- TikTok has grow to be a serious platform for crypto meme coin fanatics.
- Meme content material on the platform hit an all-time excessive in the course of the Could 2023 rally.
- Gen Z dominates the #memecoin pattern on TikTok, adopted by Millennials.
Current knowledge illustrates that TikTok has grow to be a robust platform for crypto fanatics, particularly these taken with meme cash.
Based on knowledge from CoinGecko, TikTok curiosity in crypto meme cash hit an all-time excessive in the course of the Could 2023 meme coin rally, with the #memecoin hashtag peaking.
The report notes that this renewed curiosity means that the TikTok crypto neighborhood is flourishing even within the face of a bear market. He in contrast the earlier memecoin craze in November 2021 and noticed that #memecoin quantity in Could 2023 was twice as excessive, indicating a rising urge for food for speculative property.
Dogecoin (DOGE) and Shiba Inu (SHIB) had been among the many top-grossing meme cash throughout this era. Nonetheless, the meme rally was led by cash like Pepecoin (PEPE) and ArbDoge AI (AIDOGE), vastly rising curiosity amongst TikTok customers in meme cash.
In April 2023, the hashtag’s curiosity stage rose to 38, from the vary of 20 it had maintained for greater than a 12 months. In Could 2023, curiosity in #memecoin on TikTok elevated roughly 2.6 occasions from April.
In the course of the meme coin rally, TikTok creators generated round 5,000 posts tagged with #memecoin, representing 26.3% of all #memecoin content material on the platform. These posts garnered 33 million views, representing 19.0% of all #memecoin content material views on TikTok.
Notably, most TikTok customers taken with #memecoin had been within the Gen Z age bracket (18-24), accounting for 56% of viewers. Millennials between the ages of 25 and 34 had been the second largest group at 29%, whereas customers over 35 had been a minority.
Curiously, TikTok customers in Bulgaria, Norway, Estonia, Iceland and Denmark confirmed the very best curiosity within the #memecoin hashtag, topping common curiosity ranges by 4.5 to six.4. time.
