Over the past 12 months, the number of search queries for “Bitcoin” on Google has dropped to a minimum of 24 points.

The highest recorded value (100 points) occurred in March, when Bitcoin’s price reached a historic peak above $70,000. A similar trend was observed in searches related to altcoins. However, interest in meme coins remains relatively stable, though significantly lower than the values from early June.

In the English-speaking segment of the internet, there has been a rise in the popularity of the search query “memecoin.” According to CryptoQuant founder and CEO Ki Yun Joo, search queries may return to last year’s historical highs by the end of October.

Memecoin Google search volume is expected to reach an all-time high this month. pic.twitter.com/ZOfsLFwGmH
— Ki Young Ju (@ki_young_ju) October 12, 2024

Additionally, the Solana ecosystem’s news channel reported that the total market capitalization of meme tokens exceeded $10 billion, with a daily trading volume of $2.3 billion.

🚨 JUST IN: Solana meme coins’ total market cap surpasses $10B, with $2.3B in trading volume recorded in the last 24 hours. pic.twitter.com/KMo9dVJwWw
— SolanaFloor (@SolanaFloor) October 12, 2024

Despite the widespread failure of new meme tokens and trader disappointment, the segment continues to recover. The chances of finding a successful meme coin are often compared to winning at a casino.

According to The Block, amid the recovery, Solana’s commission revenues have returned to August levels after a decline in September.

Reminder: Billionaire and crypto investor Mark Cuban criticized meme tokens, calling them potential rug pull schemes.