Solana and Bitcoin Surge in Popularity as Memecoins Plummet

Market interest in Solana (SOL) and Bitcoin (BTC) is on the rise, according to the latest report from Matrixport. Google search trends indicate a growing interest in these cryptocurrencies, while Ethereum (ETH) and memecoins remain at low points, nearing all-time lows.

The report notes that since the launch of TRUMP, the issuance and trading activity of memecoins have significantly decreased. Google Trends data confirms this, showing extremely low overall market attention for these assets. Historically, a sharp decline in search popularity has been highly correlated with a deep price correction, which is currently the trend for TRUMP, having plummeted 82% from its peak.

In a market lacking new catalysts of interest, traders should focus on assets where momentum is building, such as Solana and Bitcoin. The report suggests that traders should engage with the community and prioritize assets with growing interest and potential.