Bitcoin, Ethereum And This Elon Musk-Themed Meme Coin Trend On Social Media: Report

Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and other assets remain key discussion topics across social media.

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While crypto assets continue to trade in the green on Wednesday, several assets are also remaining a key discussion topic across social media.

According to a report by Santiment on Wednesday, Bitcoin remains the dominant subject, with traders dissecting its price action, institutional flows and market positioning.

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Dogelon Mars (CRYPTO: ELON) gained traction due to ongoing speculation about Elon Musk's potential involvement, Dogecoin (CRYPTO: DOGE) and how regulatory scrutiny of his interactions with blockchain technology could impact the sector.

Also trending is Ledger (CRYPTO: LEDGER), which sparked conversations about cryptocurrency security and private key management.

Tether (CRYPTO: USDT) remained a focal point in social media discussions, as traders debated its role in profit-taking strategies and crypto liquidity movements.

FTX Token (CRYPTO: FTT) also resurfaced in discussions following news that creditors with claims under $50,000 will begin receiving repayments on Feb. 18.

Santiment analysts also noted that while crypto market caps could surge, it may take several weeks or months before the full bullish impact on market capitalization could be felt.

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Bitcoin, Ethereum And This Elon Musk-Themed Meme Coin Trend On Social Media: Report