The Declining Phenomenon of Memecoins

Memecoin 的衰落现象

The distinctive sawtooth patterns of memecoins have both lured and deceived inexperienced crypto traders. Inspired by internet memes, these tokens promise rapid gains but may also result in precipitous losses. This article examines the recent downturn in memecoins and the rationale behind traders' abandonment of these volatile assets.

模因币独特的锯齿图案既引诱又欺骗了缺乏经验的加密货币交易者。受互联网迷因的启发，这些代币承诺快速收益，但也可能导致急剧损失。本文探讨了最近模因币的低迷以及交易者放弃这些波动性资产背后的原因。

Memecoins in Discord

Discord 中的模因币

Traders have grown increasingly disillusioned with memecoins, causing a mass exodus. After a period of euphoric appreciation, a severe market correction has struck the sector.

交易者对模因币的幻想越来越幻灭，导致大量资金外流。经过一段时期的欣欣向荣的升值之后，该行业遭遇了严重的市场调整。

Data from Santiment, as reported by FX Street, indicates a 30% value decline for memecoins in June, attributed to events such as the massive BTC sell-off by governmental entities and compensation to Mt. Gox creditors.

据 FX Street 报道，Santiment 的数据显示，6 月份 memecoin 的价值下跌了 30%，原因是政府实体大规模抛售 BTC 以及向 Mt. Gox 债权人赔偿等事件。

Flagship memecoins, including Dogwifhat (WIF), Shiba Inu, BRETT, and MOG, have also suffered substantial losses.

Dogwifhat (WIF)、Shiba Inu、BRETT 和 MOG 等旗舰 memecoin 也遭受了重大损失。

Evolution of Meme Cryptos:

Meme 加密货币的演变：

• Dogwifhat (WIF): -61% since March 31
• Dogecoin (DOGE): -50% from annual high
• Shiba Inu (SHIB): -57% from peak
• Brett (BRETT) and MOG Coin (MOG): also affected, at -30%

Seasoned traders recognize that memecoins, characterized by their speculative nature and low capitalization, are often the first to succumb to market turbulence.

Dogwifhat (WIF)：自 3 月 31 日起为 -61%Dogecoin (DOGE)：较年度高点为 -50% Shiba Inu (SHIB)：较峰值为 -57%Brett (BRETT) 和 MOG Coin (MOG)：也受到影响，为 -30% 经验丰富的交易者认识到模因币具有投机性和低资本化的特点，往往最先屈服于市场动荡。

Amidst dwindling hopes for a bullish reversal, investors are opting to safeguard their profits or reduce their losses. Crypto analyst @Ali_charts suggests that the bullish cycle for memecoins may have ended, signaling a period of market indifference.

在看涨逆转的希望逐渐减弱的情况下，投资者选择保护利润或减少损失。加密货币分析师 @Ali_charts 表示，memecoin 的看涨周期可能已经结束，标志着市场冷漠的时期。

Impact of Celebrity Crypto Launches

名人加密货币发布的影响

The emergence of Solana's Pump.fun platform, which specializes in generating celebrity tokens, has further contributed to the decline of traditional memecoins.

Solana 专门生成名人代币的 Pump.fun 平台的出现，进一步加剧了传统模因币的衰落。

Traders have flocked to these new meme cryptos, draining liquidity from established projects. Pump.fun has facilitated the rapid creation of new coins, intensifying competition and eroding interest in older memecoins.

交易者纷纷涌向这些新的模因加密货币，耗尽了现有项目的流动性。 Pump.fun 促进了新币的快速创建，加剧了竞争并削弱了人们对旧模因币的兴趣。

Investors are now pursuing seemingly more stable or innovative opportunities, abandoning highly volatile cryptocurrencies.

投资者现在正在寻求看似更稳定或创新的机会，放弃高度波动的加密货币。

Despite these developments, some traders remain optimistic. According to IntoTheBlock, over 70% of DOGE, PEPE, and FLOKI holders remain profitable despite the recent drop.

尽管有这些进展，一些交易商仍然保持乐观。据 IntoTheBlock 称，尽管最近有所下降，但超过 70% 的 DOGE、PEPE 和 FLOKI 持有者仍保持盈利。

However, caution is advised, as market reversals can be both swift and severe in the realm of meme cryptos.

然而，建议谨慎行事，因为在模因加密货币领域，市场逆转可能既迅速又严重。