Memecoin sentiment is a rollercoaster, heavily swayed by social media hype and community narratives. Unlike traditional assets, their value is often driven by viral trends, influencer endorsements, and the collective "fear of missing out" (FOMO). Positive social media buzz can trigger explosive price surges, while negative sentiment or waning attention can lead to sharp corrections. This makes memecoins highly volatile and speculative. Understanding this sentiment, often through social media analysis, is crucial for anyone navigating this unpredictable corner of the crypto market.
