Cryptocurrency Sell-Off Persists, Meme Coins Continue Downward Spiral

加密货币抛售持续存在，Meme 币继续螺旋式下降

Cryptocurrency prices have remained depressed this week, a trend that has held steady for nearly two weeks now.

本周，加密货币价格依然低迷，这一趋势已经稳定了近两周。

Meme Coin Sell-Off Intensifies

Meme 币抛售加剧

The combined market capitalization of all meme coins tracked by CoinGecko has plunged to $38 billion, a significant decline from its year-to-date high of $68 billion.

CoinGecko 追踪的所有 Meme 币的总市值已暴跌至 380 亿美元，较年初至今的 680 亿美元高位大幅下滑。

An analysis of meme coin charts reveals a strong correlation among them. All coins mentioned below have experienced substantial declines in the past five days, losing over 50% of their respective all-time highs.

对模因硬币图表的分析表明它们之间存在很强的相关性。下面提到的所有代币在过去五天内都经历了大幅下跌，跌幅超过各自历史高点的 50%。

Bitcoin Remains Below $60,000, Meme Coins Fall

比特币仍低于 60,000 美元，Meme 币下跌

• Dogwifhat (WIF) has witnessed a five-consecutive-day drop, plummeting by over 51% from its peak.
• Brett (BRETT), the largest meme coin on the Base Blockchain, has also endured a five-day downturn, losing 60% of its all-time high. Long-term holders have reportedly lost over $1 billion as its market capitalization has dwindled from $1.89 billion to $794 million.
• Bonk (BONK), the first Solana (SOL) meme coin, has also suffered significant losses on August 17, falling by 63% since its March highs.
• Pepe (PEPE) has retreated to $0.0000071 after several consecutive days of decline.

Technical Indicators Hint at Further Meme Coin Slide

Dogwifhat (WIF) 连续五天下跌，较峰值暴跌超过 51%。 Base Blockchain 上最大的 meme 币 Brett (BRETT) 也经历了五天低迷，损失了 60%其历史新高。据报道，长期持有者损失超过 10 亿美元，其市值从 18.9 亿美元缩水至 7.94 亿美元。第一个 Solana (SOL) 模因币 Bonk (BONK) 在 8 月 17 日也遭受了重大损失，下跌了 63%自 3 月份高点以来。Pepe (PEPE) 在连续几天下跌后已回落至 0.0000071 美元。技术指标暗示 Meme 币将进一步下滑

Technical indicators suggest that these meme coins may face further downside pressure.

技术指标表明，这些模因币可能面临进一步的下行压力。

Key Points

要点

• Bitcoin's stagnation below $60,000 has dampened the sentiment for meme coins.
• Extreme price movements in meme coins have historically mirrored Bitcoin's trajectory.
• Traders often turn to meme coins like Pepe and Dogwifhat when Bitcoin is rising due to their relative affordability.

比特币停滞在 60,000 美元以下，削弱了人们对 meme 币的信心。meme 币的极端价格波动在历史上反映了比特币的走势。当比特币上涨时，交易者通常会转向 Pepe 和 Dogwifhat 等 meme 币，因为它们的相对承受能力。