 7 days:

• MemeCore (M) skyrocketed by 1,263%, topping the gainers’ list.

• Mog Coin surged 75%.

• Stellar (XLM) jumped over 67%.

• Meanwhile, Ethereum (ETH) rose 17.68%, signaling shifting investor focus toward altcoins and away from Bitcoin dominance.

“Prepare for the Final Easy Altcoins Bull Run”

Adding to the bullish sentiment, Michael van de Poppe, founder of MN Trading Capital, posted on X:

“I assume that we’re about to witness the final easy and biggest bull ever on Altcoins.”

His perspective aligns with data from Santiment, an on-chain analytics platform, which confirmed that the altcoin season has indeed started. According to Santiment:

“As long as Bitcoin holds above the key psychological support around $110,000, traders are likely to continue rotating profits into altcoins.”

So, What Comes Next? Bitcoin Season or Altcoin Explosion?

Despite the ongoing altcoin rally, the Altcoin Season Index from CoinMarketCap still indicates that we’re in a “Bitcoin Season” — currently scoring 29 out of 100.

However, if Bitcoin Dominance begins to fall significantly from its current levels, analysts believe we could see an even more aggressive surge across altcoins in the coming days and weeks.

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The post Altcoins Are Soaring, Yet Bitcoin Dominance Barely Budged! appeared first on Coin Engineer.

What is MemeCore?

MemeCore is the first Layer 1 blockchain specifically developed for the Meme 2.0 paradigm. Traditional meme coins typically rise with short-term speculation and quickly lose value. MemeCore aims to break this cycle. The platform is designed with a community-driven approach to transform the cultural and economic value of meme coins into a long-term ecosystem. MemeCore’s core philosophy is to create an economy where everyone who contributes is fairly rewarded. In this ecosystem, every actor—traders, stakers, content creators, and validators—plays a significant role.

MemeCore’s key features include:

• EVM Compatibility: MemeCore is an Ethereum Virtual Machine (EVM)-compatible network. This means that users and developers familiar with Ethereum can easily integrate with the platform.

• Multi-Reward System: Validators receive $M rewards through block creation, as well as a portion of all MRC-20 tokens generated on the network.

• Meme Vault: This smart contract-based system, automatically created with the launch of each meme coin, tracks community activities and distributes rewards to contributors.

What is Proof of Meme (PoM)?

Proof of Meme (PoM) is the core mechanism of MemeCore’s Meme 2.0 paradigm. Unlike traditional consensus models, PoM is an evolution framework that manages the lifecycle of meme coins. PoM steers meme coin projects away from speculation and toward long-term cultural and economic contributions. This system encompasses the following processes:

• Meme Vault Creation: When an MRC-20 token is issued, a Meme Vault is automatically created. This smart contract tracks community activities and distributes rewards.

• Community Participation: Contributions such as content creation, social engagement, and on-chain transactions are measured.

• Reward Distribution: Fair rewards are distributed to contributors (traders, stakers, content creators, and validators).

• Governance: PoM enables the community to shape the network’s future.

PoM Contributors

The PoM system includes five key contributor roles:

• Trader: Contributes to the sustainable growth of meme coins. They can earn rewards not only through trading but also by holding tokens.

• Staker (Delegator): Stakes $M or MRC-20 tokens to indirectly contribute to the network’s security and earns a share of validator rewards.

• Content Creator: Supports the sustainability of meme coins by producing viral content. They earn rewards by sharing content on platforms like X, TikTok, or Instagram.

• Validator: Ensures network security through block creation, verification, and finalization.

• Meme Project: Issues MRC-20 tokens, creates Meme Vaults, and applies for Viral Grants to grow its project.

What is a Meme Vault?

A Meme Vault is a reward pool created for each meme project in the MemeCore ecosystem. This smart contract-based system tracks community activities and distributes rewards to contributors. Meme Vaults are not just token pools but also infrastructure that supports the long-term growth of meme coins.

How It Works

• When an MRC-20 token is issued, a Meme Vault is automatically created.

• The vault tracks on-chain metrics such as community size, transaction volume, or TVL.

• Vaults that meet specific criteria receive additional funding from the Viral Grants Reserve.

Why It Matters

Meme Vaults combine content creation and social engagement with on-chain incentives to build strong communities and sustainable meme projects. This is one of the cornerstones of Meme 2.0.

Viral Grants Reserve

The Viral Grants Reserve is a redistribution fund integrated into the PoM system. In every epoch, 10% of PoM rewards are allocated to this reserve and distributed as grants to Meme Vaults that meet specific criteria.

Purpose

• Support meme projects that show real growth potential.

• Ensure communities remain strong and self-sustaining.

How It Works

• 10% of PoM rewards are allocated to the Viral Grants Reserve.

