While meme coins have seen a surge in prices recently, Google Trends data shows that retail interest remains surprisingly low. The search term “memecoin” has dropped significantly from its peak score of 100 in January 2025 to just 14 now, and even fell below April’s score of 19. This disparity suggests a lack of new entrants into the market despite price gains. A visual breakdown by Google Trends reveals the dramatic spike in search interest for “memecoin” observed in December 2024. Since then, this interest has steadily declined, even as meme coin prices have rebounded recently. This downward trend is notable since April’s search volume remained close to a yearly low despite strong price performance within the meme-focused token space. This points towards price gains being driven by speculative or institutional flows rather than renewed retail demand. As prices climb, there isn’t any corresponding surge in interest from newcomers, suggesting a fading hype cycle or market saturation. Typically, strong rallies are accompanied by search spikes, social media buzz, and new participation from non-crypto natives. The absence of these indicators indicates that the current rally might lack long-term sustainability, leaning more on short-term positioning than on broader adoption or interest.