Memecoin Market Suffers Steep Decline

Memecoin 市场急剧下滑

On December 10, prominent memecoins, including Dogecoin (DOGE), Shiba Inu (SHIB), and Dogwifhat (WIF), plummeted significantly, eroding gains from a recent rally fueled by Donald Trump's support. The downturn pushed the total market capitalization of crypto memecoins to a three-week low of $119.6 billion.

12 月 10 日，包括狗狗币 (DOGE)、柴犬币 (SHIB) 和 Dogwifhat (WIF) 在内的知名 memecoin 大幅下跌，侵蚀了近期因唐纳德·特朗普支持而上涨的涨幅。经济低迷将加密模因币的总市值推至三周低点 1196 亿美元。

Losses Impact Memecoin Valuations

损失影响 Memecoin 估值

Dogecoin experienced a 5.6% loss in 24 hours, while SHIB dropped 10.4%. In contrast, Pepe (PEPE) emerged as the only large-cap memecoin that gained, rising 1.7%. The daily trading volume of memecoins surged, indicating significant selling pressure.

狗狗币在 24 小时内下跌 5.6%，SHIB 下跌 10.4%。相比之下，Pepe (PEPE) 成为唯一上涨的大盘 memecoin，上涨 1.7%。 Memecoin 的每日交易量激增，表明抛售压力巨大。

Declines in Open Interest

未平仓合约下降

Open interest (OI) for crypto memecoins witnessed a decline, with Pnut (PNUT) leading the drop, shedding 30% in 24 hours. DOGE's OI fell over 20% to $3.1 billion, while WIF's OI decreased 27% to $519 million.

加密 memecoin 的未平仓合约 (OI) 出现下降，其中 Pnut (PNUT) 跌幅最大，24 小时内下跌 30%。 DOGE 的 OI 下降超过 20% 至 31 亿美元，而 WIF 的 OI 下降 27% 至 5.19 亿美元。

Mass Liquidations in Crypto Market

加密货币市场的大规模清算

The memecoin decline coincided with massive liquidations in the crypto market, with over $1.7 billion in leveraged positions liquidated in 24 hours. DOGE and SHIB faced the brunt, with $72.6 million and $22.35 million in long position liquidations, respectively. PEPE and WIF also experienced liquidations, albeit to a lesser extent. This liquidation event ranks as the largest since 2021, signifying a marked shift in the crypto market.

Memecoin 的下跌恰逢加密货币市场的大规模清算，24 小时内清算了超过 17 亿美元的杠杆头寸。 DOGE 和 SHIB 首当其冲，分别有 7260 万美元和 2235 万美元的多头头寸清算。 PEPE 和 WIF 也经历了清算，尽管程度较小。此次清算事件是 2021 年以来规模最大的一次，标志着加密货币市场发生了显着转变。

Predictions for December

十二月预测

Projections for memecoin prices in December 2024 suggest volatility. Dogecoin (DOGE) is expected to fluctuate between $0.37 and $0.78, while Shiba Inu (SHIB) and Dogwifhat (WIF) may experience similar variations due to their popularity and the appeal of novelty cryptocurrencies. However, experts advise caution, highlighting the susceptibility of these assets to market trends and external factors.

对 2024 年 12 月 memecoin 价格的预测表明存在波动。狗狗币 (DOGE) 预计将在 0.37 美元至 0.78 美元之间波动，而柴犬 (SHIB) 和 Dogwifhat (WIF) 由于其受欢迎程度和新颖加密货币的吸引力，可能会经历类似的变化。然而，专家建议谨慎行事，强调这些资产对市场趋势和外部因素的敏感性。

Caution Urged for Investors

投资者须谨慎

The recent decline in memecoin prices serves as a reminder of their inherent volatility. Forecasts for December 2024 remain uncertain, underscoring the need for caution in crypto investments. Investors are encouraged to remain informed and vigilant to navigate market fluctuations effectively.

最近模因币价格的下跌提醒人们其固有的波动性。对 2024 年 12 月的预测仍然不确定，这凸显了加密货币投资需要谨慎。我们鼓励投资者保持知情并保持警惕，以有效应对市场波动。