The Crypto Market Undergoes Correction, Memecoins Take a Hit

加密貨幣市場調整，Memecoin 遭受重創

The cryptocurrency market is experiencing a substantial correction, with memecoins showing particularly sharp declines. Investors are shifting towards more established assets, leading to questions about a possible paradigm shift within the industry.

加密貨幣市場正在經歷大幅調整，其中迷因幣的跌幅尤其嚴重。投資人正在轉向更成熟的資產，這引發了人們對產業內可能發生範式轉移的質疑。

Memecoin Debacle

模因幣崩潰

Over the past 12 hours, the crypto market has lost 3%, with total capitalization reaching a monthly low of $2.48 trillion. Memecoins have suffered the most, with most experiencing double-digit losses.

過去 12 小時，加密貨幣市場下跌 3%，總市值跌至 2.48 兆美元的月度低點。 Memecoin 遭受的損失最為嚴重，大多數都出現了兩位數的損失。

Kyle Chassé, a prominent figure in the Bitcoin community, has observed the rapid decline in investor interest towards these speculative assets. He refers to this trend as a "flight to quality," where traders are prioritizing crypto assets with clear functions and purposes.

比特幣社群的知名人物凱爾·查塞（Kyle Chassé）觀察到投資者對這些投機資產的興趣迅速下降。他將這種趨勢稱為“追求品質”，即交易者優先考慮具有明確功能和目的的加密資產。

According to CoinGecko, the market capitalization of memecoins has dropped by 14%, now standing at $48.8 billion. MAGA TRUMP coin has endured the heaviest loss of 34%, while others like DOGWIFHAT, BRETT, and BOOK OF MEME have also reported losses exceeding 14%.

根據 CoinGecko 的數據，memecoin 的市值已下降 14%，目前為 488 億美元。 MAGA TRUMP 幣遭受了 34% 的最嚴重損失，而 DOGWIFHAT、BRETT 和 BOOK OF MEME 等其他幣也報告損失超過 14%。

Industry leaders such as Dogecoin, Shiba Inu, and Pepe have not been spared. Only the DOG-GO-TO-THE-MOON token, based on Runes, has managed to remain profitable over the past week.

狗狗幣、柴犬和佩佩等行業領導者也未能倖免。只有基於符文的 DOG-GO-TO-THE-MOON 代幣在過去一周仍保持獲利。

Generalized Correction

廣義修正

Although memecoins have been the most severely impacted, the decline has spread throughout the altcoin market. Solana has lost 7%, dropping to $132, while Cardano has declined 7.8% to $0.37.

儘管模因幣受到的影響最為嚴重，但下跌趨勢已蔓延到整個山寨幣市場。 Solana 下跌 7%，跌至 132 美元，而 Cardano 下跌 7.8%，跌至 0.37 美元。

Other assets like Avalanche (AVAX), Uniswap (UNI), Internet Computer (ICP), and Near Protocol (NEAR) have also faced losses. Bitcoin, meanwhile, has found support around $65,000 but remains stuck in a lateral channel for three and a half months.

Avalanche (AVAX)、Uniswap (UNI)、互聯網電腦 (ICP) 和近協定 (NEAR) 等其他資產也面臨損失。與此同時，比特幣已在 65,000 美元左右找到支撐，但在三個半月內仍滯留在橫向通道中。

This generalized correction has led to doubts about the notion of a "flight to quality" at this stage. However, the steeper drop in memecoins may indicate a shift in investor mentality.

這種普遍的修正導致了人們對現階段「追求品質」這一概念的懷疑。然而，模因幣的大幅下跌可能表明投資者心態的轉變。

Changing Landscape

改變景觀

Following a period of speculative exuberance, the crypto market appears to be maturing and seeking out projects with genuine value. Whether this trend will persist or whether risk appetite will reassert itself remains to be seen.

經過一段投機繁榮期後，加密貨幣市場似乎正在成熟，並正在尋找具有真正價值的項目。這種趨勢是否會持續下去，或者風險偏好是否會重新顯現，還有待觀察。

The recent decline of memecoins could potentially mark a turning point for the crypto industry. As investors seek more stable assets, time will tell whether this "flight to quality" will continue in the long run.

最近模因幣的下跌可能標誌著加密產業的轉折點。隨著投資者尋求更穩定的資產，時間將證明這種「向優質資產的投資」是否會長期持續下去。