🎉Recently, Meme tokens led by PEPE have occupied the exchange market gainer list, and WIF has also landed on Robinhood and Binance. Do you think there is another wave of market disruption? Let’s take a look at the correlation between social media data and Meme token trends!
First of all, from the perspective of domestic social media platforms, PEPE and WIF are not very relevant, and they have not caused FOMO or widespread concern among users outside the circle. In terms of social media search data, extreme hot searches for DOGE and SHIB often mean that the market has peaked. Although PEPE and WIF have experienced large deviations, the extent is far less than that of DOGE and SHIB.
In summary, although the risks of PEPE and WIF have begun to accumulate, there has not been an obvious breakout of the circle, and there may still be some potential. What do you think of this wave of Meme tokens? Welcome to share your opinions in the comment area! 👇