GameStop Memecoins Surge: Traders Remain Unimpressed

GameStop Memecoins 激增：交易者仍然不為所動

The recent surge in unofficial GameStop memecoins, alongside the rise in GameStop's (GME) share price, has left crypto traders unimpressed. This spike in activity comes amid a generally sluggish market, with many investors looking for any sign of hope.

最近非官方 GameStop memecoin 的激增，以及 GameStop (GME) 股價的上漲，讓加密貨幣交易者無動於衷。市場活動激增之際，市場普遍低迷，許多投資者都在尋找希望的跡象。

Several traders have weighed in on the phenomenon, indicating that this excitement may be more about boredom and misplaced capital than genuine market confidence.

一些交易員對這一現象進行了權衡，表明這種興奮可能更多是因為無聊和資金錯位，而不是真正的市場信心。

The Solana-based memecoin GameStop (GME), which has no official ties to the company, saw an astounding 2,727% increase in the last two days. This coincided with GameStop's stock price rising by 204.50%, according to Google Finance data.

總部位於 Solana 的 memecoin GameStop (GME) 與該公司沒有正式關係，在過去兩天裡成長了 2,727%，令人震驚。根據Google財經數據，與此同時，GameStop 的股價上漲了 204.50%。

Source: CoinMarketCap

資料來源：CoinMarketCap

This dramatic uptick followed a post by Keith Gill, known as Roaring Kitty, on his X account on May 12. Gill, a famous GameStop stock trader, had been absent from social media since June 2021 but returned with a cryptic meme, signaling his comeback.

這一戲劇性的上漲是在5 月12 日基思·吉爾（又名“Roaring Kitty”）在他的X 帳戶上發布的帖子之後出現的。 6 月以來一直缺席社交媒體，但帶著一個神秘的表情包回來了，標誌著他的回歸。

Memecoins Riding the GameStop Wave

Memecoin 乘著 GameStop 浪潮

Roaring Kitty's return sparked a frenzy among traders, yet this enthusiasm seems more about chasing short-term gains than a belief in the market's overall strength.

《Roaring Kitty》的回歸引發了交易者的狂熱，但這種熱情似乎更多的是為了追逐短期收益，而不是對市場整體實力的信心。

Among the top 100 cryptocurrencies, only PEPE and Floki showed significant gains, rising by 35.73% and 11.27%, respectively. In contrast, Dogecoin (DOGE) and Shiba Inu (SHIB) experienced brief spikes but have since retraced by 1.76% and 1.39%.

前100名加密貨幣中，只有PEPE和Floki漲幅較大，分別上漲35.73%和11.27%。相比之下，狗狗幣 (DOGE) 和柴犬 (SHIB) 經歷了短暫的上漲，但隨後回撤了 1.76% 和 1.39%。

This pattern suggests traders are more interested in specific narratives rather than the broader market. As the market remains quiet, investors are overreacting to events like the GameStop surge.

這種模式表明交易者對特定的敘述而不是更廣泛的市場更感興趣。由於市場依然平靜，投資者對 GameStop 飆升等事件反應過度。

This sentiment was echoed by Ed Hindi, Tyr Capital's chief investment officer, who noted that the excitement around GameStop memecoins highlights the presence of unallocated capital.

Tyr Capital 首席投資長 Ed Hindi 也認同這種觀點，他指出圍繞 GameStop memecoin 的興奮凸顯了未分配資本的存在。

Meanwhile, the overall market sentiment has declined over the past 30 days, with the Fear and Greed Index dropping by about 10 points to a "Greed" score of 64 as of May 15. This decline reflects the broader uncertainty and lack of a clear narrative driving the market.

同時，過去30 天整體市場情緒有所下降，截至5 月15 日，恐懼和貪婪指數下降了約10 點，「貪婪」得分為64。明確的敘述帶動市場。

Daan Crypto Trades, a pseudonymous crypto trader, believes the GameStop price surge reassured crypto traders that related memecoins might follow suit.

匿名加密貨幣交易商 Daan Crypto Trades 認為，GameStop 價格飆升讓加密貨幣交易商放心，相關迷因幣可能會效仿。

According to Daan, people often create narratives to explain price movements, and the memory of the 2021 GameStop saga still influences many traders.

Daan 表示，人們經常編造故事來解釋價格走勢，2021 年 GameStop 傳奇的記憶仍然影響著許多交易者。

The Need for a New Crypto Narrative

需要新的加密敘事

While some believe the market needs a new narrative, others argue that there are already plenty of stories to follow. Patrick Scott, founder of Dynamo DeFi, points to the growth of tokenized real-world assets, which have surged from being nearly nonexistent to billions of dollars in recent years.

雖然有些人認為市場需要新的敘述，但有些人則認為已經有許多故事可以遵循。 Dynamo DeFi 創辦人 Patrick Scott 指出，現實世界中代幣化資產的成長，近年來這些資產已從幾乎不存在飆升至數十億美元。

He also highlights the activity on the Solana blockchain and the rise of Decentralized Physical Infrastructure Networks (DePIN), which bring non-speculative revenue into the crypto space.

他還強調了 Solana 區塊鏈上的活動以及去中心化實體基礎設施網路 (DePIN) 的興起，這些網路為加密貨幣領域帶來了非投機性收入。

However, despite these emerging trends, the market's overall sentiment remains tepid. Many traders seem to be grasping at short-term opportunities rather than investing based on long-term fundamentals.

然而，儘管出現了這些趨勢，市場的整體情緒仍然不溫不火。許多交易者似乎都在抓住短期機會，而不是根據長期基本面進行投資。

This behavior was evident during the GameStop frenzy, where amateur traders drove the stock price from roughly $1 at the start of 2020 to over $80 by late January 2021. Keith Gill, who had bought thousands of shares at the bottom, made millions as these traders waged a war against short sellers.

這種行為在GameStop 狂熱期間表現得很明顯，業餘交易員將股價從2020 年初的大約1 美元推高到2021 年1 月下旬的80 美元以上。數千股，透過這些交易員賺了數百萬美元對賣空者發動了一場戰爭。

GameStop investors aimed to flip the bets of hedge funds that had shorted the company, driving the stock price high enough to force steep losses for those betting against it.

GameStop 投資者的目標是扭轉做空該公司的對沖基金的賭注，將股價推高到足以迫使那些做空該公司的人遭受巨額損失。