Memecoin Market Suffers Steep Decline

Memecoin 市場急劇下滑

On December 10, prominent memecoins, including Dogecoin (DOGE), Shiba Inu (SHIB), and Dogwifhat (WIF), plummeted significantly, eroding gains from a recent rally fueled by Donald Trump's support. The downturn pushed the total market capitalization of crypto memecoins to a three-week low of $119.6 billion.

12 月 10 日，包括狗狗幣 (DOGE)、柴犬幣 (SHIB) 和 Dogwifhat (WIF) 在內的知名 memecoin 大幅下跌，侵蝕了近期因唐納德·川普支持而上漲的漲幅。經濟低迷將加密迷因幣的總市值推至三週低點 1,196 億美元。

Losses Impact Memecoin Valuations

損失影響 Memecoin 估值

Dogecoin experienced a 5.6% loss in 24 hours, while SHIB dropped 10.4%. In contrast, Pepe (PEPE) emerged as the only large-cap memecoin that gained, rising 1.7%. The daily trading volume of memecoins surged, indicating significant selling pressure.

狗狗幣在 24 小時內下跌 5.6%，SHIB 下跌 10.4%。相比之下，Pepe (PEPE) 成為唯一上漲的大盤 memecoin，上漲 1.7%。 Memecoin 的每日交易量激增，顯示拋售壓力巨大。

Declines in Open Interest

未平倉合約下降

Open interest (OI) for crypto memecoins witnessed a decline, with Pnut (PNUT) leading the drop, shedding 30% in 24 hours. DOGE's OI fell over 20% to $3.1 billion, while WIF's OI decreased 27% to $519 million.

加密 memecoin 的未平倉合約 (OI) 下降，其中 Pnut (PNUT) 跌幅最大，24 小時內下跌 30%。 DOGE 的 OI 下降超過 20% 至 31 億美元，而 WIF 的 OI 下降 27% 至 5.19 億美元。

Mass Liquidations in Crypto Market

加密貨幣市場的大規模清算

The memecoin decline coincided with massive liquidations in the crypto market, with over $1.7 billion in leveraged positions liquidated in 24 hours. DOGE and SHIB faced the brunt, with $72.6 million and $22.35 million in long position liquidations, respectively. PEPE and WIF also experienced liquidations, albeit to a lesser extent. This liquidation event ranks as the largest since 2021, signifying a marked shift in the crypto market.

Memecoin 的下跌恰逢加密貨幣市場的大規模清算，24 小時內清算了超過 17 億美元的槓桿部位。 DOGE 和 SHIB 首當其衝，分別有 7,260 萬美元和 2,235 萬美元的多頭部位清算。 PEPE 和 WIF 也經歷了清算，儘管程度較小。此次清算事件是自 2021 年以來規模最大的一次，標誌著加密貨幣市場發生了顯著轉變。

Predictions for December

十二月預測

Projections for memecoin prices in December 2024 suggest volatility. Dogecoin (DOGE) is expected to fluctuate between $0.37 and $0.78, while Shiba Inu (SHIB) and Dogwifhat (WIF) may experience similar variations due to their popularity and the appeal of novelty cryptocurrencies. However, experts advise caution, highlighting the susceptibility of these assets to market trends and external factors.

對 2024 年 12 月 memecoin 價格的預測表明存在波動。狗狗幣 (DOGE) 預計將在 0.37 美元至 0.78 美元之間波動，而柴犬 (SHIB) 和 Dogwifhat (WIF) 由於其受歡迎程度和新穎加密貨幣的吸引力，可能會經歷類似的變化。然而，專家建議謹慎行事，強調這些資產對市場趨勢和外部因素的敏感度。

Caution Urged for Investors

投資者須謹慎

The recent decline in memecoin prices serves as a reminder of their inherent volatility. Forecasts for December 2024 remain uncertain, underscoring the need for caution in crypto investments. Investors are encouraged to remain informed and vigilant to navigate market fluctuations effectively.

最近模因幣價格的下跌提醒人們其固有的波動性。對 2024 年 12 月的預測仍不確定，這凸顯了加密貨幣投資需要謹慎。我們鼓勵投資者保持知情並保持警惕，以有效應對市場波動。