š§ The broader market hasnāt collapsed, but meme coins are quietly bleedingā is this a ābrief pause,ā or has the money already moved on?
According to EconoTimesā derivatives data for 10/17, BTC is fluctuating around $81,000, while open interest in meme-related perpetuals is cooling off: Solanaās open interest fell 4.25% over 24 hours, one of the steepest drops among the top five assets; DOGE open interest stood at around $216 million, down a slight 0.35%. At the same time, several community analysts noted that capital is moving out of pure meme coinsāPEPE, FLOKI, BONK, and WIF were singled outāand into āmore usefulā sectors like infrastructure, AI, and RWA.
PENGU is the clearest example of the contrast: its brand has been on a roll (toys stocked in over 10,000 Target and Walmart locations, a Nasdaq appearance alongside VanEck, and a collaboration with LINE FRIENDS in South Korea), yet the token is still down about 88% from its 2024 peak. The token itself has no connection to toy revenue, and the ETF application (covering the token and NFTs) has been repeatedly delayed by the SEC. Brand value belongs to the brand; token price belongs to the token. In projects like this, the two are often ādisconnected.ā
My take: This doesnāt look like the āmeme supercycleā many people were hoping for. It looks more like highly selective capital rotationāmoney is flowing only into assets with real revenue or ecosystem progress, while purely sentiment-driven coins are the first to fall when the hype fades. But thatās also where meme coinsā volatility can work in their favor: if BTC holds steady and risk appetite returns, rebounds can be sharp. The key level to watch is whether BTC can hold $80,000ā$82,000, not the chart of any individual meme coin.
Do you think this is a ābrief pauseā for meme coins, or has capital already shifted to other sectors? š¤
#Binance #MemeCoin #CryptoMarket (For observation, not investment advice)
According to EconoTimesā derivatives data for 10/17, BTC is fluctuating around $81,000, while open interest in meme-related perpetuals is cooling off: Solanaās open interest fell 4.25% over 24 hours, one of the steepest drops among the top five assets; DOGE open interest stood at around $216 million, down a slight 0.35%. At the same time, several community analysts noted that capital is moving out of pure meme coinsāPEPE, FLOKI, BONK, and WIF were singled outāand into āmore usefulā sectors like infrastructure, AI, and RWA.
PENGU is the clearest example of the contrast: its brand has been on a roll (toys stocked in over 10,000 Target and Walmart locations, a Nasdaq appearance alongside VanEck, and a collaboration with LINE FRIENDS in South Korea), yet the token is still down about 88% from its 2024 peak. The token itself has no connection to toy revenue, and the ETF application (covering the token and NFTs) has been repeatedly delayed by the SEC. Brand value belongs to the brand; token price belongs to the token. In projects like this, the two are often ādisconnected.ā
My take: This doesnāt look like the āmeme supercycleā many people were hoping for. It looks more like highly selective capital rotationāmoney is flowing only into assets with real revenue or ecosystem progress, while purely sentiment-driven coins are the first to fall when the hype fades. But thatās also where meme coinsā volatility can work in their favor: if BTC holds steady and risk appetite returns, rebounds can be sharp. The key level to watch is whether BTC can hold $80,000ā$82,000, not the chart of any individual meme coin.
Do you think this is a ābrief pauseā for meme coins, or has capital already shifted to other sectors? š¤
#Binance #MemeCoin #CryptoMarket (For observation, not investment advice)