The MarketVector Meme Coin Index (MEMECOIN) has surged by over 137% since the beginning of 2024, continuing the upward trend of top memecoins.

自 2024 年初以来，MarketVector Meme 币指数（MEMECOIN）已飙升超过 137%，延续了顶级 meme 币的上升趋势。

MarketVector's memecoin index has outperformed the S&P 500 index by over 15 times this year. In contrast, the S&P has only experienced a 9.3% price appreciation year-to-date (YTD), according to TradingView data.

MarketVector 的 memecoin 指数今年的表现超过标准普尔 500 指数 15 倍以上。相比之下，根据 TradingView 的数据，标准普尔指数今年迄今 (YTD) 的价格仅上涨了 9.3%。

The memecoin index is up over 137% YTD and 186% over the past year, trading at $76.60 as of 8:52 am UTC.

Memecoin 指数年初至今上涨 137%，去年上涨 186%，截至 UTC 上午 8:52 交易价格为 76.60 美元。

MEMECOIN, year-to-date. Source: MarketVector

MEMECOIN，今年迄今。来源：MarketVector

MarketVector, a subsidiary of the United States asset management giant VanEck, launched its memecoin index on October 31, 2021. It includes the six largest memecoins: Dogecoin (DOGE) with a 30.7% allocation rate, Shiba Inu (SHIB) with a 28.3% allocation, 14.5% Pepe (PEPE), 12.5% Dogwifhat (WIF), 7.14% Floki Inu (FLOKI), and 6.7% Bonk (BONK) tokens.

美国资产管理巨头 VanEck 旗下的 MarketVector 于 2021 年 10 月 31 日推出了 memecoin 指数。该指数包括六种最大的 memecoin：狗狗币（DOGE），分配率为 30.7%，柴犬（SHIB），分配率为 28.3%分配，14.5% Pepe (PEPE)、12.5% Dogwifhat (WIF)、7.14% Floki Inu (FLOKI) 和 6.7% Bonk (BONK) 代币。

The "high risk, high return strategy" makes memecoins appealing to investors with a speculative nature and will likely maintain the relevance of top coins, according to Anndy Lian, intergovernmental blockchain expert and author of NFT: From Zero to Hero. Lian told Cointelegraph:

政府间区块链专家、《NFT：从零到英雄》一书的作者 Anndy Lian 表示，“高风险、高回报策略”使 memecoin 吸引了具有投机性质的投资者，并可能保持顶级货币的相关性。 Lian 告诉 Cointelegraph：

"This creates a viral effect that can lead to rapid price increases. Many investors are drawn to the potential for quick, high returns. Memecoins are known for their volatility, which can result in substantial gains for traders who time their investments correctly."

“这会产生病毒效应，导致价格快速上涨。许多投资者被快速、高回报的潜力所吸引。Memecoin 以其波动性而闻名，这可以为正确投资时机的交易者带来可观的收益。”

Examining the memecoin fund's individual components, Pepe has been the biggest gainer, rising 482% YTD, followed by Floki with a 372% increase and Shiba Inu with a 112% YTD gain, taking the third spot. Bonk has been the weakest performer, rising over 59% YTD, but still outperforming the S&P 500 by over sixfold.

从 memecoin 基金的各个组成部分来看，Pepe 涨幅最大，年初至今上涨 482%，其次是 Floki，今年迄今上涨 372%，Shiba Inu 年初至今上涨 112%，排名第三。 Bonk 是表现最差的股票，年初至今上涨了 59% 以上，但仍比标准普尔 500 指数高出六倍多。

Top 6 Memecoins, YTD, Source: TradingView

年初至今 6 大 Memecoin，来源：TradingView

Memecoins often provide exponential returns, even compared to some of the leading cryptocurrencies. In comparison to the memecoin index's 137% appreciation, the top altcoins excluding the 10 largest cryptocurrencies have only seen their market cap increase by 24% YTD.

即使与一些领先的加密货币相比，Memecoin 通常也会提供指数回报。与 memecoin 指数 137% 的升值相比，除 10 种最大的加密货币外，顶级山寨币的市值今年迄今仅增长了 24%。

Altcoin market cap excluding top 10. Source: TradingView

山寨币市值不包括前 10 名。来源：TradingView

Top altcoins experience weekly sell-off

顶级山寨币每周遭遇抛售

Despite the profitable yearly returns, the six largest memecoins have experienced a sell-off this week, raising concerns about a potential end to the memecoin season. Over the past five days, Dogwifhat has fallen over 15% as the biggest loser, while Pepe has declined by over 5% - the smallest decline among the top memecoins.

尽管年度回报​​丰厚，但六种最大的模因币本周经历了抛售，引发了人们对模因币季节可能结束的担忧。过去五天里，Dogwifhat 下跌超过 15%，成为最大跌幅，而 Pepe 下跌超过 5%，是顶级 memecoin 中跌幅最小的。

Top Memecoins, 5-day chart. Source: TradingView

顶级 Memecoin，5 天图表。来源：TradingView

As memecoins lack inherent utility, it is challenging for traders and technical analysts to predict their price action, which is primarily driven by social media hype cycles for each memecoin.

由于模因币缺乏固有的实用性，交易者和技术分析师很难预测其价格走势，这主要是由每种模因币的社交媒体炒作周期驱动的。

Trading volume is often used to gauge sentiment around memecoins. Weekly memecoin trading volume has been declining since early March across all blockchains, as reported by Cointelegraph.

交易量通常用于衡量模因币的情绪。据 Cointelegraph 报道，自 3 月初以来，所有区块链的每周 memecoin 交易量一直在下降。

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