Solana-based BONK, a meme coin based on the Solana blockchain, has overtaken PEPE in market capitalization, according to CoinGecko data. 

根据 CoinGecko 的数据，基于 Solana 的 BONK 是一种基于 Solana 区块链的模因币，其市值已超过 PEPE。

BONK's market cap now stands at $1.4 billion following a remarkable 90.5% surge over the past week, as opposed to PEPE's market cap of $1.34 despite its own impressive 184.9% rise over the same period.

BONK 的市值在过去一周大幅上涨 90.5% 后，目前达到 14 亿美元，而 PEPE 的市值为 1.34 美元，尽管其同期上涨了 184.9%。

The reign of meme coins

模因硬币的统治

The crypto market has seen an explosion in the popularity of meme coins, digital currencies inspired by internet memes and culture. 

加密货币市场中，模因硬币、受互联网模因和文化启发的数字货币的受欢迎程度呈爆炸式增长。

Leading the pack is Dogecoin (DOGE), with a market cap of $18.2 following a 52.5% increase over the last seven days. 

领头羊是狗狗币 (DOGE)，其市值在过去 7 天上涨 52.5% 后达到 18.2 美元。

Shiba Inu (SHIB) trails behind, boasting a market cap of $7.8 billion after a 40.2% jump. 

柴犬 (SHIB) 紧随其后，市值跃升 40.2%，达到 78 亿美元。

BONK and PEPE follow these giants, illustrating the growing investor interest in meme coins beyond the top contenders. 

BONK 和 PEPE 紧随这些巨头之后，表明投资者对 meme 币的兴趣日益增长，超越了顶级竞争者。

This surge in meme coins shows growing risk-on sentiment in the meme coin market.  

模因币的激增表明模因币市场的风险情绪不断增强。

Bitcoin's ripple effect

比特币的连锁反应

The recent surge in BONK, PEPE, and other cryptocurrencies can be attributed in part to Bitcoin's stellar performance.

BONK、PEPE 和其他加密货币最近的飙升部分归因于比特币的出色表现。

Bitcoin has soared past the $60,000 mark, reaching $61,998.83, with a 20.5% increase over the last week, driving the entire crypto market upwards. 

比特币已经飙升突破60,000美元大关，达到61,998.83美元，较上周上涨20.5%，带动整个加密市场上涨。

This surge is largely fueled by the escalating excitement around Bitcoin exchange-traded funds (ETFs), with significant inflows into these funds indicating a growing institutional and retail interest.

这种激增主要是由于人们对比特币交易所交易基金（ETF）的兴趣不断升级，大量资金流入这些基金，表明机构和散户的兴趣不断增长。

For instance, BlackRock's iShares Bitcoin ETF recorded a staggering daily inflow of $520 million. Bitcoin's performance is not just a testament to its resilience but also acts as a catalyst for the broader cryptocurrency market, lifting the prospects of altcoins and meme coins alike.

例如，贝莱德 (BlackRock) 的 iShares 比特币 ETF 录得每日 5.2 亿美元的惊人流入量。比特币的表现不仅证明了其弹性，而且还充当了更广泛的加密货币市场的催化剂，提升了山寨币和迷因币的前景。