**News Flash: Memecoins Surge as Bitcoin Interest Dips**

Google search volumes for "Bitcoin" hit a 1-year low in mid-October 2024, scoring just 33 out of 100. In contrast, "memecoins" saw a search volume of 77, though still below their peak of 100 from October 2023. CryptoQuant CEO Ki Young Ju predicts memecoin interest will reach new highs by the end of October 2024.

Memecoins have been the top-performing digital asset sector in 2024. On the Solana network alone, 491,000 new tokens were created since mid-September, with a market cap exceeding $10 billion and daily trading volumes around $2.3 billion. Platforms like Pump.Fun and SunPump on Tron have made it easier for users to create and trade memecoins, despite warnings from investors like Mark Cuban about the risks involved.