Solana-based BONK, a meme coin based on the Solana blockchain, has overtaken PEPE in market capitalization, according to CoinGecko data. 

根據 CoinGecko 的數據，基於 Solana 的 BONK 是一種基於 Solana 區塊鏈的迷因幣，其市值已超過 PEPE。

BONK's market cap now stands at $1.4 billion following a remarkable 90.5% surge over the past week, as opposed to PEPE's market cap of $1.34 despite its own impressive 184.9% rise over the same period.

BONK 的市值在過去一周大幅上漲 90.5% 後，目前達到 14 億美元，而 PEPE 的市值為 1.34 美元，儘管其同期上漲了 184.9%。

The reign of meme coins

模因硬幣的統治

The crypto market has seen an explosion in the popularity of meme coins, digital currencies inspired by internet memes and culture. 

加密貨幣市場中，迷因硬幣、受網路迷因和文化啟發的數位貨幣的受歡迎程度呈爆炸式增長。

Leading the pack is Dogecoin (DOGE), with a market cap of $18.2 following a 52.5% increase over the last seven days. 

領頭羊是狗狗幣 (DOGE)，其市值在過去 7 天上漲 52.5% 後達到 18.2 美元。

Shiba Inu (SHIB) trails behind, boasting a market cap of $7.8 billion after a 40.2% jump. 

柴犬 (SHIB) 緊隨其後，市值躍升 40.2%，達到 78 億美元。

BONK and PEPE follow these giants, illustrating the growing investor interest in meme coins beyond the top contenders. 

BONK 和 PEPE 緊隨這些巨頭之後，表明投資者對 meme 幣的興趣日益增長，超越了頂級競爭者。

This surge in meme coins shows growing risk-on sentiment in the meme coin market.  

模因幣的激增表明模因幣市場的風險情緒不斷增強。

Bitcoin's ripple effect

比特幣的連鎖反應

The recent surge in BONK, PEPE, and other cryptocurrencies can be attributed in part to Bitcoin's stellar performance.

BONK、PEPE 和其他加密貨幣最近的飆升部分歸因於比特幣的出色表現。

Bitcoin has soared past the $60,000 mark, reaching $61,998.83, with a 20.5% increase over the last week, driving the entire crypto market upwards. 

比特幣已經飆升突破60,000美元大關，達到61,998.83美元，較上週上漲20.5%，帶動整個加密市場上漲。

This surge is largely fueled by the escalating excitement around Bitcoin exchange-traded funds (ETFs), with significant inflows into these funds indicating a growing institutional and retail interest.

這種激增主要是由於人們對比特幣交易所交易基金（ETF）的興趣不斷升級，大量資金流入這些基金，顯示機構和散戶的興趣不斷增長。

For instance, BlackRock's iShares Bitcoin ETF recorded a staggering daily inflow of $520 million. Bitcoin's performance is not just a testament to its resilience but also acts as a catalyst for the broader cryptocurrency market, lifting the prospects of altcoins and meme coins alike.

例如，貝萊德 (BlackRock) 的 iShares 比特幣 ETF 錄得每日 5.2 億美元的驚人流入量。比特幣的表現不僅證明了其彈性，而且還充當了更廣泛的加密貨幣市場的催化劑，提升了山寨幣和迷因幣的前景。