Shiba Inu, Pepe Or Bonk? Ranking Reddit’s Most Popular Meme Coins
Retail investors are flocking to memecoins, with Reddit data revealing PEPE (CRYPTO: PEPE) as the current frontrunner in capturing retail mindshare, according to a recent analysis of cryptocurrency subreddit growth trends.
What Happened: The analysis, shared in a detailed thread on X on Dec. 5, highlights the importance of understanding retail investor psychology in the current market cycle.
The thread argues that retail investors are driven by factors such as financial nihilism, the allure of high-risk, high-reward opportunities, and the ease of access provided by platforms like Robinhood. The author states, “They view crypto as a way to ‘get rich quick.’”
The analysis focused on subreddit member growth as a key indicator of retail interest. PEPE and BONK (CRYPTO: BONK) emerged as standout performers, with PEPE showing particularly strong …
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