Dogecoin and Meme Coins Tumble as Fed Fuels Market Concerns

美联储加剧市场担忧，狗狗币和 Meme 币暴跌

Dogecoin (DOGE) has plummeted 12.4% in the last 24 hours, echoing a broader market decline triggered by the Federal Reserve's latest economic projections.

狗狗币（DOGE）在过去 24 小时内暴跌 12.4%，与美联储最新经济预测引发的更广泛市场下跌相呼应。

The meme coin has dwindled to $0.31, with trading volume surging 67% to $10.25 billion as investors adjust their holdings. It has now declined 35% from its 2024 peak of $0.47.

随着投资者调整持仓，Meme 币的价格已跌至 0.31 美元，交易量飙升 67% 至 102.5 亿美元。目前已较 2024 年峰值 0.47 美元下跌 35%。

Despite the setback, Dogecoin's market capitalization remains at $46.6 billion, solidifying its position as the seventh-largest cryptocurrency.

尽管遭遇挫折，狗狗币的市值仍保持在 466 亿美元，巩固了其作为第七大加密货币的地位。

The Fed's hawkish remarks on unexpectedly high inflation and unemployment forecasts for 2025 sent shockwaves through risk assets on Wednesday, with cryptocurrencies bearing the brunt of the immediate market reaction.

周三，美联储对 2025 年通胀和失业率预期意外高企的鹰派言论对风险资产造成冲击，加密货币首当其冲受到市场的立即反应。

The Fed's projections, hinting at sustained interest rate hikes, spooked market participants and affected speculative assets like meme coins, which are typically sensitive to macroeconomic signals.

美联储暗示持续加息的预测吓坏了市场参与者，并影响了模因币等投机资产，这些资产通常对宏观经济信号敏感。

Dogecoin's price drop coincided with significant outflows, particularly on Binance, where over $83 million exited the market while trading volume spiked 74% to $1.85 billion, according to data aggregated from major exchanges by CoinGlass.

根据 CoinGlass 从主要交易所汇总的数据，狗狗币的价格下跌与资金大量流出同时发生，特别是在币安上，超过 8300 万美元退出市场，而交易量猛增 74% 至 18.5 亿美元。

The liquidation data reveals concentrated selling pressure, with negative net flows across most major exchanges except Bybit and Bitstamp, suggesting a broader market exodus rather than exchange-specific activity.

清算数据显示，抛售压力集中，除 Bybit 和 Bitstamp 外，大多数主要交易所的净流量均为负值，这表明市场出现更广泛的资金外流，而不是特定交易所的活动。

Exchange-wide trading patterns indicate persistent selling from late November through December, with the DOGE/USDT pair on Binance and OKX experiencing sharp declines, falling roughly 23% over the past week.

整个交易所的交易模式表明，从 11 月底到 12 月持续出现抛售，币安和 OKX 上的 DOGE/USDT 货币对经历了大幅下跌，过去一周下跌了约 23%。

The wider crypto dip has seen other assets, including Ethereum, XRP, and Solana, suffer double-digit losses. DOGE's downturn aligns with Bitcoin's recent retreat below $100,000, although meme coins have generally experienced steeper declines compared to other cryptos, according to sector data from CoinGecko.

更广泛的加密货币下跌导致以太坊、XRP 和 Solana 等其他资产遭受了两位数的损失。根据 CoinGecko 的行业数据，DOGE 的低迷与比特币近期跌破 10 万美元的趋势一致，尽管与其他加密货币相比，meme 币的跌幅普遍更大。

Only Fartcoin has shown positive returns for the past week, gaining 71%. True to its name, the meme coin continues to accumulate and is up 323% for the month.

过去一周，只有 Fartcoin 表现出正回报，涨幅达 71%。正如它的名字一样，Meme 币继续积累，本月上涨了 323%。

Fartcoin has also garnered significant mainstream media attention, including a mention in a Decrypt article featured on CBS' The Late Show with Stephen Colbert.

Fartcoin 还引起了主流媒体的广泛关注，其中包括哥伦比亚广播公司 (CBS) 斯蒂芬·科尔伯特深夜秀 (The Late Show with Stephen Colbert) 的 Decrypt 文章中的提及。

Data from CoinGecko indicates that recently popular Solana meme coins, such as MOODENG and CHILLGUY, have fallen to mid-cap status, with their prices dropping 38% and 43%, respectively. Peanut the Squirrel (PNUT) has also declined 46%, though its market cap still exceeds $672 million.

CoinGecko的数据显示，最近流行的Solana meme币，如MOODENG和CHILLGUY，已跌至中盘状态，价格分别下跌38%和43%。 Peanut the Squirrel (PNUT) 也下跌了 46%，但其市值仍超过 6.72 亿美元。

Other dog-themed tokens have mirrored DOGE's decline. Shiba Inu (SHIB) has dropped 23.3% for the day, while BONK has fallen 22.5%.

其他以狗为主题的代币也反映了 DOGE 的衰落。 Shiba Inu (SHIB) 当日下跌 23.3%，而 BONK 则下跌 22.5%。

Despite the sharp correction, DOGE's current price represents a remarkable journey from its humble beginnings, although it remains 57% below its peak of $0.73 reached during the 2021 bull market.

尽管出现了大幅调整，DOGE 目前的价格仍比 2021 年牛市期间达到的 0.73 美元峰值低 57%，但从其卑微的开端来看，这是一段非凡的旅程。