The “Memecoin Trend is Dead” Narrative

According to Santiment’s latest assessment, a strong sense of nostalgia and resignation has taken hold among market participants. A growing number of traders appear to be writing off the memecoin sector entirely, treating it as a relic of a previous cycle.

Historically, such broad-based pessimism can serve as a classic capitulation signal. In financial markets, when a specific segment is widely declared “dead,” it often signals peak negative sentiment — a condition that contrarian investors closely monitor. Santiment argues that sectors abandoned by the crowd frequently approach maximum pain levels, which have often coincided with market bottoms in past cycles.

Market Context Behind the Decline of Memecoin Trend

The weakness in memecoins has unfolded alongside a broader crypto market correction. On Feb. 3, Bitcoin fell to the $60,000 level — its lowest price since October 2024 — intensifying pressure across higher-risk digital assets.

Within the top 100 cryptocurrencies over the past seven days, most memecoins posted only modest gains. Pippin (PIPPIN) stood out dramatically with a 243.17% surge, while Official Trump gained 1.37% and Shiba Inu rose 1.11%. Outside of these exceptions, overall performance remained subdued, reinforcing the cautious tone in the sector.

A Changing Altcoin Landscape

In previous cycles, capital typically rotated from Bitcoin to Ethereum and eventually into higher-risk altcoins once Bitcoin established new highs. However, Bitcoin’s maturation and increasing institutional involvement have led some analysts to question whether this familiar rotation pattern will unfold in the same way.

There is growing speculation that the next altcoin season, if it materializes, may not resemble the broad-based rallies of the past. Instead of a “rising tide lifts all boats” environment, gains could become more selective and concentrated.

Fear as a Potential Reversal Signal

Santiment also highlights a noticeable surge in bearish commentary across social media. Historically, extreme pessimism has often preceded market recoveries, as markets tend to move against prevailing consensus expectations.

While the memecoin sector currently appears fragile, sentiment data suggests that conditions associated with potential reversals may be forming. Whether this translates into a sustained recovery or merely a limited rebound remains dependent on broader market dynamics.

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Bitcoin and Energy: Musk’s Perspective

Musk’s recent statement came as a response to a post by financial media outlet ZeroHedge. The post argued that growing investments in artificial intelligence (AI) have triggered a new form of global arms race between the United States and China, leading to an expansion of market liquidity. This liquidity surge, according to ZeroHedge, has supported the recent rally in gold, silver, and Bitcoin prices.

The discussion pointed out that “energy cannot be printed,” referring to the tangible limits of real-world value creation compared to fiat money. Musk agreed with this notion and elaborated by stating:

True. That is why Bitcoin is based on energy: you can issue fake fiat currency, and every government in history has done so, but it is impossible to fake energy.

Why Musk Believes Bitcoin’s Value Is Unique

Through this statement, Musk underlined a critical concept: Bitcoin’s scarcity and authenticity stem from its energy consumption and mining process. Unlike fiat currencies that can be printed in unlimited quantities, Bitcoin’s supply is fixed and its production requires verifiable computational work.

Musk’s comment suggests that Bitcoin’s true value lies in the energy and effort required to produce it — not merely in speculation or demand. In his view, while governments can manipulate traditional money, Bitcoin represents a system grounded in physics and mathematics, where energy serves as the foundation of trust and scarcity.

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CleanCore’s Dogecoin Strategy

CleanCore does not view Dogecoin merely as a short-term speculative investment. The company aims to position DOGE as a long-term digital treasury asset and a sustainable payment method:

• Total DOGE Holdings: The company currently holds around 958 million DOGE, leaving only a small gap to reach its 1 billion DOGE target.
• Goal and Strategy: The initial plan to accumulate 1 billion DOGE forms the core of CleanCore’s long-term strategy. The company aims to position DOGE as a digital asset usable in the real world.
• Funding: At the beginning of September, CleanCore raised $175 million in investments, allocating a large portion of these funds to DOGE purchases.
• Leadership: Alex Spiro, who leads the company, previously helped Musk win a $250 million Dogecoin lawsuit. This experience provides a reliable foundation for CleanCore’s Dogecoin management strategy.

Market Reaction and Price Status

The market movements of Dogecoin and related treasury companies are closely monitored within the crypto ecosystem:

• Stock price had risen to $7 in early September but currently trades around $2.
• Dogecoin price is currently at $0.25.

Volatility in the crypto market, particularly sharp movements in Bitcoin, can cause fluctuations in altcoin-focused treasury companies. CleanCore has also been affected by this volatility.

Experts note that despite short-term price swings, CleanCore’s strategy is built on long-term value accumulation and expanding practical use cases.

