- Retail traders FOMOed at Bitcoin’s peak, then panic sold after a minor dip, showing typical emotional reactions in bull markets.
- Despite a 50% surge in memecoins, retail search interest and app downloads remain muted, signaling lack of mainstream participation.
- Major banks like Santander and JPMorgan are developing stablecoins, reflecting a shift toward digital fiat and institutional adoption.
Retail traders are showing signs of emotional exhaustion. According to Doctor Profit, many missed Bitcoin’s dip to $72,000, only to FOMO in at all-time highs. On-chain data confirms this late entry, followed by panic selling after just a 6% drop. This behavior reflects a familiar trend in bull markets. Retail typically enters at peak levels and exits quickly during minor corrections.
Besides, this emotional volatility comes amid a major rally in memecoins. The GMCI memecoin index has surged over 50% in the past month. However, Google Trends data shows little interest from the public. The term “memecoin” ranks just 14 out of 100 in search volume. This is far below the January peak of 100 and even slightly lower than April’s reading of 19.
Public Curiosity Declines Despite Market Gains
Consequently, the disconnect between price action and retail attention is widening. Other crypto-related searches like “Bitcoin,” “Ethereum,” “Coinbase,” and “Solana” remain flat. Moreover, app download rankings mirror this trend. Coinbase and Robinhood continue to sit around the 300th spot on the U.S. Apple App Store. These platforms usually skyrocket into the top 10 during major retail-driven rallies.
This lack of retail involvement suggests the current rally is institutionally led. The broader public remains hesitant. Hence, the market may still be early in its cycle. Once mainstream attention returns, the next wave of volatility could arrive.
Stablecoin Development Gains Institutional Backing
Additionally, the banking sector is preparing for a digital shift. Banco Santander is actively exploring stablecoins pegged to both the U.S. dollar and the euro. These assets aim to offer speed, security, and financial inclusion. They could also drastically reduce settlement times for cross-border payments.
Additionally, American institutions are joining the effort. Wells Fargo, Bank of America, Citigroup, and JPMorgan are all assessing the creation of stablecoins. The U.S. regulatory environment is getting better, which is motivating banks to take action. Fiat-based tokens can ease the burden on small enterprises and democratize access to international funding.
