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Memecoin chatter hits 2025 peak as traders shift to risk

Memecoin chatter hits 2025 peak as traders shift to risk

GrafaGrafa2025/05/02 07:10
By:Mahathir Bayena

Mentions of memecoins across social media platforms have reached their highest level in 2025, reflecting a shift in trader sentiment toward higher-risk assets, according to onchain analytics firm Santiment.

Santiment’s marketing director Brian Quinlivan noted in a blog post on May 1 that “online discussions about these high-risk tokens have proliferated as traders embrace a gamble mindset, rather than a calculated investment approach.”

This rise in conversation has coincided with an increase in speculative trading, particularly as Bitcoin’s (CRYPTO:BTC) momentum cooled after an initial rally.

“Any time Bitcoin leads an initial rally and then begins to move sideways, investors generally start taking bigger risks in hopes of scoring even higher returns through more speculative and riskier purchases,” Quinlivan explained.

Santiment data indicates that overall crypto market capitalization rose by 10% over the last eight days, while Bitcoin’s gains during the same period stood at 7%, suggesting that capital flowed into more volatile assets.

Dogecoin (CRYPTO:DOGE) has been one of the main drivers of this surge in memecoin-related discussions.

“Until late April, DOGE had been on a major decline in terms of crowd interest. But its social dominance has spiked to its highest level in nearly three months, as the conversations and filings surrounding Nasdaq’s ETF listings have risen,” Quinlivan said.

Applications for Dogecoin-based exchange-traded funds (ETFs) in the US have fueled renewed interest, although decisions from the Securities and Exchange Commission have been delayed until mid-June.

In parallel, trading activity on Pump.Fun and its associated decentralized exchange PumpSwap has surged.

DefiLlama reported that PumpSwap’s trading volume jumped from $1.7 billion in March to $11 billion in April.

Pump.Fun itself recorded a trading volume of $3.3 billion in April, following the launch of Donald Trump’s memecoin in January.

While memecoin activity spiked early in the year, it was briefly dampened by failed launches, including the Libra token, as noted by CoinGecko’s Bobby Ong.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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