The Declining Phenomenon of Memecoins

Memecoin 的衰落現象

The distinctive sawtooth patterns of memecoins have both lured and deceived inexperienced crypto traders. Inspired by internet memes, these tokens promise rapid gains but may also result in precipitous losses. This article examines the recent downturn in memecoins and the rationale behind traders' abandonment of these volatile assets.

模因幣獨特的鋸齒圖案既引誘又欺騙了缺乏經驗的加密貨幣交易者。受網路迷因的啟發，這些代幣承諾快速收益，但也可能導致急劇損失。本文探討了最近模因幣的低迷以及交易者放棄這些波動性資產背後的原因。

Memecoins in Discord

Discord 中的迷因幣

Traders have grown increasingly disillusioned with memecoins, causing a mass exodus. After a period of euphoric appreciation, a severe market correction has struck the sector.

交易者對迷因幣的幻想越來越幻滅，導致大量資金外流。經過一段時期的欣欣向榮的升值之後，該行業遭遇了嚴重的市場調整。

Data from Santiment, as reported by FX Street, indicates a 30% value decline for memecoins in June, attributed to events such as the massive BTC sell-off by governmental entities and compensation to Mt. Gox creditors.

根據 FX Street 報道，Santiment 的數據顯示，6 月 memecoin 的價值下跌了 30%，原因是政府實體大規模拋售 BTC 以及向 Mt. Gox 債權人賠償等事件。

Flagship memecoins, including Dogwifhat (WIF), Shiba Inu, BRETT, and MOG, have also suffered substantial losses.

Dogwifhat (WIF)、Shiba Inu、BRETT 和 MOG 等旗艦 memecoin 也遭受了重大損失。

Evolution of Meme Cryptos:

Meme 加密貨幣的演進：

• Dogwifhat (WIF): -61% since March 31
• Dogecoin (DOGE): -50% from annual high
• Shiba Inu (SHIB): -57% from peak
• Brett (BRETT) and MOG Coin (MOG): also affected, at -30%

Seasoned traders recognize that memecoins, characterized by their speculative nature and low capitalization, are often the first to succumb to market turbulence.

Dogwifhat (WIF)：自3 月31 日起為-61%Dogecoin (DOGE)：較年度高點為-50% Shiba Inu (SHIB)：較峰值為-57%Brett (BRETT) 和MOG Coin (MOG) ：也受到影響，為-30% 經驗豐富的交易者認識到模因幣具有投機性和低資本化的特點，往往最先屈服於市場動盪。

Amidst dwindling hopes for a bullish reversal, investors are opting to safeguard their profits or reduce their losses. Crypto analyst @Ali_charts suggests that the bullish cycle for memecoins may have ended, signaling a period of market indifference.

在看漲逆轉的希望逐漸減弱的情況下，投資者選擇保護利潤或減少損失。加密貨幣分析師 @Ali_charts 表示，memecoin 的看漲週期可能已經結束，標誌著市場冷漠的時期。

Impact of Celebrity Crypto Launches

名人加密貨幣發布的影響

The emergence of Solana's Pump.fun platform, which specializes in generating celebrity tokens, has further contributed to the decline of traditional memecoins.

Solana 專門產生名人代幣的 Pump.fun 平台的出現，進一步加劇了傳統迷因幣的衰落。

Traders have flocked to these new meme cryptos, draining liquidity from established projects. Pump.fun has facilitated the rapid creation of new coins, intensifying competition and eroding interest in older memecoins.

交易者紛紛湧向這些新的迷因加密貨幣，耗盡了現有項目的流動性。 Pump.fun 促進了新幣的快速創建，加劇了競爭並削弱了人們對舊模因幣的興趣。

Investors are now pursuing seemingly more stable or innovative opportunities, abandoning highly volatile cryptocurrencies.

投資者現在正在尋求看似更穩定或創新的機會，放棄高度波動的加密貨幣。

Despite these developments, some traders remain optimistic. According to IntoTheBlock, over 70% of DOGE, PEPE, and FLOKI holders remain profitable despite the recent drop.

儘管有這些進展，一些交易商仍然保持樂觀。據 IntoTheBlock 稱，儘管最近有所下降，但超過 70% 的 DOGE、PEPE 和 FLOKI 持有者仍保持盈利。

However, caution is advised, as market reversals can be both swift and severe in the realm of meme cryptos.

然而，建議謹慎行事，因為在迷因加密貨幣領域，市場逆轉可能既迅速又嚴重。