Cryptocurrency Sell-Off Persists, Meme Coins Continue Downward Spiral

加密貨幣拋售持續存在，Meme 幣持續螺旋式下降

Cryptocurrency prices have remained depressed this week, a trend that has held steady for nearly two weeks now.

本週，加密貨幣價格依然低迷，這一趨勢已經穩定了近兩週。

Meme Coin Sell-Off Intensifies

Meme 幣拋售加劇

The combined market capitalization of all meme coins tracked by CoinGecko has plunged to $38 billion, a significant decline from its year-to-date high of $68 billion.

CoinGecko 追蹤的所有 Meme 幣的總市值已暴跌至 380 億美元，較年初至今的 680 億美元高點大幅下滑。

An analysis of meme coin charts reveals a strong correlation among them. All coins mentioned below have experienced substantial declines in the past five days, losing over 50% of their respective all-time highs.

對模因硬幣圖表的分析表明它們之間存在很強的相關性。以下提到的所有代幣在過去五天內都經歷了大幅下跌，跌幅超過各自歷史高點的 50%。

Bitcoin Remains Below $60,000, Meme Coins Fall

比特幣仍低於 6 萬美元，Meme 幣下跌

• Dogwifhat (WIF) has witnessed a five-consecutive-day drop, plummeting by over 51% from its peak.
• Brett (BRETT), the largest meme coin on the Base Blockchain, has also endured a five-day downturn, losing 60% of its all-time high. Long-term holders have reportedly lost over $1 billion as its market capitalization has dwindled from $1.89 billion to $794 million.
• Bonk (BONK), the first Solana (SOL) meme coin, has also suffered significant losses on August 17, falling by 63% since its March highs.
• Pepe (PEPE) has retreated to $0.0000071 after several consecutive days of decline.

Technical Indicators Hint at Further Meme Coin Slide

Dogwifhat (WIF) 連續五天下跌，較峰值暴跌超過 51%。據報道，長期持有者損失超過10 億美元，其市值從18.9 億美元縮水至7.94 億美元。下跌了63%自 3 月高點以來。

Technical indicators suggest that these meme coins may face further downside pressure.

技術指標表明，這些模因幣可能面臨進一步的下行壓力。

Key Points

重點

• Bitcoin's stagnation below $60,000 has dampened the sentiment for meme coins.
• Extreme price movements in meme coins have historically mirrored Bitcoin's trajectory.
• Traders often turn to meme coins like Pepe and Dogwifhat when Bitcoin is rising due to their relative affordability.

比特幣停滯在60,000 美元以下，削弱了人們對meme 幣的信心。 ，因為它們的相對承受能力。