對沖基金湧入 Memecoin 尋求利潤飆升

受其飛漲的價格和可觀的利潤的吸引，對沖基金正在擁抱快速增長的模因幣行業。紐波特海灘對沖基金 Stratos 推出了基於 Dogwifhat memecoin 的流動基金，自 12 月以來，該基金的價值已顯著增長了 300 倍。儘管近期有所下滑，但 Dogwifhat 的成功推動 Stratos 在 2024 年第一季實現了 137% 的回報率，讓整個加密貨幣市場黯然失色。 Brevan Howard 和 Pantera Capital 等其他資產管理公司也涉足 memecoin 投資。

Hedge Funds Flock to Memecoins Amidst Surging Profits

獲利飆升，對沖基金紛紛湧向 Memecoin

The financial landscape is witnessing a seismic shift as the hedge fund industry embarks on a bold foray into the burgeoning memecoin sector. Lured by the allure of extraordinary profits that have eclipsed those generated by Bitcoin and other established cryptocurrencies, these investment behemoths are plunging into the uncharted waters of playful digital tokens.

隨著對沖基金產業開始大膽進軍新興的迷因幣領域，金融格局正發生翻天覆地的變化。受到超越比特幣和其他成熟加密貨幣的超額利潤的誘惑，這些投資巨頭正在投入有趣的數位代幣的未知領域。

Stratos Blazes the Trail

Stratos 開闢道路

Newport Beach-based hedge fund Stratos has taken the lead in this memecoin revolution. In December 2023, the firm established a liquid fund centered around the enigmatic Dogwifhat memecoin. Adorned with an adorable beanie-clad canine mascot, Dogwifhat has swiftly ascended to prominence within the virtual currency realm, its value soaring by an astonishing 300-fold on the Solana blockchain.

總部位於紐波特海灘的對沖基金 Stratos 在這場迷因幣革命中處於領先地位。 2023 年 12 月，該公司建立了一支以神秘的 Dogwifhat memecoin 為中心的流動基金。 Dogwifhat 飾有可愛的戴著無簷小便帽的狗狗吉祥物，在虛擬貨幣領域迅速崛起，其價值在 Solana 區塊鏈上驚人地飆升了 300 倍。

This meteoric rise played a pivotal role in propelling Stratos to a jaw-dropping 137% return in the first quarter of 2024. The fund's success dwarfed the gains witnessed across the broader crypto market, demonstrating the remarkable power of memecoins to generate outsized returns.

這種快速上漲在推動Stratos 在2024 年第一季實現令人驚嘆的137% 回報率方面發揮了關鍵作用。 。

Despite the recent correction that has seen Dogwifhat shed over 35% of its peak value, Stratos remains undeterred in its commitment to the memecoin sector. The token currently trades at a modest $3.09, down from its all-time high of $4.83 on March 31, 2024.

儘管最近的調整使 Dogwifhat 的價值下跌了超過峰值的 35%，但 Stratos 仍然沒有動搖對 memecoin 領域的承諾。該代幣目前的交易價格為 3.09 美元，低於 2024 年 3 月 31 日的歷史高點 4.83 美元。

Industry Giants Join the Fray

產業巨頭加入戰局

Stratos is not the only hedge fund seeking to capitalize on the memecoin craze. A growing number of industry peers are dipping their toes into these uncharted waters. Asset managers from Brevan Howard have reportedly made limited investments in memecoins, while crypto fund Pantera Capital has expressed its belief in the enduring nature and vast trading potential of these digital assets.

Stratos 並不是唯一一家尋求利用迷因幣熱潮的對沖基金。越來越多的業內同行正在嘗試涉足這些未知領域。據報道，Brevan Howard 的資產管理公司對 memecoin 進行了有限的投資，而加密基金 Pantera Capital 則表示相信這些數位資產的持久性和巨大的交易潛力。

However, the enthusiasm for memecoins is not universally shared. A significant portion of crypto participants remain skeptical, likening the current frenzy to the speculative excess witnessed in traditional markets with stocks such as GameStop. Quinn Thompson, the CEO of Lekker Capital, dismisses memecoins as hotbeds of speculation, characterized by risk-fueled, gambling-style trading.

