Attention Shifting Away From Memecoins to Bitcoin, Ethereum, Solana and Cardano: Santiment

Attention in the crypto sector is shifting away from memecoins and moving towards large-cap layer-1 projects, according to the digital asset analytics firm Santiment.

Santiment notes traders are more focused on Bitcoin ( BTC ), Ethereum ( ETH ), Solana ( SOL ), Toncoin ( TON ) and Cardano ( ADA ), which the firm says suggests a healthier crypto market dynamic.

“A shift in trader attention from meme coins to Bitcoin and layer-1 assets is generally a sign of a more stable and sustainable market environment. Memecoins tend to attract speculative enthusiasm, often driven by hype, viral trends, and a gambling mindset rather than fundamental value. When these assets dominate discussions, it typically signals a phase of excess greed, where traders chase rapid, short-term gains without considering long-term viability.”

Source: Santiment/X

Santiment says a focus on Bitcoin and other layer-1 projects suggests a “more mature and informed approach” from the crypto community.

“Historically, memecoin frenzies precede market corrections, as speculative excesses often lead to sharp reversals when hype fades. When traders pivot back to assets with strong utility and established market positions, it suggests a healthier market cycle. This shift encourages a more balanced ecosystem, reducing the risk of unsustainable price surges and crashes fueled purely by speculative mania.”

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