在“ Libragate”之後，Memecoin價格崩潰了，但他們還沒有死

在“ Libragate”之後，Memecoin價格崩潰了，其市值比2025年的高點下降了近60％。

Following "Libragate," memecoin prices crashed, falling nearly 60% from 2025 highs and slashing the market cap by $47.9 billion.

在“ Libragate”之後，Memecoin價格崩潰了，從2025年的高點下降了近60％，並將市值削減了479億美元。

Despite the chaos, meme tokens still exist, and degens are "buying the dip."

儘管有混亂，但仍然存在模因令牌，而Degens“購買了蘸醬”。

But what began as a joke has evolved into something more complex, blending financial insanity and internet culture.

但是，開玩笑開始的事情已經演變成更複雜，融合財務精神錯亂和互聯網文化的事物。

The good times had to end eventually. Following the memecoin madness of early 2025, prices have taken a hit, slashing the market cap by 60%.

美好時光最終必須結束。在2025年初的Memecoin瘋狂之後，價格受到打擊，將市值削減了60％。

From highs of $125 billion, the memecoin market cap now stands at $47.9 billion, as of March 10. It’s not exactly spare change.

截至3月10日，Memecoin市值從1,250億美元的高潮開始，現在為479億美元。這並不是完全零錢。

The fibs have been told, the hype men have hyped, and the banter has reached critical levels. After the "biggest crypto scam in history" and "billions lost in a rug pull," we're left with a familiar tale: Degens are still "buying the dip" like it's a Black Friday sale, convinced that absurdly named tokens like Unicorn Fart Dust, Fartcoin and Buttcoin will print them a 100x profit before year's end.

菲布已經被告知，炒作人已經炒作了，開玩笑達到了關鍵水平。在“歷史上最大的加密騙局”和“數十億美元的拉力拖拉”之後，我們剩下一個熟悉的故事：DeGens仍然像黑色星​​期五的銷售一樣“購買蘸醬”，堅信，像Unicorn Fart Dust，Fartcoin，Fartcoin和Buttcoin一樣，荒謬的命名為代幣會在年底之前將其打印出100X利潤。

Some call it irrational. Others call it degeneracy. But when has that ever stopped anyone in crypto?

有人稱其為非理性。其他人稱其為墮落。但是什麼時候阻止了加密貨幣的任何人？

While Bitcoin, Ether and Solana might be grabbing headlines, memecoins have been getting absolutely obliterated. Prices have tanked, liquidity has dried up, and traders who thought they'd be sipping cocktails on a yacht by now are busy coping in Telegram groups.

雖然比特幣，以太和索拉納可能會抓住頭條新聞，但成員卻越來越徹底了。價格已經下降了，流動性枯竭了，現在認為他們在遊艇上喝雞尾酒的交易者正忙於在電報組中應對。

Don't get us wrong; we're not saying it's impossible for memecoins to stage a comeback. They've pulled off worse feats.

不要誤會我們的意思；我們並不是說Memecoins不可能捲土重來。他們實現了更糟糕的壯舉。

After all, logic has never been crypto's strong suit. If it were, we wouldn't have seen billion-dollar valuations for fart-themed tokens in the first place. And if human nature tells us anything, it's that people will always chase the next big hype cycle — especially when it comes wrapped in humor and the promise of overnight riches.

畢竟，邏輯從來都不是加密貨幣的強項。如果是這樣，我們就不會首先看到十億美元的估值。如果人性告訴我們任何事情，那就是人們總是會追逐下一個大炒作週期，尤其是當它包裹在幽默和過夜財富的希望中。

Memecoins are down bad right now. But dead? Not a chance. The moment another ridiculous trend takes hold, the money will come flooding back. Because in crypto, what goes down eventually goes way back up — often in the most unexpected, meme-fueled ways.

Memecoins現在不好。但是死了？沒有機會。另一個荒謬的趨勢消失的那一刻，這筆錢將湧入洪水。因為在加密貨幣中，下降最終會恢復 - 通常是以最出乎意料的模因燃料方式。

Memecoins vs. serious crypto projects

Memecoins與嚴重加密項目

Forget white papers, roadmaps or security audits. Memecoins don't need any of that. All it takes is a viral meme on X, a 10-minute token launch, and within a few weeks, it could be sitting at a $50-million market cap.

