Cryptocurrency Market Plunges, Led by Meme Coin Selloff

加密货币市场暴跌，由模因硬币抛售领导

Bitcoin, Ethereum, and Dogecoin experienced a significant decline, with the meme coin market witnessing a drop of over 14%, dragging the entire crypto market down by more than 5%.

比特币，以太坊和狗狗币经历了显着下降，模因硬币市场的下降超过14％，使整个加密货币市场下降了5％以上。

Bitcoin, Ethereum, and Dogecoin Drop Sharply

比特币，以太坊和狗狗币急剧下降

• Bitcoin (BTC) fell by 7.4%.
• Ethereum (ETH) declined by 13.5%.
• Dogecoin plummeted by 13%.

Crypto Fear & Greed Index Hits Lowest Level Since September

比特币（BTC）下降了7.4％。埃塞姆（ETH）下降了13.5％。Dogecoin下降了13％。自9月以来的加密恐惧和贪婪指数达到最低水平

Investor sentiment deteriorated, leading to the Crypto Fear and Greed Index dropping by 24 points to reach an "Extreme Fear" level of 25, the lowest since September 2022.

投资者的情绪恶化，导致加密货币恐惧和贪婪指数下降了24分，达到了25级的“极端恐惧”水平，这是自2022年9月以来最低的。

Factors Driving the Decline

推动下降的因素

• Cautious outlook from the Federal Reserve on interest rate cuts.
• Meme coin scandal involving Argentine President Javier Milei.
• $1.5 billion hack of crypto exchange Bybit.
• Concerns over potential tariffs by US President Donald Trump.

Meme Coin Market Struggles

降低利率的美联储的谨慎前景。涉及阿根廷总统贾维尔·米利（Javier Milei）的最佳硬币丑闻。15亿美元的加密货币交易所Bybit。

• SPX6900 (SPX) experienced the steepest loss, dropping by over 17%.
• Pudgy Penguins (PENGU) extended its decline with a loss of 15%.
• Solana-based Dogwifhat (WIF) decreased by more than 14%.

Presales Offer Shelter

SPX6900（SPX）经历了最严重的损失，下降了17％以上。PudgyPenguins（Pengu）延长了其下降，损失15％。基于苏拉岛的Dogwifhat（WIF）减少了14％以上。

Investors sought refuge in presales to evade market volatility. Popular projects included:

投资者寻求避难所，以逃避市场波动。流行项目包括：

• Solaxy: Layer-2 scaling solution for Solana.
• BTC Bull Token: Meme coin offering free BTC to token holders.
• MIND of Pepe: AI agent for identifying crypto market trends.

Solaxy：Solana.btc Bull Token的2层缩放解决方案：Meme Coin提供免费的BTC到代币持有者。Pepe的Mind。