The most successful cryptocurrency dealers are still pursuing quick profits in memoins, although the signs that the broader “supercycle” may decrease for speculative assets. The shift follows the recent disappointment related to Memecoin starts related to the US President Donald Trump.
The most successful cryptocurrency dealers within the industry by returns -as “Smart Money” dealer on the Blockchain Intelligence platform from Nansen -are still searching for fast Memecoin returns.
According to Nicolai Sondergaard, a research analyst at Nansen, the growing cultivation of stablecoin Holdings is increased.
“There was at all times the most recent meme surge and intelligent money that they quickly turn away from them,” he said through the Chainreaction -Live show from CoinTelegraph on X.
“The latest Meme grazing was only a funny piece on which you worked, while the broader market sorted out the direction because memecoins are usually not necessarily affected by the identical macroeconomics as Bitcoin and Ethereum,” he added.
The analyst's findings got here every week after an experienced dealer had transformed a primary investment of only 2,000 US dollars in 43 million US dollars with PEPE's popular cryptocurrency of 43 million US dollars, reported CoinTelegraph on March 30.
Savvy Pepe Trader, transactions. Source: Lookonchain
However, the dealer didn’t manage to sell the highest, but despite Pepe's decline, over 70% of the all-time high achieved a realized profit of over $ 10 million.
Trump token Start can have ended Memecoin “Supercycle”,
The start of the official Trump (Trump) Memecoin on January 18 can have signaled the top of the Memecoin “Supercycle”.
“Pump.fun was a synonym for the” Memecoin Supercycle “, since greater than 70% of the tokens launched on Solana, based on a Binance -Research report shared with coincidence.
Pump.fun -usage metrics. Source: Binance Research Report
The weekly metrics of the Memecoin Launchpad reached the week from Trump's inauguration and have decreased since then. Total Active -Word on Pump.Fun fell from 2.85 million within the week of January 20 to only one.44 million on March 31.
The decline is principally attributed to a decay of the investigation, said a Binance spokesman CoinTelegraph, and added:
“The feelings of the market also appear to have postponed in relation to not checked reports about insider trading which can be connected with subsequent top-class tokens corresponding to $ Melania and $ Libra.”
“A broader macroeconomic uncertainty, including volatility brought on by global tariff policy, can have damped the speculative appetite for memoins more generally,” said the speaker.
Trump/USD, all-time chart. Source: Coinmarketcap
In the meantime, the Trump token has decreased by greater than 87% in comparison with the peak of 75.35 US dollars, which was reached on January 19. The token fell over 8%last week, as CoinmarketCap data show.