忘記白皮書，路線圖或安全審核。 Memecoins不需要任何東西。它只需要在X上進行病毒模因，即10分鐘的代幣發布，幾週後，它可能會達到5000萬美元的市場上限。

Meanwhile, legitimate projects spend years developing products, hiring developers and raising funds, only to watch their tokens struggle to gain traction.

同時，合法的項目花費數年的時間開發產品，僱用開發人員並籌集資金，只是看著他們的代幣努力獲得吸引力。

For memecoins, community is everything. The bigger it is, the better the pump. It's not just the kind that retweets project updates 10 times daily but one that fully embraces the joke. These communities don't just speculate — they believe. And when enough people buy the meme, the token pumps.

對於Memecoins來說，社區就是一切。它越大，泵就越好。這不僅是轉發項目每天更新10次的那種，而且還完全包含了笑話。這些社區不僅猜測 - 他們相信。當足夠多的人購買模因時，令牌泵。

Shiba Inu built a cult following as the so-called Dogecoin killer. It never killed DOGE, but it evolved into a $9-billion token with its own blockchain.

Shiba Inu成為了所謂的Dogecoin殺手。它從未殺死道路，但用自己的區塊鏈演變為90億美元的令牌。

Others took an even weirder approach. Fartcoin turned flatulence into finance. Unicorn Fart Dust captured the magic of completely nonsensical branding. And Buttcoin, a 2013 meme mocking Bitcoin, made a comeback to troll the entire industry.

其他人採取了更奇怪的方法。 Fartcoin將腸胃氣脹變成金融。 Unicorn Fart Dust捕捉了完全荒謬的品牌的魔力。 2013年模因嘲笑比特幣的ButtCoin捲土重來，以巨魔整個行業。

The formula is obvious: The more absurd the name, the bigger the hype. Sometimes, "it's funny" is the only investment thesis you need.

公式很明顯：名稱越荒謬，炒作越大。有時，“很有趣”是您需要的唯一投資論文。

Sure, the recent crash wiped out some gains, but let's not act like memecoins vanished. They didn't go to zero, which, in crypto terms, makes them survivors. A strong community, relentless memes and top-tier shitposting can keep even the most ridiculous assets alive.

當然，最近的墜機事件消除了一些收益，但讓我們不要像Memecoins一樣消失。他們沒有進入零，用加密貨幣來說，這使他們成為倖存者。一個強大的社區，無情的模因和頂尖的雜物可以使最荒謬的資產保持活力。

Memecoins vs. traditional finance

紀念因素與傳統金融

People are investing money in Dogecoin instead of Apple stock, and for good reason. Well, sort of.

人們正在將錢投資於Dogecoin而不是蘋果股票，這是有充分理由的。好吧，有點。

Crypto has become the go-to escape hatch for those fed up with traditional finance. Banks freeze accounts. Regulators add more red tape. Insider trading runs rampant.

加密已成為那些受夠厭倦了傳統金融的人的首選逃生艙口。銀行凍結帳戶。監管機構添加更多繁文tape節。內幕交易猖ramp。

Memecoins, on the other hand, are a free-for-all, where anyone can win big or lose everything. No middlemen. No rules. Just vibes.

另一方面，Memecoins是一個免費的全部，任何人都可以贏得勝利或失去一切。沒有中間商。沒有規則。只是共鳴。

The same Buttcoin proves that people will pump anything just for fun. What started as a joke now has a dedicated community trying to make it the next Bitcoin. It's complete insanity, which is precisely why it works.

同樣的對接幣證明人們會為了娛樂而抽任何東西。最初的笑話現在有一個敬業的社區試圖使其成為下一個比特幣。這是完全精神錯亂的，這正是它起作用的原因。

If the world has gone mad, why not profit from the chaos?

如果世界生氣了，為什麼不從混亂中獲利呢？

As financial markets become more centralized, restrictive and controlled, memecoins offer an anarchic alternative. They represent the financial Wild West

隨著金融市場變得更加集中，限制性和受控，Memecoins提供了無政府狀態的替代方案。他們代表金融野生西部