On-chain data suggests that memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB) observed a large influx of fresh traders last month.

鏈上數據表明，狗狗幣（DOGE）和柴犬（SHIB）等迷因幣上個月觀察到大量新交易者湧入。

Memecoin Traders & Transactions Both Spiked High Last Month

In a new post on X, the market intelligence platform IntoTheBlock discusses the recent trend in the number of traders on the memecoin side of the cryptocurrency sector.

Memecoin 交易者和交易量上個月雙雙飆昇在 X 上的一篇新帖子中，市場情報平台 IntoTheBlock 討論了加密貨幣領域 memecoin 方面交易者數量的最新趨勢。

According to IntoTheBlock, the number of investors holding their coins since less than 30 days ago (those who bought within the past month) hit a record high last month for this class of assets as a whole.

據 IntoTheBlock 稱，自不到 30 天前持有代幣的投資者（過去一個月內購買的投資者）數量在上個月創下了此類資產整體的歷史新高。

The chart on the left below shows the trend in this metric and how it breaks down for the various memecoins in the market.

相關閱讀：近 10% 的比特幣供應量超過 60,000 美元：Glassnode 左下方的圖表顯示了該指標的趨勢以及市場上各種 memecoin 的細分情況。

The value of the metric appears to have been quite high recently | Source: IntoTheBlock on X

The chart shows that the number of traders for these coins had shot up to very high levels last month. Dogecoin, the largest asset by market cap, unsurprisingly contributed to the highest rise. “This indicates a massive inflow of new traders buying memecoins,” says the analytics firm.

該指標的價值最近似乎相當高 |來源：X 上的 IntoTheBlock 圖表顯示，這些代幣的交易者數量上個月已飆升至非常高的水平。狗狗幣是市值最大的資產，毫不意外地促成了最高漲幅。該分析公司表示：“這表明購買模因幣的新交易者大量湧入。”

The trader count, however, has cooled off notably since this peak. However, this doesn’t necessarily mean that the new traders who came in have already sold, but rather that some of these investors who purchased may have matured past the 30-day cutoff.

然而，自這一高峰以來，交易者數量已顯著減少。然而，這並不一定意味著新入場的交易者已經賣出，而是意味著其中一些買入的投資者可能已經過了 30 天的截止日期。

That said, the indicator trend suggests that the influx of new traders coming into the market is no longer of the same intensity as last month. This change is especially drastic in the case of Dogecoin.

也就是說，指標趨勢表明，新交易者湧入市場的強度不再與上個月相同。對狗狗幣來說，這種變化尤其劇烈。

The chart on the right side displays the data for the total number of transactions these memecoins handle. As expected, the transaction count also blew up when the record-high influx of new traders was taking place.

右側的圖表顯示了這些 memecoin 處理的交易總數的數據。正如預期的那樣，當新交易者湧入創紀錄的高水準時，交易數量也激增。

New investors mean the onset of new activity for the various networks and, hence, a spike in the total number of moves taking place. Once again, Dogecoin saw the largest spike out of these assets.

新投資者意味著各個網路新活動的開始，因此發生的交易總數會激增。狗狗幣再次成為這些資產中漲幅最大的。

Just like the influx of new users has slowed down, though, the transaction activity for memecoins has also hit the brakes recently. This would suggest that users are not interested in making many trades on these networks at the moment.

然而，就像新用戶湧入放緩一樣，模因幣的交易活動最近也遇到了煞車。這表明用戶目前對在這些網路上進行大量交易不感興趣。

Historically, the prices have been the most likely to show volatility when there has been high trading interest, so the transaction count may be one to watch as a spike in it could lead to big moves for these assets (the direction of any such moves, though, could go either way).

從歷史上看，當交易興趣較高時，價格最有可能出現波動，因此交易數量可能值得關注，因為交易數量的激增可能會導致這些資產出現大幅波動（任何此類波動的方向，不過，可以選擇任何一種方式）。

In another post, IntoTheBlock has also pointed out that the total market cap of the memecoins (that is, the combined valuation of the circulating supplies of these assets at the current spot prices) has registered a new high for the cycle at $56 billion.

相關閱讀：隨著資本以前所未有的速度流入，比特幣已實現的上限突破了ATH 在另一篇文章中，IntoTheBlock 還指出，memecoin 的總市值（即，這些資產的流通供應量以當前現貨價格計算的總估值）創下本週期新高，達 560 億美元。

Looks like the value of the metric has shot up recently | Source: IntoTheBlock on X

DOGE Price

When writing, Dogecoin is trading at around $0.18, down over 13% in the last seven days.

看起來該指標的價值最近已經飆升 |資料來源：XDOGE Price 上的 IntoTheBlock 在撰寫本文時，狗狗幣的交易價格約為 0.18 美元，在過去 7 天內下跌了 13% 以上。

The price of the memecoin seems to have witnessed a significant decline recently | Source: DOGEUSD on TradingView

最近memecoin的價格似乎出現了明顯的下跌 |資料來源：TradingView 上的 DOGEUSD 精選圖片來自 Shutterstock.com、IntoTheBlock.com、圖表來自 TradingView.com