For the first time in more than half a year, there are no meme coins in the top 10. Enjoy it while it lasts, they will be back.

In mid-April, a bit more than 7 months ago, DOGE started its second crazy rally of the year, going from $0.5 to $0.4 and after a short pause even over $0.70. This was more than enough for it to enter the top 10, as it had multiple times before. But this time, it stayed there for quite a while. A few weeks ago, a second meme coin, SHIB, joined it in the top 10 - as far as I know it was the first time than any other meme coin but DOGE did so.

SHIB already left the top 10 a week or two ago, now DOGE has been kicked out by AVAX. Personally, I'm pretty neutral regarding meme coins - would never buy them but don't care at all if others do - but I know some of you will be happy about this. What I do dislike, however, is this sub's tendency to declare meme coins and other coins it doesn't like dead if they dip a few %, which they would call a "healthy correction" or a "tasty dip" for coins popular on here.

Love them or hate them, meme coins are not gone and one of them, be it DOGE or something else, will re-enter the top 10 probably rather sooner than later - those coins tend to pump really hard once they do. Memes will be a big part of crypto ecosystem, at least until it matures - and hey, I wouldn't bet that it ever will.

Long story short: DOGE is out of the top 10 for the first time since April. Enjoy it while it lasts, it probably will be back.