Related: Trump family memecoins may trigger increased SEC scrutiny on cryptoTrump token launch may have ended memecoin “supercycle”The launch of the Official Trump (TRUMP) memecoin on Jan.18 may have signaled the end of the memecoin “supercycle.”“Pump.fun has been synonymous with the “memecoin supercycle,” as it accounts for over 70% of tokens launched on Solana, according to a Binance research report shared with Cointelegraph.Pump.fun usage metrics.
The decline is mainly attributed to a decay in investor sentiment, a Binance spokesperson told Cointelegraph, adding:“Market sentiment also appears to have shifted amid unverified reports of insider trading linked to subsequent high-profile tokens such as $MELANIA and $LIBRA.”“Broader macroeconomic uncertainty, including volatility driven by global tariff policies, may have further dampened speculative appetite for memecoins more generally,” the spokesperson said.
But they’re also happy to rotate out of these quickly as well,” he said during Cointelegraph’s Chainreaction live show on X.“The recent meme frenzy was just a fun play they worked on, while the broader market is sorting out the direction because memecoins aren’t necessarily affected by the same macroeconomy as Bitcoin and Ethereum,” he added.
or
Share This Story
Article Details
Author / Journalist: Cointelegraph by Zoltan Vardai
The story "Smart money still hunting for memecoins despite end of ‘supercycle’" has 438 words across 15 sentences, which will take approximately 2 - 4 minutes for the average person to read.
Which news outlet covered this story?
The story "Smart money still hunting for memecoins despite end of ‘supercycle’" was covered 21 hours ago by Coin Telegraph, a news publisher based in United States.
How trustworthy is 'Coin Telegraph' news outlet?
Coin Telegraph is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.
The outlet is headquartered in United States and publishes an average of 10 news stories per day.
It's most recent story was published 7 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
