Dogecoin and Meme Coins Tumble as Fed Fuels Market Concerns

聯準會加劇市場擔憂，狗狗幣和 Meme 幣暴跌

Dogecoin (DOGE) has plummeted 12.4% in the last 24 hours, echoing a broader market decline triggered by the Federal Reserve's latest economic projections.

狗狗幣（DOGE）在過去 24 小時內暴跌 12.4%，與聯準會最新經濟預測引發的更廣泛市場下跌相呼應。

The meme coin has dwindled to $0.31, with trading volume surging 67% to $10.25 billion as investors adjust their holdings. It has now declined 35% from its 2024 peak of $0.47.

隨著投資者調整持倉，Meme 幣的價格已跌至 0.31 美元，交易量飆升 67% 至 102.5 億美元。目前已較 2024 年高峰 0.47 美元下跌 35%。

Despite the setback, Dogecoin's market capitalization remains at $46.6 billion, solidifying its position as the seventh-largest cryptocurrency.

儘管遭遇挫折，狗狗幣的市值仍維持在 466 億美元，鞏固了其作為第七大加密貨幣的地位。

The Fed's hawkish remarks on unexpectedly high inflation and unemployment forecasts for 2025 sent shockwaves through risk assets on Wednesday, with cryptocurrencies bearing the brunt of the immediate market reaction.

週三，聯準會對 2025 年通膨和失業率預期意外高企的鷹派言論對風險資產造成衝擊，加密貨幣首當其衝受到市場的立即反應。

The Fed's projections, hinting at sustained interest rate hikes, spooked market participants and affected speculative assets like meme coins, which are typically sensitive to macroeconomic signals.

聯準會暗示持續升息的預測嚇壞了市場參與者，並影響了模因幣等投機資產，這些資產通常對宏觀經濟訊號敏感。

Dogecoin's price drop coincided with significant outflows, particularly on Binance, where over $83 million exited the market while trading volume spiked 74% to $1.85 billion, according to data aggregated from major exchanges by CoinGlass.

根據 CoinGlass 從主要交易所匯總的數據，狗狗幣的價格下跌與資金大量流出同時發生，特別是在幣安上，超過 8,300 萬美元退出市場，而交易量猛增 74% 至 18.5 億美元。

The liquidation data reveals concentrated selling pressure, with negative net flows across most major exchanges except Bybit and Bitstamp, suggesting a broader market exodus rather than exchange-specific activity.

清算數據顯示，拋售壓力集中，除 Bybit 和 Bitstamp 外，大多數主要交易所的淨流量均為負值，這表明市場出現更廣泛的資金外流，而不是特定交易所的活動。

Exchange-wide trading patterns indicate persistent selling from late November through December, with the DOGE/USDT pair on Binance and OKX experiencing sharp declines, falling roughly 23% over the past week.

整個交易所的交易模式表明，從 11 月底到 12 月持續出現拋售，幣安和 OKX 上的 DOGE/USDT 貨幣對經歷了大幅下跌，過去一周下跌了約 23%。

The wider crypto dip has seen other assets, including Ethereum, XRP, and Solana, suffer double-digit losses. DOGE's downturn aligns with Bitcoin's recent retreat below $100,000, although meme coins have generally experienced steeper declines compared to other cryptos, according to sector data from CoinGecko.

更廣泛的加密貨幣下跌導致以太幣、XRP 和 Solana 等其他資產遭受了兩位數的損失。根據 CoinGecko 的行業數據，DOGE 的低迷與比特幣近期跌破 10 萬美元的趨勢一致，儘管與其他加密貨幣相比，meme 幣的跌幅普遍更大。

Only Fartcoin has shown positive returns for the past week, gaining 71%. True to its name, the meme coin continues to accumulate and is up 323% for the month.

過去一周，只有 Fartcoin 表現出正回報，漲幅達 71%。正如它的名字一樣，Meme 幣繼續積累，本月上漲了 323%。

Fartcoin has also garnered significant mainstream media attention, including a mention in a Decrypt article featured on CBS' The Late Show with Stephen Colbert.

Fartcoin 也引起了主流媒體的廣泛關注，其中包括哥倫比亞廣播公司 (CBS) 斯蒂芬·科爾伯特深夜秀 (The Late Show with Stephen Colbert) 的 Decrypt 文章中的提及。

Data from CoinGecko indicates that recently popular Solana meme coins, such as MOODENG and CHILLGUY, have fallen to mid-cap status, with their prices dropping 38% and 43%, respectively. Peanut the Squirrel (PNUT) has also declined 46%, though its market cap still exceeds $672 million.

CoinGecko的數據顯示，最近流行的Solana meme幣，如MOODENG和CHILLGUY，已跌至中盤狀態，價格分別下跌38%和43%。 Peanut the Squirrel (PNUT) 也下跌了 46%，但市值仍超過 6.72 億美元。

Other dog-themed tokens have mirrored DOGE's decline. Shiba Inu (SHIB) has dropped 23.3% for the day, while BONK has fallen 22.5%.

其他以狗為主題的代幣也反映了 DOGE 的衰落。 Shiba Inu (SHIB) 當日下跌 23.3%，而 BONK 則下跌 22.5%。

Despite the sharp correction, DOGE's current price represents a remarkable journey from its humble beginnings, although it remains 57% below its peak of $0.73 reached during the 2021 bull market.

儘管出現了大幅調整，DOGE 目前的價格仍比 2021 年牛市期間達到的 0.73 美元峰值低 57%，但從其卑微的開端來看，這是一段非凡的旅程。