Google searches for memecoins indicate a renewed interest among retail investors, although the current level of enthusiasm is not as intense as the peak seen in January. The infrastructure supporting memecoins has improved, providing users with more options and strategies than before, despite the risks associated with previous speculative bubbles.

Despite a recent surge in memecoin prices, retail interest in cryptocurrencies remains low, with search volumes for key terms like "memecoin," "bitcoin," and "ethereum" failing to rise. App rankings for crypto trading platforms have also stagnated, indicating that the current market rally is largely driven by crypto-native investors and institutions rather than retail participation.

Crypto liquid funds have experienced significant losses this year, prompting a shift towards high-quality tokens and fundamentals rather than momentum. Investors are narrowing their portfolios to focus on a select few assets with strong fundamentals, as market conditions push for more cautious strategies in the volatile crypto landscape.