Shiba Inu Sentiment on the Upswing as Funds Flow into AI, RWA, and DeFi Gaming Sector

BlockBeats News, May 16th. At the beginning of this month, the market sentiment saw a phase of improvement. The CoinMarketCap Shitcoin Season Index briefly rose to around 50, and the market saw a surge in search interest for "altseason" to a new yearly high, bringing the total crypto market cap back to around $2.74 trillion. However, a full-blown altseason has not yet arrived. Bitcoin still maintains its dominance, and the market is showing more of a "structural rotation" rather than a general uptrend.

Looking at the fund flows, the sectors that are currently performing strongly are mainly focused on three major directions: Artificial Intelligence (AI) tokens, Real-World Assets (RWA), and Decentralized Physical Infrastructure (DePIN). RWAs are benefiting from the expansion of on-chain US Treasury bonds and credit products, the AI track is gaining institutional attention due to the growth in actual revenue and computing power demand, and DePIN continues to heat up driven by AI computing power and infrastructure demands.

Meanwhile, the Ethereum and Layer-2 ecosystem are recovering from their cycle lows, becoming a key channel for potential fund rotation. Analysts point out that despite the warming sentiment, Bitcoin's dominance remains high, stablecoin funds have not yet flowed massively into the altcoin market, and a true full-scale altseason still awaits further shifts in fund structures.