“赌博心态”返回，因为模因硬币嗡嗡声在一年高，狗狗的情绪高涨

A resurgence of speculative trading has swept the meme coin market, fueled by soaring social sentiment around Dogecoin (DOGE) and a year-high in online mentions. On-chain analytics firm Santiment reports that Bitcoin is attracting investors driven by fear of missing out (FOMO), while meme coin investment is increasingly based on speculation and short-term gains.

Brian Quinlivan, Santiment's marketing director, stated in a May 1 blog post: "Online discussions about these high-risk tokens have proliferated as traders embrace a gamble mindset, rather than a calculated investment approach."

Crypto Traders and Investors Enter a "Greed-Driven" Phase as DOGE Sentiment Soars

Quinlivan noted that while Bitcoin led crypto market gains during the last eight days of April, funds subsequently flowed into smaller, more speculative cryptocurrencies. He characterized this as investors entering a "greed-driven" phase.

He added that after Bitcoin's end-of-month rally and subsequent sideways trading, investors began taking greater risks, seeking higher returns through more speculative investments. DOGE, in particular, experienced a significant surge in positive sentiment.

Despite the SEC's delayed decisions on DOGE ETFs, investors appear cautiously optimistic. DOGE's social dominance reached its highest level in nearly three months, driven by increased conversations and filings surrounding Nasdaq's ETF listings.

Quinlivan observed: "Analysts and traders have noticed heavy accumulation by whales, with bullish patterns forming in the charts, suggesting Dogecoin may be entering a new phase of growth. While the SEC’s delays mean that final decisions are still pending, the buildup has created a more optimistic and energized mood around the coin than we’ve seen in a long time.”

Increased Meme Coin Activity

DefiLlama data reveals a surge in trading activity on PumpSwap, a decentralized exchange launched by Pump.fun. April's trading volume reached $11 billion, a significant increase from $1.7 billion the previous month. Similarly, Pump.fun's trading activity rose to $3.3 billion in April from $2.5 billion in March.