The most successful cryptocurrency traders are still chasing quick profits in Memecoins, despite the signs that the wider “supercycle” of speculative assets may end. The change occurs after a recent disappointment associated with Memecoin, associated with US President Donald Trump.
The most successful cryptocurrency traders in the industry according to phrases – tracked as “Smart Money” traders on the Blockchain Intelligence Nansen platform – they continue to hunt Memecoin.
While the growing shares in Stablecoin show more caution, bright money remains open to speculative games, According to To Nicolai Sondergaard, a research analyst in Nansen.
“Recently, memes and intelligent money have always been happy to capitulate. But they are happy to turn them off quickly,” said Cointelegraph Live live on X.
“The recent madness of memes was simply a funny art they were working on, while the wider market solves the direction, because Memecoins does not necessarily affect the same macroeconomics as Bitcoin and Ethereum,” he added.
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The analyst’s observations appeared a week after an experienced salesman changed the initial investment in the amount of only $ 2,000 to $ 43 million with the popular PEPE (Pepe) cryptocurrency, Cointelegraph informed on March 30.
Experienced Pepe Trader, Transations. Source: Lookonchain
However, traders failed to sell the summit, but he still reached a profit of over $ 10 million, despite the fact that PEPE decrease by over 70% compared to the highest level.
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The introduction of the Trump token could end Memecoin “Supercycle”
The launch of the official Trump (Trump) Memecoin could signal the end of “Supercycle” Memecoin on January 18.
“Pump.Fun was synonymous with” Memecoin Supercycle “because it accounts for over 70% of tokens launched, according to Binance Research report Shared with Cointelegraph.
Pumps. FUN METRY OF USE. Source: Binance Research report
The weekly indicators of the Memecoin Launchpad use reached the highest level during the Trump inauguration week and have fallen since then. Total active wallets on the pump. Fun fell from 2.85 million in the week on January 20 to just 1.44 million to March 31.
The decline is mainly attributed to the distribution of investors’ moods, Binance spokesman told Cointelegraph, adding:
“It seems that market moods have moved among unverified reports on confidential trade related to subsequent noisy tokens, such as $ Melania and $ Libra.”
“Wider macroeconomic uncertainty, including volatility driven by global tariff principles, could generally weaken the speculative appetite for memecoins,” said the spokesman.
Trump/USD, chart of all time. Source: Coinmarketcap
Meanwhile, the Trump token fell by over 87% compared to the peak of 75.35 USD, achieved on January 19. The token fell by over 8% last week, data Coinmarketcap can be seen.
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