Online discussions about memecoins have hit a year-to-date high, according to onchain analytics platform Santiment, with traders largely engaging in speculative trading amidst a shift in sentiment from Bitcoin (BTC).

根據OnChain Analytics平台的震驚，有關Memecoins的在線討論已經達到了一年至今的高潮，而交易員在從比特幣（BTC）的情緒轉變中進行了投機性交易。

Two weeks ago, discussions around Bitcoin and layer-1 protocols peaked during the market volatility brought on by the Trump administration’s sweeping tariffs, but that’s since shifted to high market cap memecoins, Santiment marketing director Brian Quinlivan said in a May 1 blog post.

Santiment市場總監Brian Quinlivan在5月1日的博客帖子中說，在兩週前，關於比特幣和第1層協議的討論達到了峰值，在特朗普政府的廣泛關稅引起的市場波動中達到了頂峰，但這自從5月1日的博客帖子中說，這已經轉移到了高市值成年紀錄。

“Online discussions around these high-risk tokens have proliferated as traders are engaging more in gambling, rather than a calculated investment approach, with hopes of short-term gains spurring interest in memecoins over lower-risk tokens,” he said.

他說：“隨著貿易商更多地參與賭博而不是一種計算的投資方法，圍繞這些高風險代幣的在線討論激增了，希望短期收益激發人們對低風險代幣的興趣，”他說。

“This is a telltale sign that traders are increasingly investing based solely on speculation and short-term gains.”

“這是一個明顯的信號，表明貿易商越來越多地基於投機和短期收益。”

Quinlivan said the overall crypto market rose 10% in the past eight days, but Bitcoin only gained 7%, which indicates traders are flocking to more speculative assets.

昆利文說，過去八天的整體加密貨幣市場上漲了10％，但比特幣僅增長了7％，這表明貿易商正在湧向更投機的資產。

“Any time Bitcoin leads an initial rally and then begins to move sideways, investors generally start taking bigger risks in hopes of scoring even higher returns through more speculative and riskier purchases,” he said.

他說：“任何時間比特幣都會引起初步集會，然後開始側面移動，投資者通常會開始承擔更大的風險，希望通過更具投機性和風險的購買來得分更高的回報。”

Dogecoin discussions spike on ETF news

Dogecoin討論在ETF新聞上激增

In particular, Dogecoin (DOGE) has seen a notable spike in positive crowd sentiment after a major decline in April, as various applications for DOGE exchange-traded funds were filed in the US.

尤其是，Dogecoin（Doge）在4月份的重大下降之後，在積極的人群情緒中引起了巨大的激烈興趣，因為在美國提交了Doge Exchange-Face的各種申請。

Despite the Securities and Exchange Commission delaying its decision on these filings until mid-June, Quinlivan says traders are in a state of cautious anticipation.

儘管有證券和交易委員會將其對這些文件的決定推遲到6月中旬，但昆利文說，交易者處於謹慎的期待。

“Until late April, DOGE had been on a major decline in terms of crowd interest. But its social dominance has spiked to its highest level in nearly three months, as the conversations and filings surrounding Nasdaq’s ETF listings have risen.”

“直到4月下旬，Doge一直在人群的興趣方面急劇下降。但是，隨著納斯達克ETF列表圍繞的對話和文件的增加，它的社會主導地位已在近三個月內達到了最高水平。”

DefiLlama data shows PumpSwap, the decentralized exchange of the memecoin launch platform Pump.Fun saw a spike to $11 billion in monthly trading volume during April after recording only $1.7 billion in March.

Defillama的數據顯示，Memecoin發射平台泵的分散交換泵送。 FUN在3月僅記錄了17億美元，在4月的每月交易量達到110億美元。

Meanwhile, Pump.Fun’s monthly trading volume rose to $3.3 billion in April, up from $2.5 billion in March.

同時，Pump.Fun的月度交易量增加到4月的33億美元，高於3月的25億美元。

Memecoin activity exploded after the launch of US President Donald Trump’s memecoin on Jan. 18, with Pump.fun usage recording a high of $3.3 billion in weekly trading volume.

在1月18日美國總統唐納德·特朗普（Donald Trump）的紀念品推出後，Memecoin活動爆發，泵的使用率為33億美元的每週交易量高達33億美元。

However, traders soon cooled on memecoins. CoinGecko founder Bobby Ong said in a March 6 report that memecoin investor interest dropped after a series of bad launches, noting the fallout from the Libra (LIBRA) token launch in February as a significant catalyst.

但是，交易者很快就使用了Memecoins。 Coingecko創始人Bobby Ong在3月6日的報告中說，Memecoin投資者的興趣在一系列糟糕的發布後下降了，並指出了2月的天秤座（天秤座）代幣發射的後果，作為重要的催化劑。