At the beginning of 2021, DOGE set off the earliest wave of Meme craze named "Zoo Quotes", and the highest market value of DOGE itself reached 88.79 billion US dollars. At that time, DOGE successfully broke through the circle, spread widely on various social media, and introduced a large number of New investment related currencies.


On May 8 of that year, DOGE hit its highest point of 0.74 USDT. The overly hot market accumulated a large number of leveraged positions. On May 12, Bitcoin fell by 12.5%, and then the famous 519 crash occurred. Bitcoin’s single-day amplitude was 34.8 %, down 14.44%.


The "second generation Meme leader" SHIB's two rounds of market prices occurred in May and the end of October 21 respectively, and the two peak times in May and November were also very close, but the circle-breaking effect was not as good as DOGE.


Recently, Meme tokens headed by PEPE have occupied the exchange price increase list, and WIF has also landed on Robinhood and Binance. Does it herald another round of market breaks and will soon reach the top of the mountain? Odaily Planet Daily will review social media data and Meme token trends in this article, including DOGE, SHIB, PEPE, and WIF, to explore whether the two are related and foreshadowed.


Breaking the circle of communication? Not started yet


Let’s start with the domestic social media platforms.


Weibo: In 2021, a large number of official accounts and individuals announced Web3 industry content on Weibo. Although a large number of users have migrated to the X platform, Meme coin-related content can still be updated in real time and spread to a certain extent. The content searched by PEPE is closely related to cryptocurrency, while there is less content related to WIF, and most of the content is related to "WiFi".



Xiaohongshu: The situation on this platform is similar to that of Weibo. PEPE is highly relevant, but most posts are not recent and the number of likes is not high, indicating that it has not yet aroused FOMO and widespread attention from users outside the circle. WIF also has scattered related content, with uneven time distribution, most of which are related to "WiFi" entries.



Immediately: The Web3 concentration of this platform is actually not inferior to Weibo and Xiaohongshu, but it is more mainly used for formal project promotion and communication among practitioners. Currently, PEPE has only a few posts discussing its increase, while WIF has not been mentioned.



Social media search data review


Review DOGE and SHIB trends based on "Baidu Index" and "Google Trends". "Baidu Index" is an absolute index, showing the search magnitude within a specific time period, while "Google Trends" is an absolute value, with a maximum value of 100 , showing relative trends over a specific time period.


The price and social media search data of DOGE are as follows. Google data shows that from January to mid-May, the global attention to DOGE is similar, while the domestic market pays more attention to the latter two waves. And it can be clearly seen that once there are hot searches that far exceed the average on a certain day, it means that the short-term market has reached a peak.




The price and social media search data of SHIB are as follows. The pattern is similar to that of DOGE. Extreme hot searches mean that the market has peaked. However, it can be seen that the domestic attention is mainly caused by the "zoo market" triggered by DOGE in May. In the second round, domestic attention dropped significantly.




The price and social media search data of PEPE in the past month are as follows. Google Trends cannot be queried across months due to official settings. However, after 7 days of query, the popularity has not changed significantly from the end of February. However, fluctuations that deviate significantly from the mean have begun to occur in China, but the degree of deviation is not as high as the over 100-fold fluctuations that DOGE and SHIB once achieved.





The price and social media search data of WIF in the past month are as follows. There is no obvious change in domestic attention to it. It is worth noting that at 18:00 on March 5, that is, after Binance announced the listing of WIF spot, the popularity began to surge, and there was Deviations similar to PEPE.





in conclusion


To sum up, extreme hot searches for Meme tokens often mean the peak of a market. Currently, both PEPE and WIF have experienced large deviations, which means risks have begun to accumulate, but the degree is far less than that of DOGE and SHIB, and it is not obvious. If the situation of breaking the circle occurs, there may still be some potential space.