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

链上数据表明，狗狗币（DOGE）和柴犬（SHIB）等模因币上个月观察到大量新交易者涌入。

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 交易者和交易量上个月双双飙升在 X 上的一篇新帖子中，市场情报平台 IntoTheBlock 讨论了加密货币领域 memecoin 方面交易者数量的最新趋势。

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.

据 IntoTheBlock 称，自不到 30 天前持有代币的投资者（过去一个月内购买的投资者）数量在上个月创下了此类资产整体的历史新高。

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

相关阅读：近 10% 的比特币供应量超过 60,000 美元：Glassnode 左下方的图表显示了该指标的趋势以及市场上各种 memecoin 的细分情况。

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.

该指标的价值最近似乎相当高 |来源：X 上的 IntoTheBlock 图表显示，这些代币的交易者数量上个月已飙升至非常高的水平。狗狗币是市值最大的资产，毫不奇怪地促成了最高涨幅。该分析公司表示：“这表明购买模因币的新交易者大量涌入。”

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，自这一高峰以来，交易者数量已显着减少。然而，这并不一定意味着新入场的交易者已经卖出，而是意味着其中一些买入的投资者可能已经过了 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.

也就是说，指标趋势表明，新交易者涌入市场的强度不再与上个月相同。对于狗狗币来说，这种变化尤其剧烈。

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.

右侧的图表显示了这些 memecoin 处理的交易总数的数据。正如预期的那样，当新交易者涌入创纪录的高水平时，交易数量也激增。

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.

新投资者意味着各个网络新活动的开始，因此发生的交易总数会激增。狗狗币再次成为这些资产中涨幅最大的。

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，就像新用户涌入放缓一样，模因币的交易活动最近也遇到了刹车。这表明用户目前对在这些网络上进行大量交易不感兴趣。

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).

从历史上看，当交易兴趣较高时，价格最有可能出现波动，因此交易数量可能值得关注，因为交易数量的激增可能会导致这些资产出现大幅波动（任何此类波动的方向，不过，可以选择任何一种方式）。

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.

相关阅读：随着资本以前所未有的速度流入，比特币已实现的上限突破了 ATH 在另一篇文章中，IntoTheBlock 还指出，memecoin 的总市值（即，这些资产的流通供应量以当前现货价格计算的总估值）创下本周期新高，达 560 亿美元。

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.

看起来该指标的价值最近已经飙升 |来源：XDOGE Price 上的 IntoTheBlock 在撰写本文时，狗狗币的交易价格约为 0.18 美元，在过去 7 天内下跌了 13% 以上。

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

最近memecoin的价格似乎出现了明显的下跌 |资料来源：TradingView 上的 DOGEUSD 精选图片来自 Shutterstock.com、IntoTheBlock.com、图表来自 TradingView.com