- TikTok has grow to be a big platform for cryptocurrency meme coin fans.
- Meme content material on the platform hit an all-time excessive in 2023. Could. rally.
- Gen Z dominates the #memecoin pattern on TikTok, adopted by millennials.
Latest information exhibits that TikTok has grow to be a robust platform for cryptocurrency fans, particularly these occupied with meme cash.
In keeping with CoinGecko, TikTok’s curiosity in cryptocurrency meme cash reached an all-time excessive in 2023. Could. meme coin rally that came about, and the hashtag #memecoin reached its most stage.
The report notes that this improve in curiosity exhibits that the cryptocurrency TikTok neighborhood is prospering, even within the midst of a important market. It in contrast the earlier meme coin craze in 2021. in November and noticed that #memecoin in 2023 Could. was twice as a lot, indicating a rising urge for food for speculative belongings.
Dogecoin (DOGE) and Shiba Inu (SHIB) had been among the many most worthwhile meme cash throughout this era. Nonetheless, the meme rally was led by cash akin to Pepecoin (PEPE) and ArbDoge AI (AIDOGE), which considerably elevated the curiosity of TikTok customers in meme cash.
in 2023 in April the hashtag rose to 38, up from the 20s vary it held for greater than a yr. in 2023 In Could, in comparison with April, curiosity in #memecoin on TikTok elevated roughly 2.6 occasions.
Through the meme coin rally, TikTok creators generated about 5,000 posts tagged with #memecoin, representing 26.3% of all #memecoin content material on the platform. These posts obtained 33 million views, accounting for 19.0% of all #memecoin content material views on TikTok.
Notably, the vast majority of TikTok customers occupied with #memecoin had been from the Z age group (18-24 years previous), accounting for 56% of the viewers. Millennials between the ages of 25 and 34 made up the second largest group at 29%, whereas shoppers over 35 had been within the minority.
Apparently, TikTok customers in Bulgaria, Norway, Estonia, Iceland and Denmark confirmed the best curiosity within the #memecoin hashtag, exceeding the typical curiosity stage by 4.5-6.4 occasions.
