The Meteoric Ascent of Memecoins

Memecoin 的迅速崛起

The exuberant surge of memecoins, unique cryptocurrencies featuring high volatility, has captivated not only retail traders but also institutional investors. The allure of memecoins like Dogecoin and Shiba Inu appears irresistible, transcending their dramatic price fluctuations. Fueled by social media fervor and community enthusiasm, these cryptocurrencies are attracting an influx of investors. A report by Bybit corroborates this trend, highlighting a substantial increase in memecoin holdings.

模因币（memecoin）是一种具有高波动性的独特加密货币，其蓬勃发展不仅吸引了散户交易者，也吸引了机构投资者。像狗狗币和柴犬这样的模因币的吸引力似乎难以抗拒，超越了它们剧烈的价格波动。在社交媒体热情和社区热情的推动下，这些加密货币正在吸引大量投资者涌入。 Bybit 的一份报告证实了这一趋势，强调了 memecoin 持有量的大幅增加。

Institutions Embracing Meme Cryptos

接受 Meme 加密货币的机构

Memecoins continue to permeate the crypto market. A groundbreaking report from cryptocurrency exchange Bybit, titled "Beyond the Hype: The Realities of Institutional Memecoin Investments," unveils unprecedented enthusiasm for memecoins among institutional investors.

Memecoin 继续渗透到加密货币市场。加密货币交易所 Bybit 发布了一份题为“超越炒作：机构 Memecoin 投资的现实”的开创性报告，揭示了机构投资者对 Memecoin 前所未有的热情。

Between February and March, institutional holdings in memecoins skyrocketed by 226%, reaching $204 million. This figure ascended to $293.7 million in April before declining to $139 million by the end of the study period, indicating an active selling strategy in response to market volatility.

2 月至 3 月期间，机构持有的 memecoin 猛增 226%，达到 2.04 亿美元。该数字在 4 月份升至 2.937 亿美元，然后在研究期结束时下降至 1.39 亿美元，表明针对市场波动采取了积极的销售策略。

"Institutional investors were poised to capitalize on the memecoin frenzy as the trend peaked in late March," the report underscores.

报告强调，“随着模因币这一趋势在 3 月底达到顶峰，机构投资者准备利用模因币的狂热。”

This opportunistic approach demonstrates a calculated risk-taking strategy, aiming to leverage the popularity surges of these non-traditional cryptos. Despite reducing their positions, institutions retain a significant allocation to memecoins, signaling their anticipation of favorable market conditions returning.

这种机会主义方法展示了一种经过深思熟虑的冒险策略，旨在利用这些非传统加密货币的流行度激增。尽管减少了头寸，机构仍保留了对 memecoin 的大量配置，这表明他们预期有利的市场状况将会回归。

The appeal of meme cryptos for institutions extends beyond their potential for high returns. They also offer diversification benefits, complementing traditional assets and even established cryptocurrencies.

模因加密货币对机构的吸引力超出了其高回报的潜力。它们还提供多元化的好处，补充传统资产甚至已建立的加密货币。

Dogecoin (DOGE) remains the favorite of institutions, constituting 36.17% of their memecoin holdings, followed by PEPE and SHIB, which continue to attract attention despite their speculative nature.

狗狗币（DOGE）仍然是机构的最爱，占其 memecoin 持有量的 36.17%，其次是 PEPE 和 SHIB，尽管它们具有投机性质，但仍继续吸引关注。

Retail Investors Not Falling Behind

散户投资者也不甘落后

Retail investors have demonstrated equal enthusiasm for meme cryptos. Bybit's report indicates that retail holdings in meme coins surged by 478% between February and April.

散户投资者对模因加密货币也表现出了同样的热情。 Bybit 的报告显示，2 月至 4 月期间，Meme 币的零售持有量飙升了 478%。

Similar to their institutional counterparts, retail investors engaged in significant selling when market conditions deteriorated, resulting in a decline from $567 million to $371 million.

与机构投资者类似，当市场状况恶化时，散户投资者进行了大量抛售，导致资金从 5.67 亿美元下降至 3.71 亿美元。

Retail investors favor Ethereum-based memecoins, dedicating 20.95% of their holdings to PEPE and 14.61% to SHIB. These altcoins, often dismissed for their perceived lack of fundamentals, benefit from fervent online community support, driving impressive price gains.

散户投资者青睐基于以太坊的 memecoin，将其持有的 20.95% 投入 PEPE，14.61% 投入 SHIB。这些山寨币经常因缺乏基本面而被忽视，但它们受益于在线社区的热情支持，推动了令人印象深刻的价格上涨。

Retail strategies exhibit more diversification than institutional ones, with an average allocation of 4% of their portfolios to memecoins, compared to 2.5% for institutions.

零售策略比机构策略表现出更多的多元化，其投资组合的平均配置为模因币的 4%，而机构策略为 2.5%。

"DOGE has secured a place in the long-term HODL collections of both groups, reflecting its iconic status and consistent performance over time," the report observes.

报告指出：“DOGE 在这两个集团的长期 HODL 系列中都占有一席之地，反映了其标志性地位和长期稳定的表现。”

Furthermore, BONK, a lesser-known memecoin, has garnered attention from investors, particularly institutions, which allocate a notable 10% of their memecoin holdings to it.

此外，BONK 是一种不太知名的 memecoin，它吸引了投资者，尤其是机构的关注，机构将其持有的 memecoin 的 10% 分配给了它。

The rise of meme cryptos underscores the unpredictable and captivating nature of the cryptocurrency market. From retail to institutional investors, participants are embracing these unconventional altcoins, eager to ride the waves of popular trends and potentially reap substantial rewards.

模因加密货币的兴起凸显了加密货币市场的不可预测性和迷人性。从散户到机构投资者，参与者都在拥抱这些非传统的山寨币，渴望顺应流行趋势的浪潮，并有可能获得丰厚的回报。