• Meme Vaults that meet criteria such as community size, transaction volume, or TVL qualify for grants.

• Projects are evaluated based on sustainability and community impact.

What is Meme 2.0?

Meme 2.0 is a paradigm that uses the criticism that meme coins are “valueless” as fuel to transform them into sustainable cultural and financial assets. MemeCore brings this vision to life by rewarding three key activities:

• Content Creation: Viral content creators are rewarded.

• Social Engagement: Those who drive community momentum are incentivized.

• On-Chain Transactions: Those who generate transaction volume are rewarded.

This approach transforms fleeting trends into lasting ecosystems, increasing the cultural and economic value of meme coins.

Why is Meme 2.0 Necessary?

• Speculative Collapse: The traditional meme coin market focuses on short-term speculation, and most projects quickly lose value.

• Unrewarded Cultural Contributions: Content creators who make meme coins go viral are typically not rewarded.

• Price-Driven Success Metrics: Price movements are prioritized over community strength or cultural significance.

What Meme 2.0 Unlocks

• A New Cultural Asset Class: Meme coins become vehicles for community ownership and creative expression.

• Sustainability: Continuous participation and contribution are rewarded instead of speculation.

• Tokenomics for Cultural Momentum: Meme creation, remixing, and viral spread are integrated into the reward system.

How to Create an MRC-20 Token

MRC-20 tokens are tokens issued on the MemeCore mainnet based on the Meme 2.0 mechanism. The MemeX platform allows users to easily create MRC-20 tokens via social login. Here are the steps:

1. Visit the MemeX Website: Go to app.memex.xyz.

2. Sign Up: Register using Google login.

3. Set Up Details:

   • Choose a profile image.

   • Set a username and token symbol (these cannot be changed).

   • Set a display name.

4. Launch Your MemeCoin: Your MRC-20 token is created based on the ticker you set.

MemeCore (M) Real-World Use Cases

• Meme Project Funding and Growth: The Viral Grants Reserve provides funding to projects meeting criteria like community size and transaction volume.

• Content Creator Monetization: Content creators earn rewards from the Meme Vault by producing viral content.

• Sustainable Token Economy: The MRC-20 Reserve allocates 5% of each token’s supply for ecosystem rewards.

• Decentralized Governance: $M holders have a say in the network’s development.

• Cross-Platform Meme Economy: Meme projects create a unified economy across different platforms.

What is the MemeCore Token ($M)?

$M is the native token of the MemeCore blockchain, supporting the network’s core functions. With a fixed supply of 5 billion tokens, $M is used for gas fees, staking, ecosystem rewards, and the Proof of Meme (PoM) mechanism. The token’s key features are:

• Name: MemeCore

• Symbol: M

• Total Supply: 5,000,000,000 M

• Decimals: 18

• Chain: MemeCore Mainnet

Uses of the $M Token

$M plays a multifaceted role in the MemeCore ecosystem:

• Transaction Fees: $M is used for network transactions (Meme Vault creation, meme coin minting, PoM submissions, and staking). A portion of gas fees may be burned, creating long-term deflationary pressure on the token supply.

• Staking and Validator Participation: Validators stake $M for block production, and delegators stake $M to support validators. The more $M staked, the higher the chance of becoming a block proposer.

• Governance: $M holders can vote on protocol upgrades, validator selection criteria, and ecosystem development priorities.

• Ecosystem Rewards: $M is used to reward community contributions and is a cornerstone of the PoM system.

MemeCore (M) Tokenomics

The distribution of $M tokens reflects a community-driven approach:

• Community: 58% – To activate the ecosystem, enhance network effects, and foster long-term loyalty.

• Foundation: 15% – Supports the project’s long-term development and community growth.

• Core Contributors: 13% – Rewards the team and early contributors.

• Investors: 12% – For strategic partnerships and funding.

• Meme Treasury: 2% – For community incentives, content creators, and ecosystem stability.

Which VCs Back MemeCore?

MemeCore’s innovative approach has attracted attention from several leading blockchain venture capital firms. In March 2025, the MemeCore Foundation announced strategic investments from IBC Group, Waterdrip Capital, AC Capital, Catcher VC, K300 Ventures, Wagmi Ventures, and Click Capital.

MemeCore (M) Founding Team

MemeCore was founded by Jun Ahn. Jun previously established 0xLootBox, an investment network, and has been involved in projects like Arc Community. His experience at Ledger and Chains.Asia has provided him with a strong background in blockchain and investment networks.

Jun is supported by Cherry Hsu, the Chief Business Development Officer. Cherry is a game developer with over seven years of marketing experience in IT startups and holds a master’s degree in Computer Science from Chang Gung University in Taiwan.

Official Links

• MemeCore (M) Website
• MemeCore (M) X (Twitter)
• MemeCore (M) Whitepaper

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

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