Cryptocurrency Market Plummets, Meme Coins Tank

加密货币市场暴跌，Meme 币暴跌

The cryptocurrency market has taken a nosedive, with the meme coin sector experiencing a significant 12% drop. XRP and Dogecoin have suffered particularly steep declines, while overall liquidations have reached a three-year high.

加密货币市场急剧下滑，模因币领域大幅下跌 12%。 XRP 和狗狗币的跌幅尤其严重，而总体清算量已达到三年来的最高点。

As of 1:57 a.m. EST, the total market capitalization of all cryptocurrencies had fallen by 4% to approximately $3.47 trillion. XRP and Dogecoin led the losses among the top 10 cryptocurrencies, with drops of 9.9% and 8.2%, respectively, by 3:10 a.m. EST.

截至美国东部时间凌晨 1:57，所有加密货币的总市值下降了 4%，至约 3.47 万亿美元。 XRP 和狗狗币在十大加密货币中领跌，截至美国东部时间凌晨 3 点 10 分，跌幅分别为 9.9% 和 8.2%。

Meme Coins Suffer Heavy Losses

Meme币遭受重创

Solana-based meme coins were among the biggest losers in the past 24 hours. Popcat (POPCAT) endured the most significant loss, with its price plummeting over 21%. Dogwifhat (WIF) also made the top three losers list after a 17% drop in value. Internet of Things project IOTA experienced the second-largest loss, exceeding 18%.

基于 Solana 的模因币是过去 24 小时内跌幅最大的货币之一。 Popcat（POPCAT）遭受的损失最为严重，其价格暴跌超过 21%。 Dogwifhat (WIF) 在市值下跌 17% 后也跻身跌幅前三名。物联网项目IOTA损失第二大，超过18%。

Liquidations Soar

清算飙升

The recent decline in crypto prices has triggered liquidations of more than $1.5 billion in longs. This is the highest liquidation of bullish trades since 2021. CoinGlass data reveals that altcoin futures accounted for $560 million in losses, while futures for Dogecoin (DOGE) and Ripple (XRP) collectively resulted in losses exceeding $70 million.

最近加密货币价格的下跌引发了超过 15 亿美元的多头清算。这是自 2021 年以来看涨交易的最高清算额。CoinGlass 数据显示，山寨币期货造成了 5.6 亿美元的损失，而狗狗币 (DOGE) 和瑞波币 (XRP) 的期货合计损失超过 7000 万美元。

Opportunities for Value Investors

价值投资者的机会

Despite the sharp drop in crypto prices, some analysts believe it presents an opportunity for value investors and traders with a high risk tolerance to "buy the dip."

尽管加密货币价格大幅下跌，但一些分析师认为，这为价值投资者和具有高风险承受能力的交易者提供了“逢低买入”的机会。

Daniel Cheung, co-founder of Syncracy Capital, predicts that investors will have an extended period to capitalize on buying opportunities. He attributes this to a shift in market psychology, where traders are now more focused on short-term profits.

Syncracy Capital 联合创始人 Daniel Cheung 预测，投资者将有更长的时间来利用买入机会。他将此归因于市场心理的转变，交易者现在更加关注短期利润。

"There will be intra-month volatility, but the pullbacks likely will be a 'buy the dip' scenario for much longer than everyone expects," Cheung stated in a recent post.

张在最近的一篇文章中表示：“月内将会出现波动，但回调可能会是‘逢低买入’的情况，持续时间比所有人预期的要长得多。”