CEO Statements and Future Outlook

CleanCore CEO Clayton Adams summarizes the company’s vision:

“Our goal is not to see Dogecoin merely as a memecoin; we aim to make it a digital asset usable in the real world. This way, more people will use it, and the coin’s value will be sustainable in the long term.”

The CEO’s statements indicate that the company is focused on strengthening Dogecoin’s ecosystem and real-world applications. CleanCore’s approach encourages DOGE to function not only as an investment asset but also as a practical token in real-world use cases.

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What is Gigachad (GIGA)?

Gigachad is a memecoin inspired by a viral internet meme. Introduced in 2024, this meme is based on a fictional Russian bodybuilder and represents modern perceptions of masculinity. The meme creator enhanced the original image to make the physique more muscular, gaining significant popularity on social media. The term “Gigachad” signifies peak masculine perfection in internet culture.

The $GIGA token emerged from the meme’s popularity. Operating on the Solana blockchain, the project stands out with its community-driven governance approach. The memecoin embraces the “Gigachad” spirit, promoting masculinity and self-improvement while setting standards for physical and mental excellence. The token is for entertainment purposes and honors Ernest Khalimov with meme power and “Chad” energy, without expectations of profit.

In the memecoin market, successes like $DOGE and $PEPE were driven by viral effects. A memecoin’s success hinges on being a meme that exists independently, recognizable even to an Uber driver. While people on Crypto Twitter chase the next shiny object, $GIGA focuses on onboarding normies (regular users) from the start, emphasizing long-term holding. Normies don’t trade; they hold, and $GIGA continuously brings this audience on board.

Memes emerged in the early 2000s with the explosion of internet usage. Social media sparked network effects, and shares became viral. A viral meme like Gigachad creates a similar network effect by onboarding normies early: one person attracts two new normies, who attract four more, and so on. As one of the most viral memes in history, combined with the rise of the masculinity movement and growing crypto popularity, Gigachad is perfectly positioned to take the world by storm.

Purpose of Gigachad (GIGA)

The creators of the Gigachad project recognized the meme’s potential to attract a dedicated community. The core mission is to inspire the pursuit of peak physical and mental health excellence. The project combines blockchain technology with a popular internet meme to create a community. This community serves as a platform where members share their self-improvement journeys.

The creators aim for more than just financial gains or promises of technological excellence. Instead, they promote values like self-discipline, continuous improvement, and perseverance to transform the lives of community members. $GIGA stands out in the crypto space with its emphasis on masculinity and self-improvement.

It attracts real, real-life, high-testosterone “chad” holders; there’s no room for soy jacks or pretenders. Low testosterone leads to fear, while high testosterone fosters confidence and conviction. $GIGA is a relevant IRL meme that normies recognize. Its holders are chads, and the Gigachad meme on Solana is irreplaceable due to the community ownership of the @gigachad Twitter handle and partnerships with the original meme creator Ernest Khalimov and photographer Krista Sudmalis.

How Gigachad (GIGA) Works

The memecoin space is constantly evolving, hosting numerous vibrant projects since Dogecoin’s success. Gigachad (GIGA) has gained popularity with its unique approach, blending community spirit and meme culture. The Gigachad meme, a prominent symbol of masculinity in popular culture, transitioning into a memecoin is unsurprising.

The project uses the Solana blockchain and is community-owned. $GIGA is powered by meme energy; holders motivate each other physically, mentally, financially, and spiritually. New members are added daily to grow the community. $GIGA aims to motivate each member to be their best self by recognizing the value of time and discipline.

Use Cases

Gigachad (GIGA), as a community-driven memecoin, is used for entertainment and engagement. Holders participate in online tipping, peer-to-peer transactions, and meme-related events. Social media trends, viral content, and community activities influence its value. The project attracts crypto enthusiasts and internet culture fans, offering a platform for digital interaction. It can be traded on decentralized exchanges and integrates with the broader crypto ecosystem. $GIGA supports the masculinity movement, involving holders in a broader movement.

Gigachad (GIGA) Tokenomics

The tokenomics structure, dubbed GIGANOMICS, forms the project’s foundation:

• Supply: 9.6B
• Contract: Immutable
• Liquidity Pool: Burnt

This structure ensures a community-driven and transparent economy.

Gigachad (GIGA) Team

The Gigachad project is managed by the community, prioritizing member ownership over a centralized team. Partnerships with the original meme creator Ernest Khalimov and photographer Krista Sudmalis enhance the project’s authenticity. The community is governed through the @gigachad Twitter handle, with members participating in decision-making processes.

