Memecoins in Crisis: Is the Frenzy Over?

A shift in sentiment? Perhaps. But let us not forget, the crypto sector is a fickle lover, prone to fits of rage and despair. 😭

A shift in sentiment? Perhaps. But let us not forget, the crypto sector is a fickle lover, prone to fits of rage and despair. 😭
As of today, Bitcoin has fallen to around $91,238, down more than 13% this week, while Ethereum slipped to $3,012 and XRP dropped to $2.13, losing over 15% in seven days. Several popular altcoins also remain in deep red territory. Analysts say this downturn is not driven by weak fundamentals, but by a combination of structural, psychological, and mechanical factors. 🤯💸
Glassnode, that oracle of on-chain despair, declared Monday that XRP’s “supply in profit” has sunk to November 2024 levels-when the coin traded at $0.53, a price so laughable it makes a beggar blush. And yet, here we are: trading 4× higher at $2.15, but still drowning in losses. Late buyers, you fools, thought you were dining at the last supper. 🤡

Macro swing-trader “The Great Mattsby” (@matthughes13), a man who sees patterns where others see chaos, insists that Bitcoin is merely retracing its steps, like a drunkard on a familiar path. “Back in 2024,” he reminds us, “BTC consolidated for 7 months in the $70k-$50k zone before breaking out.” Ah, the sweet nostalgia of past glories! 🥂

Rekt Capital, the guy who probably owns a calculator and a frown, shared a chart that’s basically a warning sign with a puppy on it. “Dogecoin needs to protect its multi-year technical uptrend,” he says, as if that’s something that actually happens. 🚨

XRP has been in the headlines with an 89 percent return last year, while big crypto such as Bitcoin (BTC), Ethereum (ETH), and the CoinDesk 20 Index (CD20) have little or negative returns. 🤯 Who knew the real MVP of 2025 was a cryptocurrency named after a tropical fruit?

Apparently, a fair chunk-roughly 30-35%-of XRP supply is now in the red, according to the brainy folks at Glassnode. This marks a significant turnaround from October, when most were basking in the glow of profits. Poor dears, they were almost smug back then.

But hold onto your Bowser hats – just yesterday, a shocking twist: nearly 60 billion coins made a sneaky return to the exchanges. Evidently, some holders couldn’t resist the siren call of quick profits or perhaps are just elbowing their way back into the market chaos. Now the question remains: are they coming in for a quick splash or pulling back to rethink their strategy? It’s the crypto equivalent of a soap opera, darling, and we’re all watching with bated breath. 📉📈

Both funds orbit the same financial galaxy, yet QQQ’s trajectory follows the tech-slinging NASDAQ-100, whereas VOO cruises the broader S&P 500. It’s the difference between building a campfire with a single matchstick (QQQ) and igniting a controlled burn across a forest of diversified timber (VOO).

Beta measures price volatility relative to the S&P 500; beta is calculated from five-year weekly returns. The 1-yr return represents total return over the trailing 12 months.