Following Trump’s presidential victory, there was a huge rise in Bitcoin (BTC) and cryptocurrencies. While memecoins attracted attention with their rise in this rise, Santiment said that six altcoins stood out.
Santiment said that according to recent data, there has been a surge in popularity of memecoins, usually themed around dogs or cats.
In his X post, Santiment emphasized that speculative assets were driving the recent rally and some memecoins were trending significantly.
Sharing the top altcoins according to social media discussion rates, Santiment stated that these are leading meme coins such as Peanut the Squirrel (PNUT), Pepe (PEPE), Dogecoin (DOGE), Memecoin (MEME), Peanut (NUX) and 8-Bit Coin (COIN).
Despite Bitcoin seeing a big rally, it was interestingly ranked seventh in terms of social media discussions, suggesting a significant capital flow into memecoins in the recent rally.
“The most popular token category in the crypto space is dominated by meme coins, with speculative assets dominating this historic bull rally.
PNUT, PEPE, DOGE, MEME, NUX, and COIN see significantly higher rates of discussion on social media. Bitcoin ranks 7th.”
Some Attract Attention With Their Strong Performances!
PNUT, which started to rise after a post by Elon Musk and could not get enough of the rise, showed incredible growth by increasing by 1,654% last week.
It is currently trading at $1.84 with a market cap of $1.84 billion.
Apart from PNUT, popular memecoin PEPE also performed well, rising by 98.8% in the last week with exchange listings. PEPE is trading at $0.0000213.
While DOGE has increased by 86.9% in the last week, MEME has increased by 25%; NUX by 72% and COIN by 43.8%.
*This is not investment advice.