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#EthereumMemeSeasonReturns is fueled by the volume explosion following the January dip, 1000x stories like ASTEROID and WOJAK, and PEPE's leadership. The community is positioning this as Ethereum's "whale-backed" meme house in contrast to Solana's tarnished "casino" image.
However, the data is two-sided: on one hand, a 300% volume increase and the "ETH Explosion loading" narrative on social media, and on the other, declining dominance and regulatory uncertainty. It's not too early to say Ethereum memes are back in April 2026, but whether this return will be permanent will depend on whether ETH breaks the $2,400 resistance and whether Bitcoin holds onto its $85,000 support.