The post Bitcoin and Altcoins Dominate 44% of Social Media Discussions, Memecoins at 4%, Says Santiment appeared on BitcoinEthereumNews.com.

This shift from meme coins to BTC and altcoins now accounts for 44.2% of crypto-related social media activity, signaling a more stable and sustainable market. Celebrity-themed meme coins like MOTHER, DADDY, TRUMP, MELANIA, and JAILSTOOL have experienced significant declines, with some losing over 80% from their all-time highs. As the crypto market experiences major volatility and turbulence, the excess froth is getting cleared as investors’ attention shifts from meme coins to Bitcoin and some of the top altcoins. Blockchain analytics firm Santiment shared a report showing the shift in crypto investors’ sentiment. Bitcoin and Layer-1 Altcoins Dominate Social Attention Blockchain analytics firm Santiment has observed a notable shift in the crypto community’s focus from meme coins to Bitcoin and Layer 1 blockchain assets such as Ethereum, Solana, Toncoin, and Cardano. Discussions about these leading Layer 1 networks now account for 44.2% of coin-specific social media activity, as reported previously. In contrast, top meme coins like Dogecoin, Shiba Inu, and Pepe are experiencing a decline in attention, driven by recent market volatility and waning speculative interest, as highlighted in our previous news article. Source: Santiment This pivot marks a trend toward a more stable and sustainable market environment. Meme coins often thrive on speculative hype, viral trends, and short-term trading frenzies, which historically precede market corrections and signal phases of excessive greed. The decreased focus on meme coins suggests a cool-down period, encouraging a more balanced ecosystem. On the other hand, the renewed interest in Bitcoin and some of the top Layer-1 altcoins highlight their foundational role in the crypto industry. These assets are valued for their robust security, innovation, and real-world adoption, with Layer 1 blockchains supporting smart contracts, decentralized applications, and scalability—critical drivers of long-term growth. Fall of the Celebrity Meme Coins This current shift toward the top crypto…

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Filed under: News - @ February 12, 2025 7:25 am