Reduced Leverage Dampens Altcoin Trading as Meme Tokens Bear the Brunt

Meme 代币首当其冲，杠杆率降低抑制山寨币交易

The cryptocurrency market has undergone a noticeable shift this week, with a sell-off leading to a decline in the open interest-to-market cap ratio for many altcoins. This indicates reduced leverage and trading activity in the altcoin market, reflecting a growing sense of caution among investors.

加密货币市场本周发生了明显的变化，抛售导致许多山寨币的未平仓合约与市值比率下降。这表明山寨币市场的杠杆率和交易活动减少，反映出投资者日益谨慎。

Meme tokens, including Bonk (BONK), Dogwifhat (WIF), and Dogecoin (DOGE), have faced the brunt of the downturn, experiencing substantial declines in their market metrics.

Meme 代币，包括 Bonk (BONK)、Dogwifhat (WIF) 和 Dogecoin (DOGE)，在经济低迷中首当其冲，其市场指标大幅下滑。

Following this week's selloff, the open interest-to-market cap ratio has dropped for most altcoins, indicating lower leverage. Meme tokens, such as BONK, WIF, and DOGE, have seen the most pronounced declines.

在本周的抛售之后，大多数山寨币的未平仓合约与市值比率有所下降，表明杠杆率较低。 BONK、WIF 和 DOGE 等 Meme 代币的跌幅最为明显。

BONK Faces Bearish Momentum

BONK面临看跌势头

BONK (BONK) has experienced a 2.81% price drop in the last 24 hours, currently trading at $0.00003862. The token's market cap has fallen by 2.77%, now standing at $2.92 billion.

BONK (BONK) 的价格在过去 24 小时内下跌了 2.81%，目前交易价格为 0.00003862 美元。该代币的市值已下跌 2.77%，目前为 29.2 亿美元。