{"id":20724,"date":"2025-04-05T13:46:36","date_gmt":"2025-04-05T13:46:36","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=20724"},"modified":"2025-04-05T13:46:36","modified_gmt":"2025-04-05T13:46:36","slug":"smart-money-still-hunting-for-memecoins-despite-end-of-supercycle","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=20724","title":{"rendered":"Smart money still hunting for memecoins despite end of \u2018supercycle\u2019"},"content":{"rendered":"
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The most successful cryptocurrency traders are still chasing quick profits in memecoins, despite signs that the broader \u201csupercycle\u201d for the speculative assets may be winding down. The shift follows recent disappointment tied to memecoin launches associated with US President Donald Trump.<\/p>\n

The industry\u2019s most successful cryptocurrency traders by returns \u2014 tracked as \u201csmart money\u201d traders on Nansen\u2019s blockchain intelligence platform \u2014 continue hunting for quick memecoin returns.<\/p>\n

While growing stablecoin holdings show increased caution, smart money remains open to speculative plays, according<\/a> to Nicolai Sondergaard, a research analyst at Nansen.<\/p>\n

\u201cThere was the recent meme surge and smart money is always happy to capitulate on that. But they\u2019re also happy to rotate out of these quickly as well,\u201d he said during Cointelegraph\u2019s Chainreaction live show on X.<\/p>\n

\u201cThe recent meme frenzy was just a fun play they worked on, while the broader market is sorting out the direction because memecoins aren\u2019t necessarily affected by the same macroeconomy as Bitcoin and Ethereum,\u201d he added.<\/p>\n

Related: <\/strong><\/em>Bitcoin holds firm as stocks lose $5T in record Trump tariff sell-off<\/strong><\/em><\/a><\/p>\n

The analyst\u2019s insights came a week after a savvy trader turned an initial investment of just $2,000 into $43 million<\/a> with the popular Pepe (PEPE<\/a>) cryptocurrency, Cointelegraph reported on March 30.<\/p>\n

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Savvy Pepe trader, transactions. Source: <\/em>Lookonchain<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n

However, the trader didn\u2019t manage to sell the top but still made a realized profit of over $10 million, despite Pepe\u2019s over 70% decline from its all-time high.<\/p>\n

Related: <\/strong><\/em>Trump family memecoins may trigger increased SEC scrutiny on crypto<\/strong><\/em><\/a><\/p>\n

Trump token launch may have ended memecoin \u201csupercycle\u201d<\/h2>\n

The launch of the Official Trump (TRUMP) memecoin on Jan. 18 may have signaled the end of the memecoin \u201csupercycle.\u201d<\/p>\n

\u201cPump.fun has been synonymous with the \u201cmemecoin supercycle,\u201d as it accounts for over 70% of tokens launched on Solana, according to a Binance research report<\/a> shared with Cointelegraph.<\/p>\n

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Pump.fun usage metrics. Source: Binance research <\/em>report<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n

The memecoin launchpad\u2019s weekly usage metrics peaked on the week of Trump\u2019s inauguration and have since declined. Total active wallets on Pump.fun fell from 2.85 million on the week of Jan. 20 to just 1.44 million as of March 31.<\/p>\n

The decline is mainly attributed to a decay in investor sentiment, a Binance spokesperson told Cointelegraph, adding:<\/p>\n

\u201cMarket sentiment also appears to have shifted amid unverified reports of insider trading linked to subsequent high-profile tokens such as $MELANIA and $LIBRA.\u201d<\/p><\/blockquote>\n

\u201cBroader macroeconomic uncertainty, including volatility driven by global tariff policies, may have further dampened speculative appetite for memecoins more generally,\u201d the spokesperson said.<\/p>\n

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TRUMP\/USD, all-time chart. Source: CoinMarketCap<\/em><\/p>\n<\/figcaption><\/figure>\n

Meanwhile, the TRUMP token is down more than 87% from its peak of $75.35, reached on Jan. 19. The token fell over 8% in the past week, CoinMarketCap data shows<\/a>.<\/p>\n