模因硬幣：風險加密趨勢的最終指南

模因硬幣已從互聯網笑話發展為數十億美元的資產，從休閒投資者到主要金融機構和現任美國總裁都吸引了所有人。

Meme coins, a class of cryptocurrencies inspired by internet memes and viral trends, have captivated the attention of traders, ranging from casual investors to major financial institutions. These assets, often lacking intrinsic value or utility, have soared and crashed dramatically, attracting scrutiny from authorities over their potential to facilitate fraud.

模因硬幣是受互聯網模因和病毒趨勢啟發的一類加密貨幣，吸引了交易者的注意力，從休閒投資者到主要金融機構。這些經常缺乏內在價值或實用性的資產猛增和崩潰，在當局審查其促進欺詐方面的審查。

Anwar Sheluchin, a doctoral candidate at McMaster University who studies financial governance and digital currencies, highlighted the speculative nature of meme coins in an interview with Investopedia.

研究金融治理和數字貨幣的麥克馬斯特大學博士候選人安瓦爾·謝魯欽（Anwar Sheluchin）在接受Investopedia的採訪時強調了Meme Coins的投機性質。

"Meme coins are still inspired by internet culture and trends and supported by online communities [and] hype cycles," Sheluchin said. But "the hype around them seems to operate in shorter time frames than before."

Sheluchin說：“模因硬幣仍然受到互聯網文化和趨勢的啟發，並得到在線社區的支持[和]炒作週期。”但是“周圍的炒作似乎比以前更短的時間範圍。”

Sheluchin noted that many coins, such as the one inspired by the so-called "Hawk Tuah girl" and her 2024 viral fame, "had prices rise and plummet within hours"—not days or weeks.

Sheluchin指出，許多硬幣，例如受到所謂的“霍克·圖阿（Hawk Tuah Girl）”的啟發的硬幣和她2024年的病毒名聲，“價格上漲了幾個小時內”，而不是幾天或幾週。

Meme coins, initially conceived as playful parodies, have gained traction due to speculative interest, with Dogecoin (DOGE) leading the way. While some, like Shiba Inu (SHIB) and Floki Inu (FLOKI), have garnered strong followings, the vast majority have not.

模因硬幣最初被認為是嬉戲的模仿，由於投機性的興趣而引起了人們的關注，而Dogecoin（Doge）領先。雖然有些人，例如shiba inu（shib）和floki inu（floki），卻獲得了強大的追隨者，但絕大多數人卻沒有。

For instance, days before his inauguration in January 2025, President Donald Trump released a $TRUMP token, marketing it as an "expression of support" for his views. The token's price surged more than 200% before crashing to below its offering price in a matter of days. This rollercoaster pattern is the rule, not the exception, for meme coins.

例如，在2025年1月的就職典禮之前的幾天，唐納德·特朗普總統發布了一個$特朗普的代幣，以對其觀點的“表達支持”進行營銷。代幣的價格飆升了200％以上，然後在幾天之內墜毀至低於其發行價格。這種過山車模式是模因硬幣的規則，而不是例外。

Authorities have flagged major criminal risks associated with meme coins. In October 2024, U.S. authorities charged 18 individuals and major crypto firms with various frauds against everyday investors. These schemes depended on central players in the sector—so-called "market makers"—who artificially inflated trading volumes and prices through wash trades to create fake transactions and suggest more buyer interest for unsuspecting investors.

當局已經標記了與模因硬幣相關的主要犯罪風險。 2024年10月，美國當局指控18個人和主要加密公司對日常投資者進行各種欺詐。這些計劃取決於該行業中的中心參與者（如此稱呼的“做市商”），他們通過WASH交易來人為地膨脹交易量和價格，以創建假交易，並提出更多的買家利益，以備受戒心的投資者。

"The 2024 charges are a stark reminder of how vigilant online investors must be and that doing your homework before diving into the digital frontier is critical," said Acting U.S. Attorney Joshua Levy. "People considering making investments in the cryptocurrency industry should understand how these scams work so that they can protect themselves.”

代理美國檢察官約書亞·利維（Joshua Levy）說：“ 2024年的指控清楚地提醒了在線投資者必須保持警惕，並且在潛入數字前沿之前進行作業至關重要。” “考慮在加密貨幣行業進行投資的人們應該了解這些騙局的工作原理，以便他們可以保護自己。”

One defendant in the October 2024 crypto fraud case unwittingly messaged undercover investigators that he and his cohort's "objective on the secondary markets" (where everyday traders buy their meme coins) was to find "other buyers from the community, people you don't know about or don't care about" because "we have to make [the other buyers] lose money in order to make [a] profit."

一名被告在2024年10月的加密欺詐案中不知不覺地向臥底調查人員發出的，他和他的同伙的“二級市場的目標”（日常交易者在這裡購買模因硬幣）是找到“來自社區的其他買家，您不知道的人，大約或不在乎“因為”，我們必須讓（其他買家）損失錢才能賺取利潤。”

Other well-known hazards of putting your money into these coins include:

將您的錢投入這些硬幣的其他眾所周知的危害包括：

The Bottom Line

底線

Traders should approach meme coins with extreme caution, more akin to gambling and entertainment than an investment for your portfolio. "The speculative nature of meme coins, combined with their susceptibility to fraud (pump-and-dump schemes)," Sheluchin said, "poses significant risks to retail investors, especially those who are inexperienced."

交易者應該非常謹慎地接觸模因硬幣，更類似於賭博和娛樂，而不是投資組合的投資。 Sheluchin說：“模因硬幣的投機性質，加上它們對欺詐的易感性（泵送計劃），對散戶投資者（尤其是那些沒有經驗的人）構成了重大風險。”