Playing Mindset Returns To Meme Coin Market: Santiment

A “gamble mindset” has returned to the meme coin market as social sentiment round Dogecoin (DOGE) soars and the variety of on-line meme coin mentions hits a yr excessive.

That’s in response to onchain analytics agency Santiment, which stated Bitcoin is once more attracting buyers with ”FOMO concern” whereas merchants are more and more investing in meme cash based mostly solely on hypothesis and short-term good points.

“On-line discussions about these high-risk tokens have proliferated as merchants embrace a chance mindset, somewhat than a calculated funding method,” Santiment’s advertising and marketing director Brian Quinlivan stated in a Might 1 weblog submit.

Crypto Merchants And Traders Enter “Greed-Pushed” Part As DOGE Sentiment Soars

Within the submit, Quinlivan stated that though Bitcoin led the crypto market when it comes to good points through the last 8 days of April, funds had began to stream into smaller cryptos which are “extra speculative.” As such, he claimed buyers are getting into a “greed-driven” section.

📊 The sentiment towards Bitcoin, Ethereum, XRP, BNB, Solana, and Dogecoin are wildly completely different following crypto’s spectacular 3-week rebound. We cowl how concern has transitioned to slight greed in our newest perception, in collaboration with @Bybit_Official! 👇https://t.co/MDG9cfW05M pic.twitter.com/rz3eBvZmbj

— Santiment (@santimentfeed) Might 1, 2025

He added that after Bitcoin’s finish of the month rally and subsequent “sideways” buying and selling, buyers began taking “greater dangers in hopes of scoring even larger returns via extra speculative and riskier purchases.” 

Main meme coin, DOGE, particularly, has seen a substantial spike in constructive crowd sentiment, stated Quinlivan. 

Regardless of the US Securities and Trade Fee (SEC) delaying selections on numerous DOGE ETFs (exchange-traded funds), he stated buyers appear to be in a state of cautious anticipation.

Till late April, DOGE had been on a serious decline when it comes to crowd curiosity, however its social dominance has since spiked to its highest stage in almost three months, because the conversations and filings surrounding Nasdaq’s ETF listings have risen, Quinlvan stated.

“Analysts and merchants have seen heavy accumulation by whales, with bullish patterns forming within the charts, which has added to the sense that Dogecoin could also be getting into a brand new section of development,” he stated. ”Whereas the SEC’s delays imply that last selections are nonetheless pending, the buildup has created a extra optimistic and energized temper across the coin than we’ve seen in a very long time.”

Meme Coin Exercise Surges On PumpSwap And Pump.Enjoyable

Together with the rise in on-line discussions round meme cash, DefiLlama knowledge exhibits buying and selling exercise on PumpSwap, the decentralized change launched by Pump.enjoyable, surged to $11 billion in April from solely $1.7 billion a month earlier.

Equally, Pump.enjoyable’s buying and selling exercise rose to $3.3 billion in April. That is up from the $2.5 billion buying and selling exercise it noticed in March.

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