The cryptocurrency market remains to be recycling outdated narratives, with few new traits but to emerge and substitute the dominant themes within the first quarter of 2025.
Artificial intelligence tokens and memecoins had been the dominant crypto narrative within the first quarter of 2025, accounting for 62.8% of investor curiosity, in line with a quarterly analysis report by CoinGecko. AI tokens captured 35.7% of worldwide investor curiosity, overtaking the 27.1% share of memecoins, which remained in second place.
Out of the highest 20 crypto narratives of the quarter, six had been memecoin classes whereas 5 had been AI-related.
“Seems like we have yet to see another new narrative emerge and we are still following past quarters’ trends,” stated Bobby Ong, the co-founder and chief working officer of CoinGecko, in an April 17 X post. “I guess we are all tired from the same old trends repeating themselves.”
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Interest in memecoins noticed a pointy enhance forward of US President Donald Trump’s inauguration on Jan. 20 after his staff launched the Official Trump (TRUMP) memecoin on Jan. 18 and the Official Melania (MELANIA) token on Jan. 19 on the Solana community.
However, some business watchers are involved that memecoins are draining capital from utility tokens, resembling Solana (SOL), limiting their value potential.
SOL has fallen by round 48% previously three months since Trump’s inauguration, when it briefly peaked above $270, TradingView information reveals.
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Memecoins “fell off a cliff” after Libra fiasco
The crypto business took one other hit after the collapse of the Libra (LIBRA) token, a memecoin endorsed by Argentine President Javier Milei, which worn out $4 billion in market worth inside hours after insiders allegedly withdrew over $107 million in liquidity, inflicting a 94% value crash.
Memecoins “fell off a cliff” after the Libra scandal because the variety of new tokens deployed on Solana’s Pump.enjoyable noticed a drastic fall, the report acknowledged, including:
“Daily tokens deployed has fallen by over 56.3% from its peak in January to 31K at the end of 2025 Q1. The percentage of ‘graduated’ tokens also fell drastically to 0.7%, compared to 1.4% in 2025 January.”
While the Libra scandal marked the tip of the “politicam memecoin” development, the business’s most worthwhile merchants are nonetheless trying to find speculative memecoin investments regardless of the end of the memecoin supercycle.
“There was the recent meme surge and smart money is always happy to capitulate on that,” Nicolai Sondergaard, a analysis analyst at Nansen, instructed Cointelegraph, including that memecoins might solely be a “fun play” for sensible buyers, as they aren’t affected by the identical macroeconomic issues as Bitcoin (BTC) and Ether (ETH).
At the tip of March, a savvy dealer turned an preliminary funding of simply $2,000 into $43 million with the favored Pepe (PEPE) memecoin, however missed promoting the highest, locking in a realized revenue of over $10 million, regardless of Pepe’s over 70% decline.
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