#MemecoinSentiment Memecoins like $DOGE, $SHIB, and newer tokens such as $PEPE or $FLOKI often ride on hype, community strength, and viral trends rather than fundamentals. Sentiment plays a crucial role in their price action—positive social media buzz or celebrity mentions can trigger massive spikes, while negative news can crash them. Traders should monitor platforms like X (Twitter), Reddit, and Telegram to gauge community mood. However, memecoins are extremely volatile and high-risk. Many retail investors jump in during pumps, only to face heavy losses during dumps. Smart traders use sentiment as a short-term indicator but always combine it with strong risk management strategies to avoid emotional decisions.