模因硬幣主題的結尾？

自去年年初以來一直領導硬幣市場的Memecoin最近繼續削弱，其市值在一個月內蒸發了一半以上。

The total cryptocurrency market capitalization dropped by $100 billion in a week to $900 billion, marking its lowest point since February, according to CoinMarketCap data on Thursday afternoon.

根據CoinMarketCap週四下午的數據，一周中的加密貨幣市值總計下降了1000億美元至9000億美元，標誌著其自2月以來的最低點。

The downturn in the meme coin sector, which had been a highlight of the market earlier in the year, contributed significantly to the decline. The meme coin market capitalization decreased by 51.30% to $57.3 billion, contrasting sharply with the $117.6 billion reported last month following the launch of "Official Trump."

在今年早些時候曾是市場的亮點，模因硬幣行業的低迷助長了這一下降。模因硬幣市值下降了51.30％，至573億美元，與上個月“官方特朗普”上個月報導的1176億美元形成鮮明對比。

The major meme coins also experienced a decline, with Dogecoin decreasing by 48.0%, Pepe by 54.4%, and Official Trump by 82.8% over the same period.

主要的模因硬幣也有所下降，狗狗蛋白在同一時期下降了48.0％，PEPE下降了54.4％，特朗普官方的官方特朗普下降了82.8％。

The meme coins had enjoyed immense popularity, especially in the final quarter of last year, as the U.S. Securities and Exchange Commission (SEC) was less likely to intervene due to the coins' lack of purpose or use, rendering them less susceptible to legal issues. They also quickly adapted to reflect the latest online trends.

模因硬幣享有極大的知名度，尤其是在去年的最後一個季度，因為由於硬幣缺乏目的或使用，美國證券交易委員會（SEC）的干預可能性較小，因此使它們不易對法律問題敏感。他們還迅速適應了最新的在線趨勢。

The market sentiment shifted following the launch of President Donald Trump's meme coin, "Official Trump," on the 17th of last month. The coin's capitalization exceeded 20 trillion won shortly after its listing.

上個月17日，唐納德·特朗普（Donald Trump）總統的模因硬幣“官方特朗普”發起後，市場情緒發生了變化。硬幣的資本化在上市後不久就超過了20萬億韓元。

As reported by Tiger Research, "Memcoin is emerging as a key trading item for virtual asset exchanges in speculative assets, driving changes in the flow of funds in the market along with a large inflow of liquidity."

據Tiger Research報導，“ Memcoin正在成為投機資產虛擬資產交換的關鍵交易項目，推動了市場資金流以及大量流動性的變化。”

Following the success of the official Trump coin, the first lady 'Melania Meme' coin also appeared. On the 14th, 'Libra,' an Argentine president Javier Milay meme coin, and 'Argentina's Trump' also made their debut.

在官方特朗普硬幣的成功之後，第一夫人的《梅拉尼亞模因》也出現了。 14日，阿根廷總統哈維爾·米萊·梅米·幣和“阿根廷的特朗普”也首次亮相。

However, these coins deviated from the original essence of meme coins. The meme coins were typically released with the same initial price, and the foundation, holding no more than 80% of the distribution volume, aimed not to affect the price.

但是，這些硬幣偏離了模因硬幣的原始本質。模因硬幣通常以相同的初始價格釋放，並且基金會持有不超過分銷量的80％，旨在不影響價格。

In contrast, Trump MemeCoin bought back 80% of the volume immediately after the issuance, and Trump later announced on his social network (SNS) that "This is the official Trump meme coin."

相比之下，特朗普·梅肯（Trump Memecoin）在發行後立即收回了80％的數量，特朗普隨後在他的社交網絡（SNS）上宣布“這是官方的特朗普模因硬幣”。

MemeCoin received attention for purely inheriting the spirit of Bitcoin in opposition to centralized capital, as highlighted by Kim Min-seung, head of the Covit Research Center. However, he noted that the ecosystem has cooled rapidly as the culture was distorted by Trump and Milay MemeCoin.

Memecoin純粹是在反對集中資本的純粹繼承了比特幣精神的關注，正如Covit Research Center負責人Kim Min-Seung所強調的那樣。但是，他指出，隨著特朗普和米萊·梅肯（Milay Memecoin）扭曲文化的扭曲，生態系統迅速冷卻。

Another pressing issue arose from North Korean hackers who recently hacked Bibit, the world's second-largest exchange by transaction volume, to launder money using the meme coin "Jinxi Huang."

另一個緊迫的問題來自朝鮮黑客，他們最近用Meme Coin“ Jinxi Huang”攻擊了Bibit，Bibit是全球第二大交易量的Bibit。

According to blockchain analyst ZachXBT, Lazarus issued about 500,000 Qin Shihuang coins at Pumpfun, a Solana-based meme coin trading platform.

根據區塊鏈分析師Zachxbt的說法，Lazarus在總部位於Solana的Meme Coin Coin Trupping Platform Pumpfun發行了約500,000次Shihuang Coins。

The trading volume of Qin Shi Huang quickly increased to $26 million within three hours of the issuance, attributed by analysts to Lazarus's actions to launder money.

分析師歸因於拉撒路（Lazarus）對洗錢的行為，秦施的交易量迅速增加到2600萬美元。

Following the news, Solana removed the Qin Shi Huang coin from Pumpfun. Currently, only similar meme coins are traded at Pumpfun, not the ginxihuang coins issued by Lazarus.

新聞後，索拉納（Solana）從pumpfun刪除了Qin Shi Huang Coin。目前，只有類似的模因硬幣是在Pumpfun進行的，而不是Lazarus發行的Ginxihuang硬幣。

Amid this situation, some predict the end of the meme coin trend. Matt Hogan, Chief Investment Officer (CIO) of Bitcoin spot ETF issuer Bitwise, expressed his view that there are enough assets to replace meme coins, such as Bitcoin, stablecoins, and real-linked assets (RWA). He predicts the end of meme coins is in sight in the virtual asset market.

在這種情況下，有些人預測了模因硬幣趨勢的終結。比特幣現場ETF發行人Bitwise的首席投資官（CIO）Matt Hogan表示，他認為有足夠的資產來取代模因硬幣，例如比特幣，Stablecoins和Realind-Chind-Chine-clinceed Assets（RWA）。他預測，在虛擬資產市場中，模因硬幣的結束已經存在。

MemeCoin is growing based on abundant market liquidity, but it is also a problem that the virtual asset market continues to weaken. As of 3 p.m., Bitcoin is trading at $85,801, down 3.31% from the previous day. Bitcoin has fallen 10.86% in the last three days.

Memecoin基於大量市場流動性而增長，但這也是虛擬資產市場繼續削弱的問題。截至下午3點，比特幣的交易價格為85,801美元，比前一天下降了3.31％。在過去三天中，比特幣下跌了10.86％。