#MemecoinSentiment refers to the collective mood or opinion of the public, particularly crypto investors and social media users, regarding a specific memecoin. Unlike traditional cryptocurrencies driven by utility, memecoins derive their value primarily from online hype, community engagement, and viral trends.

Positive sentiment (e.g., enthusiastic discussions, celebrity endorsements, trending memes) can trigger rapid price surges due to FOMO (Fear Of Missing Out). Conversely, negative sentiment (e.g., scam allegations, declining interest, shift in trends) can lead to sharp price drops. Analyzing memecoin sentiment through social media data is crucial for understanding their highly volatile and speculative market dynamics.