Despite signs that the speculative ‘supercycle’ for memecoins may be ending, successful cryptocurrency traders are still chasing quick gains in these assets. This trend persists despite increased caution seen in stablecoin holdings among larger players, according to Nicolai Sondergaard, a research analyst at Nansen, who noted that ‘smart money’ continues to capitalize on short-term opportunities presented by memecoins. He stated that while the recent memecoin surge was a fun play, the broader market is navigating economic uncertainty. The shift reflects the continued speculative nature of memecoins and their detachment from traditional cryptocurrencies like Bitcoin or Ethereum.