According to Onchain Analytics Platform Santiments, online discussions on Memecoins attracted considerable attention after emotions were cooled in the early years.
Two weeks ago, discussions on Bitcoin (BTC) and Layer-1 protocols reached the peak during the market fluctuations caused by the Trump administration’s cleaning tariff. But Brian Quinlivan, a Santimate marketing director, said in a blog post on May 1.
“Online discussions on these high -risk tokens have spread as they accept the gambling way of accidents rather than the calculated investment approach.”
Quinlivan said, “This is a sign that merchants are investing more by speculation and short -term profit.
Quinlivan has increased the total encryption market in the last eight days, but Bitcoin has only increased 7%, indicating that traders are flocking to more speculative assets.
“Whenever Bitcoin starts to move sideways, investors usually begin to take a greater risk to score higher profits through more speculative and dangerous purchases.”
Dogecoin discussions surge in ETF news.
In particular, Dogecoin (DOGE) saw a significant decline in the attention of the crowd in April, and the positive crowd sentiment was noteworthy.
Quinlivan says that despite the Securities and Exchange Commission, which delayed the decision of the submission by mid -June, merchants are cautious.
“By the end of April, Doge has suffered a significant decline in terms of interest in the crowd.
According to Defillama data, PumPSWAP, a decentralized exchange of Memecoin Launch Platform Pump, surged to $ 11 billion in April after only $ 1.7 billion in March.
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Meanwhile, Pump.fun’s monthly trading volume increased from $ 3.5 billion in March to $ 2.5 billion in April.
On January 18, after the release of US President Donald Trump’s memes, Memecoin Activity exploded, and the pump recorded a high record of $ 3.3 billion per share.
But traders soon got a memo coin. BOBBY ONG, the founder of Coingecko, said in a March 6 report that Memecoin Investor has declined after a series of bad launches, pointing out the fall of Libra (Libra) tokens in February after a series of bad launches.
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