#MemecoinSentiment Memecoin sentiment is currently very bullish and highly speculative, riding the wave of Bitcoin's impressive rally and strong retail investor interest. The total memecoin market cap has surged, with leaders like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) consistently posting significant gains. Even newer, more obscure tokens are joining the rally.

This positive sentiment is largely driven by social media hype, strong community engagement, and pure speculation, rather than intrinsic value. The "degen" appeal of potential quick, massive returns attracts many.

Sentiment is measured by analyzing social media, tracking trading volume, market capitalization, and open interest in futures. While exciting, memecoins are extremely volatile and carry significant risks due to their speculative nature. "Extreme greed" indicators suggest caution, as sudden corrections are always a possibility in this high-stakes market.