然而，人們對模因幣的熱情並未得到普遍認可。加密貨幣參與者很大一部分仍然持懷疑態度，他們將當前的狂熱比作傳統市場上 GameStop 等股票的投機過度。 Lekker Capital 執行長 Quinn Thompson 認為迷因幣是投機的溫床，其特點是風險驅動的賭博式交易。

Memecoins Maturate into 'Culture Coins'

Memecoin 成熟為“文化硬幣”

Countering this skepticism, Cosmo Jiang, portfolio manager at Pantera Capital, identifies a growing maturity within the memecoin landscape. He argues that some memecoins have evolved into "culture coins," serving as symbols of affiliation with specific groups or ideological beliefs.

Pantera Capital 的投資組合經理 Cosmo Jiang 反駁了這種懷疑，指出模因幣領域日益成熟。他認為，一些迷因幣已經演變成“文化幣”，作為特定群體或意識形態信念的象徵。

This evolution has been facilitated by the advent of user-friendly apps like Pump.fun, which enable anyone to create new memecoins within minutes. A surge of these freshly minted tokens has flooded blockchains such as Solana and Coinbase's Base, which are known for their negligible trading fees.

Pump.fun 等用戶友好型應用程式的出現促進了這一演變，任何人都可以在幾分鐘內創建新的迷因幣。這些新鑄造的代幣激增，淹沒了 Solana 和 Coinbase 的 Base 等區塊鏈，這些區塊鏈以其微不足道的交易費用而聞名。

Infrastructure and Liquidity Expand

基礎設施和流動性擴大

Josh de Vos, research lead at CCData, highlights the burgeoning infrastructure surrounding memecoins, including enhanced liquidity and the emergence of sophisticated futures markets on centralized exchanges. This burgeoning infrastructure reinforces the legitimacy of memecoins and provides a foundation for their sustained growth.

CCData 研究主管 Josh de Vos 強調了圍繞 memecoin 的新興基礎設施，包括流動性的增強以及中心化​​交易所中複雜期貨市場的出現。這種蓬勃發展的基礎設施增強了迷因幣的合法性，並為其持續成長奠定了基礎。

As hedge funds continue to embrace memecoins, Rennick Palley of Stratos predicts an acceleration in the attention paid to these virtual assets. He draws parallels to the initial skepticism that greeted cryptocurrencies, which have since become a ubiquitous feature of the financial landscape.

Stratos 的 Rennick Palley 預測，隨著對沖基金繼續擁抱迷因幣，人們對這些虛擬資產的關注將會加速。他將加密貨幣最初的懷疑態度與加密貨幣相提並論，後來加密貨幣已成為金融領域的普遍特徵。

Memecoins Emerge as Profit Leaders

Memecoin 成為利潤領先者

A recent study by CoinGecko reveals the remarkable profitability of memecoins during the first quarter of 2024. These digital tokens emerged as the most lucrative cryptocurrencies, generating an average return of 1312.6% across their top tokens.

CoinGecko 最近的一項研究揭示了 memecoin 在 2024 年第一季的驚人獲利能力。

As an illustrative example of this astounding growth, Dogecoin, the largest memecoin by market capitalization, currently trades at $0.1616, representing a 5% gain over the past week and solidifying its status as a crypto heavyweight with a market value of $23 billion.

作為這一驚人增長的一個例證，狗狗幣是市值最大的 memecoin，目前交易價格為 0.1616 美元，較過去一周上漲 5%，鞏固了其作為市值 230 億美元的加密貨幣重量級人物的地位。

The hedge fund industry's embrace of memecoins represents a seismic shift in the financial landscape. As these influential investors pour capital into the sector, memecoins are poised to gain further legitimacy and play an increasingly prominent role in the global financial system. However, it remains to be seen whether the skepticism of some crypto participants will be validated or whether memecoins will continue to defy expectations and deliver extraordinary returns.

對沖基金產業對迷因幣的接受代表著金融格局的巨大轉變。隨著這些有影響力的投資者向該行業注入資金，模因幣有望獲得進一步的合法性，並在全球金融體系中發揮越來越重要的作用。然而，一些加密貨幣參與者的懷疑是否會得到證實，或者模因幣是否會繼續超出預期並帶來非凡的回報，還有待觀察。