Cryptocurrency Market Plunges, Led by Meme Coin Selloff

加密貨幣市場暴跌，由模因硬幣拋售領導

Bitcoin, Ethereum, and Dogecoin experienced a significant decline, with the meme coin market witnessing a drop of over 14%, dragging the entire crypto market down by more than 5%.

比特幣，以太坊和狗狗幣經歷了顯著下降，模因硬幣市場的下降超過14％，使整個加密貨幣市場下降了5％以上。

Bitcoin, Ethereum, and Dogecoin Drop Sharply

比特幣，以太坊和狗狗幣急劇下降

• Bitcoin (BTC) fell by 7.4%.
• Ethereum (ETH) declined by 13.5%.
• Dogecoin plummeted by 13%.

Crypto Fear & Greed Index Hits Lowest Level Since September

比特幣（BTC）下降了7.4％。埃塞姆（ETH）下降了13.5％。Dogecoin下降了13％。自9月以來的加密恐懼和貪婪指數達到最低水平

Investor sentiment deteriorated, leading to the Crypto Fear and Greed Index dropping by 24 points to reach an "Extreme Fear" level of 25, the lowest since September 2022.

投資者的情緒惡化，導致加密貨幣恐懼和貪婪指數下降了24分，達到了25級的“極端恐懼”水平，這是自2022年9月以來最低的。

Factors Driving the Decline

推動下降的因素

• Cautious outlook from the Federal Reserve on interest rate cuts.
• Meme coin scandal involving Argentine President Javier Milei.
• $1.5 billion hack of crypto exchange Bybit.
• Concerns over potential tariffs by US President Donald Trump.

Meme Coin Market Struggles

降低利率的美聯儲的謹慎前景。涉及阿根廷總統賈維爾·米利（Javier Milei）的最佳硬幣醜聞。15億美元的加密貨幣交易所Bybit。

• SPX6900 (SPX) experienced the steepest loss, dropping by over 17%.
• Pudgy Penguins (PENGU) extended its decline with a loss of 15%.
• Solana-based Dogwifhat (WIF) decreased by more than 14%.

Presales Offer Shelter

SPX6900（SPX）經歷了最嚴重的損失，下降了17％以上。PudgyPenguins（Pengu）延長了其下降，損失15％。基於蘇拉島的Dogwifhat（WIF）減少了14％以上。

Investors sought refuge in presales to evade market volatility. Popular projects included:

投資者尋求避難所，以逃避市場波動。流行項目包括：

• Solaxy: Layer-2 scaling solution for Solana.
• BTC Bull Token: Meme coin offering free BTC to token holders.
• MIND of Pepe: AI agent for identifying crypto market trends.

Solaxy：Solana.btc Bull Token的2層縮放解決方案：Meme Coin提供免費的BTC到代幣持有者。Pepe的Mind。