The crypto market is undergoing changes: investors are shifting their focus from memecoins to more stable assets such as Bitcoin and layer 1 blockchains.
Rising Interest in Fundamental Cryptos
The recent Santiment report provides insight into a paradigm shift in the attention given by the crypto community. The data shows that Bitcoin, Ethereum, Solana, Toncoin, and Cardano now account for 44.2% of discussions, while the six largest memecoins collect only 4% of exchanges. This dynamic illustrates a return to fundamental assets. “The increase in interest for Bitcoin and layer 1 blockchains reflects a more mature and informed approach by investors,” emphasizes Santiment in a publication on February 10, 2025, on platform X (formerly Twitter).
Changes in Financial Flows
Financial flows corroborate this change in dynamics. Between February 8 and 9, a total of 224,410 ETH was withdrawn from exchange platforms, marking the largest movement of this kind in two years. This massive withdrawal reflects a strengthening of investors’ confidence, as they opt for long-term holding rather than immediate selling. At the same time, 14,000 BTC, dormant for seven to ten years, was moved on February 10. Transactions of this kind always draw attention and may signal either a return of former holders to the market or a desire to reposition assets. However, these bitcoins have not been sent to exchange platforms, which currently excludes a desire for rapid liquidation. “Such movements do not necessarily signal a decrease in Bitcoin’s price,” states Crypto Dan, a contributor at CryptoQuant.
Implications for the Crypto Market
This shift in investment focus does not signify the end of memecoins, but indicates a rebalancing of priorities. Historically, phases dominated by these ultra-speculative assets have often preceded marked market corrections. The transition to more robust assets could be a sign of a gradual cleansing, where blind speculation gives way to more strategic investments. This change of course also comes at a key moment for the industry, with expectations related to regulations, technological evolutions, and the rise of scalability solutions creating an important turning point.
The crypto market is at an important juncture characterized by a shift to more reliable assets. This could be a signal towards more rational investments, although the question remains whether this is a temporary phenomenon before a new speculation cycle.
