Crypto interest is shifting from memecoins to established assets like Bitcoin and Ether, indicating a potential healthier market cycle, according to Santiment. Their social sentiment analysis reveals that Bitcoin, Ether, Solana, Toncoin, and Cardano dominate discussions, accounting for 44.2%, while memecoins like Dogecoin and Shiba Inu comprise only 4%. This change suggests a more stable market environment, emphasizing the importance of foundational networks. Santiment noted that memecoin activity tends to signal speculative trading, often leading to market corrections. Meanwhile, significant movements have been noted in Ether and Bitcoin; over two days, 224,410 Ether left exchanges, the highest in two years, reflecting long-term investor confidence. Additionally, a movement of 14,000 Bitcoin that had been dormant for years was observed, although these coins were not moved to exchanges, indicating potential long-term holding rather than immediate sales. Overall, the analysis hints at a more mature crypto market focused on security and adoption.

Source 🔗