Mem Coin Supercycle在2個月內市值下降46％，而超級循環崩潰

一旦被猜測和炒作加油，現在所謂的“模因硬幣超級循環”似乎正在瓦解。

The meme coin market has seen massive downturn, with total market cap plummeting by 46% in two months.

模因硬幣市場的衰退巨大，在兩個月內，總市值下降了46％。

Once fueled by speculation and hype, the so-called “meme coin supercycle” now appears to be unraveling.

一旦被猜測和炒作加油，現在所謂的“模因硬幣超級循環”似乎正在瓦解。

During the same period, the broader crypto market also faced significant losses, shedding 10% of its total market cap.

在同一時期，更廣泛的加密貨幣市場也面臨著巨大的損失，佔其總市值的10％。

Here's a closer look at the key developments:

這是對關鍵發展的仔細研究：

- Meme Coin Market Suffers

- 模因硬幣市場受苦

According to CoinMarketCap, the total market cap of meme coins has plunged from $137 billion to $74 billion in just two months, returning to levels last seen in November 2024.

根據CoinMarketCap的數據，Meme Coins的總市值從短短兩個月內從1370億美元跌至740億美元，恢復到2024年11月出現的水平。

Trading volumes have also declined sharply, dropping by 29% in the same period. These market movements have led many to question the legitimacy of the meme coin supercycle.

交易量也急劇下降，同一時期下降了29％。這些市場變動使許多人質疑模因硬幣超級循環的合法性。

“Meme coin supercycle” is the biggest bullshit I’ve ever heard,” weRate’s co-founder Quinten Francois wrote on X (Formerly Twitter)

“模因硬幣超級循環”是我聽說過的最大胡說八道，”沃爾特的聯合創始人Quinten Francois在X（以前是Twitter）上寫道

Similarly, another crypto influencer, IcedKnife, labeled the entire meme coin rally as a scam, reinforcing the growing skepticism.

同樣，另一個加密影響者伊塞克（Iceknife）將整個模因硬幣集會標記為騙局，從而加劇了日益增長的懷疑。

Notably, even over the past week, the top 10 meme coins have posted double-digit losses. Official Trump (TRUMP) and Pudgy Penguins (PENGU) suffered the steepest declines, according to CoinGecko.

值得注意的是，即使在過去的一周中，前10個模因硬幣也遭受了兩位數的損失。據Coingecko稱，官方特朗普（特朗普）和矮胖的企鵝（彭瓜）的下降幅度最高。

The sell-off intensified on Monday when President Donald Trump imposed tariffs on Canada, Mexico, and China. This triggered the worst liquidation event in history. Total liquidations exceeded $2 billion, with all major crypto assets recording losses.

週一，當唐納德·特朗普總統對加拿大，墨西哥和中國征收關稅時，拋售加劇。這引發了歷史上最嚴重的清算事件。總清算超過20億美元，所有主要加密資產記錄損失。

That's not all. According to the estimates from Bybit’s CEO, crypto liquidations could have totaled between $8 billion and $10 billion.

那不是全部。根據BYBIT首席執行官的估計，加密貨幣清算可能在80億至100億美元之間。

This liquidity crunch further shook investor confidence in meme coins. Crypto analyst Kale Abe suggested that after significant liquidations, interest in new meme coin launches would likely decline.

這種流動性緊縮進一步震驚了投資者對模因硬幣的信心。加密分析師Abe Abe建議，經過大量清算，對新模因硬幣發射的興趣可能會下降。

“After $10 billion in liquidations, NO ONE is gonna buy new meme coin launches. We are stuck with existing coins and those existing coins are down 90%,” Abe posted on X.

“經過100億美元的清算，沒有人會購買新的模因硬幣。我們被現有的硬幣困住了，現有硬幣下降了90％。”

However, some remained optimistic. Meme coin investor and analyst Murad expressed optimism despite the market downturn.

但是，有些仍然樂觀。儘管市場低迷，但Meme Coin投資者和分析師Murad表示樂觀。

“Buckle up, the best year of your life is coming,” Murad stated.

穆拉德說：“係好，您一生中最好的一年來了。”

This followed the Monday wipeout, when his portfolio dropped by 26%, according to Arkham Intelligence.

根據阿卡姆情報局的說法，這是在星期一的消滅之後，當時他的投資組合下降了26％。

Later, a diplomatic breakthrough helped the market recover. The Mexican President and the Canadian Prime Minister reached an agreement with President Trump to postpone a potential trade war.

後來，外交突破有助於市場恢復。墨西哥總統和加拿大總理與特朗普總統達成了一項協議，以推遲潛在的貿易戰。

This news triggered a sharp market-wide recovery. Bitcoin (BTC) surged back above $100,000.

該消息引發了整個市場的急劇恢復。比特幣（BTC）飆升至100,000美元以上。

Moreover, meme coins also saw a resurgence. According to CoinGecko, their total market cap appreciated by just over 4%.

此外，Meme硬幣還看到了一個複興。據Coingecko稱，他們的總市值剛剛超過4％。

The top 10 meme coins rallied by double digits, except TRUMP. Floki (FLOKI), Pengu, and Dogecoin (DOGE) emerged as the biggest gainers in the past 24 hours.

除特朗普以外，十大模因硬幣以雙位數字集結。 Floki（Floki），Pengu和Dogecoin（Doge）在過去24小時內成為最大的漲幅。