The Crypto Market Undergoes Correction, Memecoins Take a Hit

加密货币市场调整，Memecoin 遭受重创

The cryptocurrency market is experiencing a substantial correction, with memecoins showing particularly sharp declines. Investors are shifting towards more established assets, leading to questions about a possible paradigm shift within the industry.

加密货币市场正在经历大幅调整，其中模因币的跌幅尤其严重。投资者正在转向更成熟的资产，这引发了人们对行业内可能发生范式转变的质疑。

Memecoin Debacle

模因币崩溃

Over the past 12 hours, the crypto market has lost 3%, with total capitalization reaching a monthly low of $2.48 trillion. Memecoins have suffered the most, with most experiencing double-digit losses.

过去 12 小时，加密货币市场下跌 3%，总市值跌至 2.48 万亿美元的月度低点。 Memecoin 遭受的损失最为严重，大多数都出现了两位数的损失。

Kyle Chassé, a prominent figure in the Bitcoin community, has observed the rapid decline in investor interest towards these speculative assets. He refers to this trend as a "flight to quality," where traders are prioritizing crypto assets with clear functions and purposes.

比特币社区的知名人物凯尔·查塞（Kyle Chassé）观察到投资者对这些投机资产的兴趣迅速下降。他将这种趋势称为“追求质量”，即交易者优先考虑具有明确功能和目的的加密资产。

According to CoinGecko, the market capitalization of memecoins has dropped by 14%, now standing at $48.8 billion. MAGA TRUMP coin has endured the heaviest loss of 34%, while others like DOGWIFHAT, BRETT, and BOOK OF MEME have also reported losses exceeding 14%.

根据 CoinGecko 的数据，memecoin 的市值已下降 14%，目前为 488 亿美元。 MAGA TRUMP 币遭受了 34% 的最严重损失，而 DOGWIFHAT、BRETT 和 BOOK OF MEME 等其他币也报告损失超过 14%。

Industry leaders such as Dogecoin, Shiba Inu, and Pepe have not been spared. Only the DOG-GO-TO-THE-MOON token, based on Runes, has managed to remain profitable over the past week.

狗狗币、柴犬和佩佩等行业领导者也未能幸免。只有基于符文的 DOG-GO-TO-THE-MOON 代币在过去一周仍保持盈利。

Generalized Correction

广义修正

Although memecoins have been the most severely impacted, the decline has spread throughout the altcoin market. Solana has lost 7%, dropping to $132, while Cardano has declined 7.8% to $0.37.

尽管模因币受到的影响最为严重，但下跌趋势已蔓延到整个山寨币市场。 Solana 下跌 7%，跌至 132 美元，而 Cardano 下跌 7.8%，跌至 0.37 美元。

Other assets like Avalanche (AVAX), Uniswap (UNI), Internet Computer (ICP), and Near Protocol (NEAR) have also faced losses. Bitcoin, meanwhile, has found support around $65,000 but remains stuck in a lateral channel for three and a half months.

Avalanche (AVAX)、Uniswap (UNI)、互联网计算机 (ICP) 和近协议 (NEAR) 等其他资产也面临损失。与此同时，比特币已在 65,000 美元左右找到支撑，但在三个半月内仍滞留在横向通道中。

This generalized correction has led to doubts about the notion of a "flight to quality" at this stage. However, the steeper drop in memecoins may indicate a shift in investor mentality.

这种普遍的修正导致了人们对现阶段“追求质量”这一概念的怀疑。然而，模因币的大幅下跌可能表明投资者心态的转变。

Changing Landscape

改变景观

Following a period of speculative exuberance, the crypto market appears to be maturing and seeking out projects with genuine value. Whether this trend will persist or whether risk appetite will reassert itself remains to be seen.

经过一段投机繁荣期后，加密货币市场似乎正在走向成熟，并正在寻找具有真正价值的项目。这种趋势是否会持续下去，或者风险偏好是否会重新显现，还有待观察。

The recent decline of memecoins could potentially mark a turning point for the crypto industry. As investors seek more stable assets, time will tell whether this "flight to quality" will continue in the long run.

最近模因币的下跌可能标志着加密行业的一个转折点。随着投资者寻求更稳定的资产，时间将证明这种“向优质资产的投资”是否会长期持续下去。