Crypto’s institutional influx has killed the memecoin craze

Your day-ahead look for July 24, 2026

Melinda 50 minutes ago 2 minutes read

Bitcoin Cash Slides, Weighing Down Crypto Market Index

Crypto Daybook Americas

Crypto’s institutional influx has killed the memecoin craze

Your day-ahead look for July 24, 2026

By Omkar Godbole|Edited by Sheldon Reback

Jul 24, 2026, 11:35 a.m.

3 min read

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Nascar car number 98 showing Dogecoin branding. (Josh Wise) — The memecoin craze has suffered as institutions crowd into crypto. (Josh Wise)

Summary

This is an excerpt from CoinDesk newsletter ‘Daybook.’ Sign up here, if you haven’t already.

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Latest Research

Crypto Flows, Share and the Selective Rotation

Crypto Flows, Share and the Selective Rotation

Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.

By CoinDesk Research

Jul 22, 2026

Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.

Why it matters:

Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.

View Full Report