• TikTok has change into an vital platform for crypto meme coin lovers.
• Meme content material on the platform reached a file excessive throughout the Could 2023 rally.
• The #memecoin pattern on TikTok is dominated by Gen Z, adopted by millennials.

Latest knowledge reveals that TikTok is rising as a strong platform for cryptocurrency lovers, particularly these inquisitive about memecoins.

TikTok’s curiosity within the cryptocurrency memecoin hit a file excessive throughout the Could 2023 memecoin rally, with the #memecoin hashtag reaching all-time highs, based on knowledge from CoinGecko.

The report famous that this rising curiosity means that the cryptocurrency TikTok group is prospering regardless of the market’s weak spot. We noticed a doubling of #memecoin quantity in Could 2023 in comparison with the earlier Memecoinmania in November 2021, indicating a rising urge for food for speculative property.

Dogecoin (DOGE) and Shiba Inu (SHIB) had been among the many most worthwhile memecoins throughout this era. Nevertheless, the meme rally was led by cash akin to his Pepecoin (PEPE) and his ArbDoge AI (AIDO ​​GE), which significantly elevated TikTok customers’ curiosity in meme cash.

By April 2023, hashtag curiosity has risen to 38. That is compared to his 20s vary, which has been maintained for over a yr. In Could 2023, curiosity in #memecoin on TikTok elevated roughly 2.6 instances in comparison with April.

Throughout the memecoin rally, TikTok creators generated almost 5,000 posts tagged with #memecoin, accounting for 26.3% of all #memecoin content material on the platform. These posts garnered 33 million views and accounted for his 19.0% of all #memecoin content material views on TikTok.

Notably, most TikTok customers inquisitive about #memecoin are within the Gen Z age group (18-24 years previous), accounting for 56% of the viewers. Millennials aged 25-34 made up his second-largest group at 29%, however customers over 35 had been within the minority.

Curiously, TikTok customers in Bulgaria, Norway, Estonia, Iceland and Denmark confirmed the best curiosity within the #memecoin hashtag, 4.5-6.4 instances increased than the typical curiosity degree.