The Bear Market's Impact on Memecoins

熊市对 Memecoin 的影响

The cryptocurrency market downturn has significantly impacted the niche of memecoins.

加密货币市场的低迷严重影响了模因币的利基市场。

The Block's GMCI index for memecoins indicates a reduction of 8.87% within the last 24 hours. Dogecoin, Shiba Inu, and Pepe, the top three assets by weight, have witnessed declines of 9.23%, 2.36%, and 13.87%, respectively.

The Block 的 memecoin GMCI 指数显示过去 24 小时内下跌了 8.87%。权重排名前三的狗狗币、柴犬和佩佩分别下跌了 9.23%、2.36% 和 13.87%。

Solana memecoins have also been severely affected, with a 16% decline in market capitalization over a single day.

Solana memecoin 也受到严重影响，市值单日下跌 16%。

According to a general partner at Cinneamhain Ventures, memecoins tend to be heavily impacted during market downturns.

Cinneamhain Ventures 的一位普通合伙人表示，在市场低迷时期，模因币往往会受到严重影响。

Adam Cochran on the X social media platform observed, "Pump Fun's graduation rate remains stagnant at around 1.4%, and no new entrants have surpassed the $20 million fully diluted valuation. Memecoins continue to be most vulnerable to market volatility, suggesting the phasing out of the meme cycle."

X 社交媒体平台上的 Adam Cochran 观察到，“Pump Fun 的毕业率仍然停滞在 1.4% 左右，并且没有新进入者超过 2000 万美元的完全摊薄估值。Memecoin 仍然最容易受到市场波动的影响，这表明 Memecoin 正在逐步退出模因循环。”

As of 5:00 p.m. ET (21:00 UTC) on August 5, Dogecoin, the leading memecoin by market capitalization, traded at $0.094.

截至下午 5:00美国东部时间（世界标准时间 21:00）8 月 5 日，市值领先的 memecoin 狗狗币的交易价格为 0.094 美元。