**Cryptocurrency News**
- During the previous crypto bull markets of 2017 and 2021, Coinbase was the most downloaded app. It is currently ranked 438, indicating low retail investor interest.
- The amount of Bitcoin held by short-term holders is around 2.5 million tokens, which is typically associated with bear markets.
- Gas usage for NFTs on the Ethereum network has fallen to 2%, down from a peak of 40% in 2021.
- It is an open question whether retail investors are participating in the current rally. Their activity is often an indicator of a market top.
- Retail Bitcoin transfer volume is only half of the 2024 peak, confirming Glassnode data on low fees and address activity.
- At the same time, activity in memecoins has increased sharply, showing growth of 2,040% for new memes and 105% for old memes since the beginning of the year.