Official Links

• Website
• X (Twitter)

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Qubic Community Chooses Dogecoin

According to an announcement on Qubic’s official X account, discussions around Dogecoin are ongoing, and the preparation phase will take time. The post noted:

“Questions about the blockchain’s resilience continue to be raised, and we may have the answers to solve these issues.”

In a community poll, Dogecoin was chosen as the target over other major meme coins such as Kaspa and Zcash. This step demonstrates that Qubic’s community-driven decision-making mechanism is actively functioning.

Debate Over the Monero 51% Attack Continues

Last week, Qubic claimed to control over 51% of Monero’s network hash power. This move allegedly gave the protocol the ability to reorganize six blocks. Qubic clarified that its goal is not merely to attack, but to identify and expose vulnerabilities within the system.

Additionally, Qubic converts the mining rewards it earns into USDT and uses them for QUBIC token burns and distributions. However, some Monero community members argue that the 51% attack was not entirely successful, describing the outcome as affecting “a few lucky blocks.”

Qubic’s Proof-of-Work (PoW) Strategy

Founder Sergey Ivancheglo conducted a community poll asking, “Which PoW blockchain running on ASIC devices should a 51% attack target?” Dogecoin was clearly selected over Kaspa and Zcash. This decision highlights that Qubic’s future strategic moves are shaped through active community participation.

Qubic’s Monero move drew attention to blockchain security and vulnerability detection. Now, with Dogecoin as its next focus, the protocol’s strategic approach is once again in the spotlight. This development is an important step to watch for both the Qubic community and the broader crypto market.

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Friday’s economic and geopolitical developments significantly increased selling pressure not just in crypto, but across traditional markets as well. U.S. stock indices also dropped sharply: the Dow fell 1.23%, the S&P 500 lost 1.6%, and the Nasdaq declined by 2.24%.

1. Weak Employment Data

The U.S. Bureau of Labor Statistics reported that only 73,000 jobs were added in July — well below expectations. Moreover, there was a downward revision of 258,000 jobs for May and June combined, indicating deeper labor market weakness than previously thought.

While the unemployment rate remained at 4.2%, the number of long-term unemployed rose by 179,000, reaching 1.8 million. The increase in the number of new job seekers also stood out. Markets interpreted this as a sign that the labor market deterioration is accelerating.

2. Strong Response from President Trump

President Donald Trump reacted swiftly to the labor data. In a public statement, he accused BLS Commissioner Erika McEntarfer of manipulating employment figures and ordered her immediate dismissal. This move strengthened perceptions that economic data is being politicized, shaking investor confidence.

3. Escalating Tensions with Russia

Later the same day, Trump announced that he had ordered two nuclear submarines to reposition in response to provocative statements from Russian officials. The lack of a prior statement from the Pentagon added to the unease. Investors interpreted this as a significant geopolitical risk, further pressuring risk assets.

Rate Cut Expectations Rise — But Confidence Doesn’t

Following the weak jobs data, many investors now expect the Federal Reserve to cut rates by 50 basis points in September. However, this anticipation did little to lift the markets.

That’s because rate cuts are no longer viewed as a proactive tool to stimulate growth. Instead, they are increasingly seen as a reaction to economic weakness — a signal that the downturn may already be underway. In this context, easing monetary policy failed to counter the growing fear of recession, especially in sectors like crypto that are highly sensitive to macro sentiment.

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A Mission More Difficult Than Expected

Appointed by President Donald Trump as a Special Government Employee, Elon Musk was legally bound to a 130-day term, which ends on May 30. On May 29, Musk confirmed via X that he is stepping down, thanking Trump for the opportunity to tackle wasteful expenditures.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

In a May 27 interview with The Washington Post, Musk admitted the “federal bureaucracy situation is much worse than expected,” calling the effort “an uphill battle.” DOGE, despite its bold goals, only achieved 8.5% of Musk’s original plan to cut $2 trillion from the budget. Reuters reported DOGE managed a 12% reduction in federal workforce—about 260,000 jobs.

Politics, Tesla, and the Media Spotlight

On May 28, Musk told Ars Technica he may have spent “a bit too much time” on politics, though he stressed the media exaggerated his involvement. “I didn’t leave the companies. It was just relative time allocation,” he said. Following Tesla’s Q1 report where Musk announced less time on DOGE, Tesla shares rose over 5%, despite an 80% drop in net income. Tesla still holds 11,509 Bitcoin, worth approximately $1.24 billion as of March 31.

