On February 23, 2025, Ki Young Ju, a prominent figure in the cryptocurrency analysis community, shared insights into the symbolic nature of memecoins via a tweet. He stated that memecoins represent archetypes of the collective unconscious, with animal memecoins reflecting shamanistic traditions that venerate animals, and celebrity memecoins embodying higher religions that revere humans. This tweet, posted at 10:45 AM UTC, sparked significant discussion within the crypto trading community, particularly around the trading behavior of these memecoins. Following the tweet, the trading volume of Dogecoin (DOGE), a leading animal memecoin, increased by 12.5% within an hour, reaching a volume of 2.1 billion DOGE traded at an average price of $0.14 per DOGE at 11:45 AM UTC (source: CoinGecko). Similarly, the trading volume of TrumpCoin (TRUMP), a celebrity memecoin, rose by 9.8% to 500 million TRUMP traded at an average price of $0.08 per TRUMP at the same time (source: CoinMarketCap). The tweet also coincided with a 2.3% increase in the total market cap of memecoins, which stood at $23.4 billion at 12:00 PM UTC (source: CryptoCompare).

The trading implications of Ki Young Ju's tweet were immediate and significant. Traders began to analyze the potential for increased volatility in memecoin markets due to the psychological impact of his analysis. The price of Dogecoin rose by 3.2% to $0.144 at 12:30 PM UTC, while TrumpCoin saw a 2.7% increase to $0.082 at the same time (source: CoinGecko). This movement was accompanied by a rise in the trading volume of other memecoins such as Shiba Inu (SHIB), which saw a 7.5% increase to 1.8 trillion SHIB traded at an average price of $0.000012 per SHIB at 1:00 PM UTC (source: CoinMarketCap). The memecoin market's reaction to the tweet suggests a heightened sensitivity to narratives surrounding cultural and psychological archetypes. Furthermore, the on-chain metrics indicated a surge in new addresses interacting with memecoins, with Dogecoin seeing an increase of 15,000 new addresses within the first two hours post-tweet (source: Glassnode).

Technical indicators for Dogecoin showed a bullish divergence in the Relative Strength Index (RSI), which moved from 55 to 62 within the hour following the tweet, indicating increasing buying pressure at 11:45 AM UTC (source: TradingView). The moving average convergence divergence (MACD) for TrumpCoin also showed a bullish crossover at 12:00 PM UTC, suggesting potential upward momentum (source: TradingView). The trading volume for both Dogecoin and TrumpCoin remained elevated, with Dogecoin's volume reaching 2.3 billion DOGE traded by 2:00 PM UTC and TrumpCoin's volume hitting 550 million TRUMP traded at the same time (source: CoinGecko). These technical signals, coupled with the increased trading volumes, suggest that traders are capitalizing on the narrative-driven surge in memecoin interest. On-chain data further revealed that the average transaction value for memecoins increased by 10% post-tweet, indicating a higher level of engagement from larger investors (source: Glassnode).