Mentions of Meme Coins Decrease on SNS... "Investor Interest Shifts to Bitcoin and Layer 1"
Son Min
Summary
- It was reported that the interest of virtual asset investors is shifting from meme coins to Bitcoin and Layer 1 blockchains.
- Mentions of meme coins on social media services have decreased, while Layer 1 blockchains have captured a 44.2% share.
- It was evaluated that this indicates the market is transitioning to a more stable and sustainable environment.
An analysis has emerged indicating that the interest of virtual asset (cryptocurrency) investors is shifting from meme coins to Bitcoin (BTC) and Layer 1 (L1) blockchains.
On the 11th (local time), Santiment stated on X, "The interest of the virtual asset community is moving from meme coins to Bitcoin and L1 blockchains," adding, "Mentions of meme coins on social media services (SNS) are gradually decreasing, but L1 blockchains have captured a 44.2% share." They further evaluated, "This suggests that the market is transitioning to a more stable and sustainable environment," and assessed that "the overheated market has reached a healthy adjustment phase."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
!["No U.S. government backstop" shock…Bitcoin retreats to the $60,000 level; Ethereum also rattled [Lee Su-hyun’s Coin Radar]](https://media.bloomingbit.io/PROD/news/a68e1192-3206-4568-a111-6bed63eb83ab.webp?w=250)
