機會的幻想

索拉納（Solana）是高性能區塊鍊網絡以其速度和低交易成本而受到稱讚的網絡，已成為蓬勃發展的Memecoin Frenzy的中心。

Solana, the high-performance blockchain network known for its speed and low transaction costs, has become the epicenter of a booming memecoin frenzy. Million-dollar successes over night and massive rug pulls are part of the ecosystem's wild west style. But beneath the surface of this seemingly lucrative market lies a growing problem—one that makes fair participation nearly impossible for the average retail investor.

索拉納（Solana）是高性能區塊鍊網絡以其速度和低交易成本而聞名的，已成為蓬勃發展的成員瘋狂的中心。一夜之間，百萬美元的成功和大量的地毯拉力是生態系統野生西部風格的一部分。但是，在這個看似有利可圖的市場的表面之下是一個日益嚴重的問題，這使得普通零售投資者幾乎不可能進行公平參與。

At the heart of this issue are closed groups, commonly referred to as “trading cabals,” that have perfected the game. These exclusive networks have access to new token launches before the public, execute trades with near-perfect timing, and manipulate market sentiment to their advantage.

這個問題的核心是封閉的群體，通常稱為“交易陰道”，這些團體完善了遊戲。這些獨家網絡可以在公眾面前訪問新的代幣，並以幾乎完美的時機執行交易，並為他們的市場情緒操縱市場情緒。

For everyday traders, the experience is akin to arriving late to a marketplace where all the premium goods have already been taken by an insider group. What’s left? Overhyped coins, volatile swings, and the ever-present risk of becoming exit liquidity for whales.

對於日常交易者而言，這種體驗類似於到達遲到的市場，那裡的所有高級商品已經被一個內部人群採用。剩下什麼？誇大的硬幣，揮發性的鞦韆以及鯨魚流動性流動性的普遍風險。

As Solana’s memecoin sector grows, so do concerns about fairness, sustainability, and the true value being created (or destroyed). This article delves into the rise of trading cabals, the mechanics of memecoin pumps and dumps, and what this means for the future of retail investors in the Solana ecosystem.

隨著Solana的Memecoin部門的發展，人們對公平，可持續性和創造（或破壞）的真實價值的關注。本文深入研究了貿易陰道的興起，成有泵和垃圾場的機制，以及這對Solana生態系統中零售投資者的未來意味著什麼。

The Rise of Trading Cabals: How the Game is Rigged

貿易陰道的興起：遊戲如何操縱

In theory, crypto markets should be decentralized and open to all. However, in practice, Solana’s memecoin ecosystem is dominated by insider groups that control a disproportionate amount of trading volume and liquidity. These trading cabals operate through private Telegram and Discord groups, coordinating their moves to maximize profits at the expense of the broader market.

從理論上講，加密市場應分散並向所有人開放。但是，實際上，Solana的Memecoin生態系統由控制不成比例的交易量和流動性的內部人群主導。這些交易陰道通過私人電報和不和諧群體運作，協調他們的舉動以最大限度地利潤，而犧牲了更廣泛的市場。

How Do Trading Cabals Work?

貿易陰道如何工作？

This cycle repeats with each new wave of memecoins, ensuring that only the insiders consistently profit while newcomers suffer heavy losses.

這個週期在每一波新浪潮中都重複，以確保只有內部人會持續利潤，而新移民則遭受巨大的損失。

The Solana Memecoin Boom: Who’s Really Winning?

Solana Memecoin Boom：誰真正獲勝？

Despite the clear risks, Solana’s memecoin ecosystem has continued to attract massive trading volume. The appeal is obvious—memecoins like Bonk (BONK) and Dogwifhat (WIF) have delivered mind-blowing returns to some early investors. But behind the headlines, the data tells a different story:

儘管有明顯的風險，但Solana的Memecoin生態系統仍在繼續吸引大量交易量。上訴是顯而易見的 - 像Bonk（Bonk）和Dogwifhat（Wif）這樣的最終銷售已向一些早期的投資者帶來了令人震驚的回報。但是頭條新聞後面，數據講述了一個不同的故事：

For every successful memecoin, there are hundreds of failed projects, each leaving behind a trail of retail investors who bought at the

對於每一個成功的紀念物，都有數百個失敗的項目，每個項目都留下了一群零售投資者，他們在