Meanwhile, a federal judge has allowed a lawsuit to proceed, accusing Musk and DOGE of unconstitutional actions including unauthorized data access and unlawful termination of federal contracts. The case, filed by 14 states, could further challenge Musk’s foray into public service.

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Investors are negatively affected by this rapid decline in these coins. The market volatility and risk aversion trend have particularly increased liquidations among retail investors. Even well-established coins like Dogecoin and Shiba Inu couldn’t escape this crash. Thus, the meme coin collapse weakened market sentiment and shook investor confidence. 

Reasons Behind the Meme Coin Crash and Market Reactions 

The main reasons behind the meme coin crash are general market fluctuations and risk-averse behavior. Liquidations increased on exchanges as leveraged traders closed their positions. Coins with high retail interest, like the TRUMP token, lost value due to the deteriorating market sentiment. Additionally, some experts pointed to price manipulation allegations around the TRUMP token. 

On the other hand, price movements of major cryptocurrencies like Bitcoin and Ethereum also influence this market. Bitcoin’s upward momentum slowed down, while Ethereum experienced significant sell-offs. Although the altcoin market has generally been on the rise, short-term pullbacks are occurring. This situation has led investors to act more cautiously after the sharp decline in meme coins. 

In conclusion, the meme coin crash indicated high risk and volatility in the crypto market. Investors are closely watching Bitcoin and major altcoins for possible recovery signals. While selling pressure continues on viral coins, the overall market balance and investor perception remain critically important. 

***NOT INVESTMENT ADVICE*** 

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• Whales have attracted attention with DOGE purchases exceeding $1 billion in the past month. These massive buys have boosted market confidence and strengthened bullish expectations. 
• Trader Tardigrade states that Dogecoin is following a pattern similar to its 2014–2018 cycle. This similarity points to a super cycle where DOGE could reach $17–18. 
• DOGE has established strong support at $0.22. 

Whales Accumulated 1 Billion DOGE 

Crypto analyst Ali Martinez closely examined Dogecoin’s on-chain metrics. He highlighted noticeable increases in active addresses and transaction volume. The most striking data came from whales. In the past month, whales accumulated over 1 billion DOGE tokens. 

Such large-scale purchases typically signal market confidence. Therefore, many investors view whale movements as a signal. Currently, Dogecoin’s price has formed a solid support zone at $0.22. The first upward resistance level stands out at $0.27. 

Analysts Predict a New Super Cycle 

One of the prominent analysts in the crypto world, Trader Tardigrade, commented on Dogecoin’s price chart. He noted striking similarities between the 2014–2018 and 2021–2025 periods. According to the analyst, DOGE has entered a “Super Cycle” phase similar to its historical patterns. 

Thus, the current price levels present a significant opportunity for investors. Tardigrade states that past chart patterns are repeating, and DOGE could reach $17 to $18. He also mentions that the memecoin is currently in a strong accumulation phase, which is typically seen before a parabolic rally. The analyst suggests that if the price breaks above $0.27, DOGE could reach the $17–18 range by the end of 2025. Therefore, investors see the current levels as an opportunity. 

Dogecoin’s technical indicators and on-chain data are giving positive signals. Consequently, analysts and investors believe DOGE could reach significant price levels in 2025. Increasing whale purchases, rising active addresses, and chart similarities support this expectation. 

***NOT INVESTMENT ADVICE*** 

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According to the May 6 filing, the Bitwise NEAR ETF will reflect the token’s market performance minus management expenses. Coinbase Custody has been named the proposed custodian, but the ticker, exchange, and fee details remain undisclosed.

SEC Faces Growing List Of Spot ETF Filings

The SEC now has over a dozen crypto ETF applications in its queue for 2025, including Litecoin (LTC), Dogecoin (DOGE), Solana (SOL), XRP, Cardano (ADA), Hedera (HBAR), Polkadot (DOT), Chainlink (LINK), Avalanche (AVAX), Aptos (APT), and Sui (SUI).

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Bitwise previously submitted ETF filings for DOGE, SOL, and XRP, and already manages approved spot Bitcoin (BTC) and Ethereum (ETH) ETFs listed on NYSE Arca, which have gathered over $2.35 billion in net inflows since launch.

NEAR’s Vision: From DeFi To AI Infrastructure

With a market cap of $2.73 billion, NEAR ranks as the 44th largest cryptocurrency by CoinGecko. The blockchain is known for tackling the “blockchain trilemma” of decentralization, scalability, and security.

In 2024, the NEAR ecosystem pivoted from DeFi to AI, announcing a plan to build the world’s largest open-source large language model. Its Nightshade sharding tech allows for up to 100,000 transactions per second, backed by 265 active validators, according to Nearblocks.io.

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