According to the Onchen Analytics platform Santime, the online discussion about Memcoins has hit a year-on-year high, which attracts a lot of attention after earlier cooling in the year.
Two weeks ago, there was a discussion around bitcoin (BTC) and layer -1 protocol during market instability brought by a wide tariff of Trump administration. However, it has been transferred to high market cap memecoin since then, Sentimiment Marketing Director Brian Quinleivan Said 1 May in blog post.
He said, “Online discussion about these high-risk tokens has spread as traders embraced a gambling mentality instead of a calculated investment approach,” he said.
“It is a gappi indication that traders are invested on the basis of rapid speculation and short -term benefits,” Quinelivan said.
Quinalivan stated that the overall crypto market increased by 10% in the last eight days, but Bitcoin received only 7%, indicating that traders are flocking to more speculative assets.
“At any time bitcoin leads an initial rally and then begins to move sideways, investors usually begin to take big risks in the hope of scoring high returns through more speculative and risky purchase,” he said.
Dogcoin discussion spike on ETF news
In particular, Dogecoin (DOGE) has seen a notable spike in a positive crowd after a major decline in the interest of the crowd during April, as various applications were filed for the DOGE exchange-traded funds in the US.
Despite the Securities and Exchange Commission, his decision was delayed on these filing by mid -June, Quinelivan says that the traders are in a state of vigilant anticipation.
He said, “By the end of April, Dogi was on a major decline in terms of crowd interest. But its social dominance has reached its highest level in about three months, as the conversation and filing around Nasdaq’s ETF listing has increased,” he said.
Defillama shows data pumpswap, decentralized exchange of memecoin launch platform pump. saw Spike of $ 11 billion in monthly trading volume during April after a recording of only $ 1.7 billion in March.
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Meanwhile, Pump.fun’s monthly trading volume Rose $ 3.3 billion in April, above $ 2.5 billion in March.
Memcoin activity exploded with a pump on 18 January after the launch of US President Donald Trump’s Memcoin.
However, the traders soon cooled on Memcoin. Koingko founder Bobby Ong said in a report of March 6 that the Memcoin investor’s interest fell after a series of poor launch, launching the Libra (Libra) token launch from the fallout in February as an important catalyst.
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