Cover Image via U.Today

封面圖片來自 U.Today

The euphoria surrounding meme coins appears to have waned. Of the ten worst-performing categories on CoinGecko, five are associated with meme cryptocurrencies. Notably, small-cap meme coins have experienced the most significant losses.

圍繞著迷因幣的興奮似乎已經減弱。在 CoinGecko 上表現最差的 10 個類別中，有 5 個與 meme 加密貨幣相關。值得注意的是，小型米姆幣遭受了最嚴重的損失。

Base and Solana Meme Coin Ecosystems Suffer Double-Digit Losses

Base 和 Solana Meme 幣生態系統遭受兩位數損失

In the past 24 hours, amid a general market downturn, meme-related coins have once again endured the most significant declines. Two ecosystems have exhibited the worst performance:

過去24小時，在市場普遍低迷的情況下，與meme相關的幣種再次遭遇最大幅度的跌幅。兩個生態系表現最差：

• Meme coins on Base, Coinbase's L2 for Ethereum (ETH), have lost over 18% overnight. Image by CoinGecko
  The combined capitalization of the 38 largest Base meme coins has dropped to $142 million. Brett (BRETT) has plummeted by over 40%.
• Solana's (SOL) meme coin segment has shed 12.6% of its value. The net market capitalization of Solana-based meme cryptocurrencies now stands at approximately $1.67 billion.

Other underperformers include cat-themed meme coins and BRC-20 assets (some of which are also associated with memes).

Base（Coinbase 的以太幣 (ETH) L2）上的 Meme 幣一夜之間下跌了 18% 以上。圖片來源：CoinGecko 38 個最大的 Base meme 代幣的總市值已降至 1.42 億美元。 Brett (BRETT) 暴跌超過 40%。基於 Solana 的 meme 加密貨幣的淨市值目前約為 16.7 億美元。

• Cat coins have lost 8.8% of their value, while BRC-20 cryptocurrencies have declined by 8.7%.

Liquidations Surge in Meme Coin Markets

Cat 幣價值下跌 8.8%，而 BRC-20 加密貨幣則下跌 8.7%。

The decline in meme coin values has triggered significant liquidations in futures markets. Dogecoin (DOGE), Dogwifhat (WIF), Bonk (BONK), and Pepe (PEPE) have been the most heavily impacted.

米姆幣價值的下跌引發了期貨市場的大規模清算。狗狗幣 (DOGE)、Dogwifhat (WIF)、Bonk (BONK) 和 Pepe (PEPE) 受到的影響最為嚴重。

• Of the $150 million in liquidations over the past 24 hours, the three largest meme coins account for $8.5 million.
• Over 80% of these liquidations were long positions.

The total crypto market capitalization has decreased by 2% during this period.

在過去 24 小時內的 1.5 億美元清算中，三大 meme 幣佔 850 萬美元。