由於投資者似乎正在從投機性模因硬幣轉移，模因硬幣派對可能已經結束

Yzi Labs（區塊鏈投資公司）負責人Ella Zhang告訴Beincrypto，儘管社區主導的敘事最初提供了更公平的投資機會

Investors appear to be pivoting away from speculative meme coins and toward digital assets with robust foundations. This shift is evident in the declining market capitalization of meme coins, a trend that began in November 2024, as noted by YZi Labs, a blockchain investment firm.

投資者似乎正在從投機性模因硬幣轉向具有強大基礎的數字資產。正如區塊鏈投資公司Yzi Labs所指出的那樣，Meme Coins的市值下降，這一轉變是明顯的。

Ella Zhang, Head of YZi Labs, highlighted that while community-led narratives initially provided more equitable investment opportunities, their popularity has dwindled due to a lack of substantial underlying value.

Yzi Labs負責人Ella Zhang強調，儘管社區主導的敘事最初提供了更公平的投資機會，但由於缺乏實質性的基本價值，其知名度卻逐漸減少。

As the market matures, the initial attraction of meme coins is fading, Zhang stated. Investors are becoming increasingly selective, seeking projects that showcase real-world applications and long-term viability. They are interested in observing real value rather than viral trends.

張說，隨著市場的成熟，模因硬幣的最初吸引力正在褪色。投資者正在越來越選擇性，尋求展示現實世界應用和長期可行性的項目。他們有興趣觀察實際價值而不是病毒趨勢。

Meme coins, such as Dogecoin (DOGE) and Shiba Inu (SHIB), rose to prominence largely through viral internet culture and endorsements from well-known figures. However, recent analyses indicate a diminishing interest in these assets.

模因硬幣（例如Dogecoin（Doge）和Shiba Inu（Shib））在很大程度上通過病毒互聯網文化和知名人物的認可而引起了人們的關注。但是，最近的分析表明對這些資產的興趣減少。

According to YZi Labs, meme coin market capitalization has been steadily declining since November 2024. This shift might be attributed to regulatory bodies clarifying their stance on meme coins. For instance, the US Securities and Exchange Commission (SEC) recently stated that meme coins will not be considered securities.

根據Yzi Labs的說法，自2024年11月以來，Meme Coin市值一直在穩步下降。這種轉變可能歸因於監管機構，闡明了他們對模因硬幣的立場。例如，美國證券交易委員會（SEC）最近表示，模因硬幣將不被視為證券。

While this removes some regulatory uncertainty, it also underscores the inherent risks of meme coins, prompting investors to shift towards more regulated and stable assets in their portfolios.

儘管這消除了某些監管不確定性，但它也強調了模因硬幣的固有風險，促使投資者朝著其投資組合中的更具監管和穩定的資產轉向。

The Short, Brutal Life of a Meme Coin

模因硬幣的短暫而殘酷的生活

Zhang views the success of meme coins as a passing fad. She adds that while 40,000 to 50,000 crypto tokens are created daily, the average lifespan of a liquid meme coin is a mere 1.3 hours, and only about 5% of them manage to achieve a market cap exceeding $10 million.

張將模因硬幣的成功視為流行時尚。她補充說，儘管每天創建40,000至50,000個加密代幣，但液體模因硬幣的平均壽命僅為1.3小時，只有約5％的人能夠達到超過1000萬美元的市值。

“This isn’t to say there aren’t any good meme coins but without fundamentals, sustaining value is nearly impossible. For any asset to grow in the long term, it needs one or multiple underlying services, businesses, products, technologies, or innovations to fuel the price.”

“這並不是說沒有任何好的模因硬幣，但是沒有基本面，幾乎不可能維持價值。為了長期增長任何資產，它都需要一項或多種基礎服務，企業，產品，技術或創新來推動價格。”

The diminishing interest in meme coins appears to reflect a broader maturing sentiment within the cryptocurrency market. For instance, Pump.fun, the popular memecoin launchpad hosted on Solana, has seen better days recently.

對模因硬幣的興趣減少似乎反映了加密貨幣市場中更廣泛的成熟情緒。例如，在Solana上託管的受歡迎的Memecoin Launchpad Pump.Fun最近已經過了更好的日子。

Fewer meme coins launched on the site are surviving, and token graduation is at its lowest. This indicates that the new wave of meme coins is struggling to gain traction compared to previous batches.

該網站上推出的模因硬幣較少，而代幣畢業最低。這表明與以前的批次相比，新的模因硬幣浪潮正在努力獲得牽引力。