Memecoin Interest Peaks with Solana and Tron Tokens
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Search volumes for “Bitcoin” dropped to a yearly low in mid-October 2024, reaching just 33 out of 100 on Google. In contrast, “memecoin” searches surged, scoring 77, driven by new token creations on Solana and Tron networks. Memecoins have become the top-performing digital asset sector, with over 491,000 new tokens launched on Solana since September. Platforms like Pump.Fun and SunPump have fueled the craze, though memecoins face criticism for their volatility. Despite this, CryptoQuant’s CEO expects memecoin interest to reach a new high by late October.
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