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).

根据OnChain Analytics平台的震惊，有关Memecoins的在线讨论已经达到了一年至今的高潮，而交易员在从比特币（BTC）的情绪转变中进行了投机性交易。

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市场总监Brian Quinlivan在5月1日的博客帖子中说，在两周前，关于比特币和第1层协议的讨论达到了峰值，在特朗普政府的广泛关税引起的市场波动中达到了顶峰，但这自从5月1日的博客帖子中说，这已经转移到了高市值成年纪录。

“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.

他说：“随着贸易商更多地参与赌博而不是一种计算的投资方法，围绕这些高风险代币的在线讨论激增了，希望短期收益激发人们对低风险代币的兴趣，”他说。

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

“这是一个明显的信号，表明贸易商越来越多地基于投机和短期收益。”

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.

昆利文说，过去八天的整体加密货币市场上涨了10％，但比特币仅增长了7％，这表明贸易商正在涌向更投机的资产。

“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.

他说：“任何时间比特币都会引起初步集会，然后开始侧面移动，投资者通常会开始承担更大的风险，希望通过更具投机性和风险的购买来得分更高的回报。”

Dogecoin discussions spike on ETF news

Dogecoin讨论在ETF新闻上激增

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月份的重大下降之后，在积极的人群情绪中引起了巨大的激烈兴趣，因为在美国提交了Doge Exchange-Face的各种申请。

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.

尽管有证券和交易委员会将其对这些文件的决定推迟到6月中旬，但昆利文说，交易者处于谨慎的期待。

“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一直在人群的兴趣方面急剧下降。但是，随着纳斯达克ETF列表围绕的对话和文件的增加，它的社会主导地位已在近三个月内达到了最高水平。”

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的数据显示，Memecoin发射平台泵的分散交换泵送。FUN在3月仅记录了17亿美元，在4月的每月交易量达到110亿美元。

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

同时，Pump.Fun的月度交易量增加到4月的33亿美元，高于3月的25亿美元。

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日美国总统唐纳德·特朗普（Donald Trump）的纪念品推出后，Memecoin活动爆发，泵的使用率为33亿美元的每周交易量高达33亿美元。

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创始人Bobby Ong在3月6日的报告中说，Memecoin投资者的兴趣在一系列糟糕的发布后下降了，并指出了2月的天秤座（天秤座）代币发射的后果，作为重要的催化剂。