As memecoins grow in popularity, it is observed that the number of daily active addresses has not reached the levels of the 2021 bull market. Currently, there are approximately 16 thousand active addresses, indicating that individual investor interest is still low. Despite the increase in market value, memecoins have not yet fully attracted individual investors.
Although the popularity of memecoins continues to grow in the cryptocurrency world, the interest of individual investors has not yet peaked, according to the latest data. According to data provided by IntoTheBlock, the number of daily active addresses in the memecoin market is currently around 16 thousand. This number is well below the 32 thousand daily active addresses observed during the bull market in 2021. This shows that the current activity and individual investor interest in the memecoin market is still low compared to past levels.
According to IntoTheBlock’s data, the number of daily active addresses for memecoins is considered an important indicator of individual investor interest in the cryptocurrency market. However, current activity has not reached the peak levels seen in 2021. During the bull market in May and November 2021, the number of daily active addresses for memecoins reached record levels of 32 thousand. Today, 16 thousand active addresses show that interest in the memecoin market is still limited. This indicates that individual investors have not yet fully returned to the market.
Despite the fact that the total market value of memecoins has reached new highs, this low activity is striking. The memecoin market is generally known as an area where individual investors are active by making small investments. However, according to current data, investor interest is more limited this time. This shows that the influence of individual investors on the memecoin market is less decisive than in previous years.
Individual investors do not seem to have fully returned to the cryptocurrency market. Memecoins have generally been an attractive area for individual investors aiming for short-term gains. However, according to current data, the impact of individual investors on the memecoin market remains at lower levels compared to previous years. According to IntoTheBlock's evaluations, this situation creates a significant difference in the memecoin market. In 2021, the intense interest of individual investors played a critical role in the growth of the memecoin market. However, despite the increase in market value, this interest has not yet fully re-established.