加密市場目前正在在線討論發生明顯轉變，對成員而不是比特幣的興趣越來越大。

根據Analytics平台的關注，Meme提到的是自2025年初以來的最高水平，揭示了投資者中一種更具投機性的方法。

Crypto traders are now showing greater interest in memecoins than Bitcoin, according to the latest data from analytics platform Santiment.

根據Analytics Platform Santiment的最新數據，加密貨幣交易者現在比比特幣表現出比比特幣更大的興趣。

The shift in online conversations comes as memecoin mentions reached their highest point since the beginning of 2025, highlighting a more speculative approach among investors.

隨著Memecoin提到的2025年初的最高點，在線對話的轉變是出現的，強調了投資者中更具投機性的方法。

Interest in memecoins outweighed Bitcoin mentions

對模因的興趣超過比特幣提及

According to a May 1 report by blockchain analytics platform Santiment, discussions around memecoins reached their highest point in 2025.

根據Blockchain Analytics Platform Santiment的5月1日報告，有關Memecoins的討論在2025年達到了最高點。

The shift in investor attention follows the Trump administration’s imposition of tariffs, which had a noticeable impact on Bitcoin discussions, peaking two weeks ago. However, with the tariffs now a part of the past, attention has veered towards high-cap memes.

投資者關注的轉變是在特朗普政府對關稅徵收的徵收之後，這對比特幣討論產生了明顯影響，兩週前達到了頂峰。但是，由於關稅現在是過去的一部分，注意力已轉向高帽子模因。

“After Trump tariffs noticeably impacted Bitcoin discussion cycles two weeks ago, it seems like the focus has since pivoted to top-tier memecoins,” said Brian Quinlivan, marketing director at Santiment.

Santiment的市場總監Brian Quinlivan說：“在特朗普明顯影響比特幣討論的情況下，兩週前的討論循環之後，此後的重點似乎已引起了頂級成員的關注。”

The broader crypto market has increased by 10% over the last eight days, while Bitcoin saw a smaller gain of 7%. The significant difference highlights a behavioral shift as investors now favor riskier assets in hopes of achieving higher returns.

在過去的八天中，更廣泛的加密市場增長了10％，而比特幣的增益較小7％。由於投資者現在有利於風險較高的資產，希望獲得更高的回報，因此重大差異強調了行為的轉變。

“Those investing in memecoins are adopting more of a gambling mindset than a calculated investment approach, which generally occurs when Bitcoin leads an initial rally and then begins moving sideways,” added Quinlivan.

Quinlivan補充說：“那些投資成員的人要採用的賭博思維方式，而不是一種計算出的投資方法，這通常是在比特幣領導初始集會然後開始側向移動的情況下發生的。”

Dogecoin leading the speculative movement

領導投機運動

Dogecoin stands out particularly in this trend with a notable increase in positive sentiment after a period of disinterest in April.

Dogecoin在這一趨勢中尤其突出，在四月份不感興趣後，積極的情緒顯著增加。

This renewed enthusiasm coincides with the filing of several exchange-traded fund (ETF) requests based on Dogecoin in the United States.

這種新的熱情恰逢美國基於Dogecoin在美國提出的幾個交易所交易基金（ETF）的要求。

Despite the Securities and Exchange Commission postponing its decision regarding these ETFs until mid-June, anticipation remains strong among traders.

儘管證券交易委員會將其關於這些ETF的決定推遲到6月中旬，但交易者的預期仍然很強。

“DOGE’s social dominance has reached its highest level in nearly three months, largely driven by discussions surrounding potential Nasdaq ETF listings,” said Quinlivan.

昆利文說：“多吉的社會主導地位在近三個月內達到了最高水平，這在很大程度上是由圍繞納斯達克ETF列表的討論進行的。”

The shift is also evident in trading volumes. PumpSwap, the decentralized exchange of the Pump.Fun platform, recorded $11 billion in transactions in April, a significant increase from $1.7 billion in March.

這種轉變在交易量中也很明顯。 PumpSwap是泵的分散交換。 FUN平台，4月份的交易量為110億美元，從3月份的17億美元大幅增加。

Meanwhile, the monthly trading volume on Pump.Fun reached $3.3 billion in April.

同時，泵的每月交易量在4月達到33億美元。