Cryptocurrency Market Plummets, Meme Coins Tank

加密貨幣市場暴跌，Meme 幣暴跌

The cryptocurrency market has taken a nosedive, with the meme coin sector experiencing a significant 12% drop. XRP and Dogecoin have suffered particularly steep declines, while overall liquidations have reached a three-year high.

加密貨幣市場急劇下滑，迷因幣領域大幅下跌 12%。 XRP 和狗狗幣的跌幅尤其嚴重，而整體清算量已達到三年來的最高點。

As of 1:57 a.m. EST, the total market capitalization of all cryptocurrencies had fallen by 4% to approximately $3.47 trillion. XRP and Dogecoin led the losses among the top 10 cryptocurrencies, with drops of 9.9% and 8.2%, respectively, by 3:10 a.m. EST.

截至美國東部時間凌晨 1:57，所有加密貨幣的總市值下降了 4%，至約 3.47 兆美元。 XRP 和狗狗幣在十大加密貨幣中領跌，截至美國東部時間凌晨 3 點 10 分，跌幅分別為 9.9% 和 8.2%。

Meme Coins Suffer Heavy Losses

Meme幣遭受重創

Solana-based meme coins were among the biggest losers in the past 24 hours. Popcat (POPCAT) endured the most significant loss, with its price plummeting over 21%. Dogwifhat (WIF) also made the top three losers list after a 17% drop in value. Internet of Things project IOTA experienced the second-largest loss, exceeding 18%.

基於 Solana 的迷因幣是過去 24 小時內跌幅最大的貨幣之一。 Popcat（POPCAT）遭受的損失最為嚴重，其價格暴跌超過 21%。 Dogwifhat (WIF) 在市值下跌 17% 後也躋身跌幅前三名。物聯網專案IOTA損失第二大，超過18%。

Liquidations Soar

清算飆升

The recent decline in crypto prices has triggered liquidations of more than $1.5 billion in longs. This is the highest liquidation of bullish trades since 2021. CoinGlass data reveals that altcoin futures accounted for $560 million in losses, while futures for Dogecoin (DOGE) and Ripple (XRP) collectively resulted in losses exceeding $70 million.

最近加密貨幣價格的下跌引發了超過 15 億美元的多頭清算。這是自 2021 年以來看漲交易的最高清算額。

Opportunities for Value Investors

價值投資者的機會

Despite the sharp drop in crypto prices, some analysts believe it presents an opportunity for value investors and traders with a high risk tolerance to "buy the dip."

儘管加密貨幣價格大幅下跌，但一些分析師認為，這為價值投資者和具有高風險承受能力的交易者提供了「逢低買進」的機會。

Daniel Cheung, co-founder of Syncracy Capital, predicts that investors will have an extended period to capitalize on buying opportunities. He attributes this to a shift in market psychology, where traders are now more focused on short-term profits.

Syncracy Capital 聯合創始人 Daniel Cheung 預測，投資者將有更長的時間來利用買入機會。他將此歸因於市場心理的轉變，交易者現在更加關注短期利潤。

"There will be intra-month volatility, but the pullbacks likely will be a 'buy the dip' scenario for much longer than everyone expects," Cheung stated in a recent post.

張在最近的一篇文章中表示：“月內將會出現波動，但回調可能會是‘逢低買入’的情況，持續時間比所有人預期的要長得多。”