#MemecoinSentiment

Sentiment towards memecoins overall tends to be positive, driven by the fantastic price surge of several tokens earlier this month (over 700% in 24 hours) and the emergence of many new projects. The improving crypto market has also supported this optimism.

However, it is important to remember that volatility remains very high and significant risks still lurk, especially from potential profit-taking actions by large investors.

Key Highlights:

* Interest from Large Investors: Billionaire Justin Sun has again bought up TRUMP tokens worth USD 100 million, showing confidence from big players.

* New Projects Selling Like Hotcakes: The Pump.Fun token sold out in 12 minutes on the Solana launchpad, indicating enthusiasm for new memecoins.

* Tokens Under Surveillance: Several memecoins such as PENGU, PEPE, USELESS, Hosico Cat (HOSICO), Osaka Protocol (OSAK), Cheems, Mubarak, Sudeng, DOGS, Cronos (CRO), Shiba Inu (SHIB), and Bonk (BONK) are under close watch, with some showing accumulation by whales (large investors).

Be cautious due to the speculative nature and drastic price changes in memecoins.

*The image is for illustration purposes only.