The Bear Market's Impact on Memecoins

熊市對 Memecoin 的影響

The cryptocurrency market downturn has significantly impacted the niche of memecoins.

加密貨幣市場的低迷嚴重影響了迷因幣的利基市場。

The Block's GMCI index for memecoins indicates a reduction of 8.87% within the last 24 hours. Dogecoin, Shiba Inu, and Pepe, the top three assets by weight, have witnessed declines of 9.23%, 2.36%, and 13.87%, respectively.

The Block 的 memecoin GMCI 指數顯示過去 24 小時內下跌了 8.87%。權重排名前三的狗狗幣、柴犬和佩佩分別下跌了 9.23%、2.36% 和 13.87%。

Solana memecoins have also been severely affected, with a 16% decline in market capitalization over a single day.

Solana memecoin 也受到嚴重影響，市值單日下跌 16%。

According to a general partner at Cinneamhain Ventures, memecoins tend to be heavily impacted during market downturns.

Cinneamhain Ventures 的一位普通合夥人表示，在市場低迷時期，迷因幣往往會受到嚴重影響。

Adam Cochran on the X social media platform observed, "Pump Fun's graduation rate remains stagnant at around 1.4%, and no new entrants have surpassed the $20 million fully diluted valuation. Memecoins continue to be most vulnerable to market volatility, suggesting the phasing out of the meme cycle."

X 社群媒體平台上的Adam Cochran 觀察到，「Pump Fun 的畢業率仍然停滯在1.4% 左右，並且沒有新進入者超過2000 萬美元的完全攤薄估值。Memecoin 仍然最容易受到市場波動的影響，這顯示Memecoin 正在逐步退出模因循環。

As of 5:00 p.m. ET (21:00 UTC) on August 5, Dogecoin, the leading memecoin by market capitalization, traded at $0.094.

截至下午 5:00美國東部時間（世界標準時間 21:00）8 月 5 日，市值領先的 memecoin 狗狗幣的交易價格為 0.094 美元。