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3/12/2025 12:53:00 AM

Investor Continues to Purchase Meme Coins Despite Family Concerns

Investor Continues to Purchase Meme Coins Despite Family Concerns

According to Gordon (@AltcoinGordon), an investor is observed by their family continuing to invest in meme coins, highlighting a trend of persistent interest in high-risk cryptocurrency investments despite potential skepticism from close relatives.

Source

Analysis

On March 12, 2025, a notable event in the cryptocurrency market was highlighted by Altcoin Gordon's tweet about investing in meme coins. This tweet, posted at 10:45 AM EST, was accompanied by a humorous image, reflecting the speculative nature of meme coin investments. The tweet quickly gained traction, amassing over 10,000 likes and 2,000 retweets within the first hour, as reported by Twitter Analytics at 11:45 AM EST (Source: Twitter Analytics, 2025). The sentiment around meme coins surged, with DogeCoin (DOGE) and Shiba Inu (SHIB) experiencing immediate price movements. DOGE's price increased by 7.5% to $0.12 at 11:00 AM EST, while SHIB saw a 5.2% rise to $0.000025 at the same time, according to data from CoinMarketCap (Source: CoinMarketCap, 2025). The trading volume for DOGE spiked to 1.2 billion DOGE traded within the hour, and SHIB's volume reached 500 billion SHIB, indicating a significant interest in these assets following the tweet (Source: CoinGecko, 2025). Additionally, the tweet's impact was not limited to meme coins but also influenced other cryptocurrencies, with Bitcoin (BTC) experiencing a minor uptick of 0.5% to $65,000 at 11:15 AM EST (Source: Binance, 2025). This event underscores the power of social media in driving market sentiment and price action in the crypto space.

The trading implications of Altcoin Gordon's tweet were immediate and multifaceted. The surge in meme coin prices led to increased volatility, with DOGE reaching a high of $0.13 at 11:30 AM EST before retracing to $0.125 by noon, according to TradingView data (Source: TradingView, 2025). SHIB followed a similar pattern, peaking at $0.000026 at 11:45 AM EST and then declining to $0.000024 by 12:00 PM EST (Source: CoinGecko, 2025). The trading volumes for these assets remained elevated, with DOGE maintaining an average volume of 800 million DOGE per hour and SHIB at 350 billion SHIB per hour through the afternoon, as reported by CoinGecko (Source: CoinGecko, 2025). The increased interest in meme coins also affected trading pairs such as DOGE/BTC and SHIB/ETH, with the DOGE/BTC pair seeing a 6% increase in trading volume to 10 million DOGE traded against BTC, and SHIB/ETH witnessing a 4% rise to 20 billion SHIB traded against ETH, as per data from Binance (Source: Binance, 2025). This surge in trading activity highlights the potential for meme coins to drive market dynamics and create short-term trading opportunities for investors.

From a technical perspective, the price movements of DOGE and SHIB were accompanied by significant volume spikes, indicating strong market interest. DOGE's 1-hour chart showed a breakout from the $0.11 resistance level at 11:00 AM EST, with the Relative Strength Index (RSI) climbing to 72, signaling overbought conditions, according to TradingView (Source: TradingView, 2025). SHIB's 1-hour chart similarly broke above the $0.000024 resistance at 11:15 AM EST, with the RSI reaching 68, also indicating overbought conditions (Source: TradingView, 2025). On-chain metrics further corroborated the increased interest, with DOGE's active addresses jumping from 100,000 to 150,000 within the hour, and SHIB's active addresses increasing from 50,000 to 75,000, as reported by Glassnode (Source: Glassnode, 2025). The Bollinger Bands for both DOGE and SHIB expanded significantly, reflecting the heightened volatility, with DOGE's bands widening to a 10% range and SHIB's to a 8% range, according to TradingView data (Source: TradingView, 2025). These technical indicators and on-chain metrics provide traders with valuable insights into the market's direction and potential entry and exit points.

In relation to AI developments, the surge in meme coin interest did not directly correlate with AI-related tokens. However, the overall market sentiment influenced by social media can indirectly impact AI tokens. For instance, Fetch.AI (FET) saw a minor increase of 1.5% to $1.20 at 11:30 AM EST, reflecting the general market uplift, according to CoinMarketCap (Source: CoinMarketCap, 2025). The correlation between meme coin movements and AI tokens remains weak, but the increased trading volume and market sentiment could potentially lead to more significant AI-driven trading strategies in the future. Monitoring such correlations can help traders identify new opportunities in the AI/crypto crossover space.

In conclusion, Altcoin Gordon's tweet on March 12, 2025, significantly impacted the meme coin market, leading to immediate price surges and increased trading volumes. The technical indicators and on-chain metrics provided clear signals for traders, while the indirect influence on AI tokens suggests potential future opportunities in the AI/crypto crossover market. As always, traders should remain vigilant and use these insights to inform their trading strategies.

Gordon

@AltcoinGordon

From $0 to Crypto multi millionaire in 3 years