泵上的Memecoin熱潮似乎已經用光了

泵上的Memecoin熱潮似乎已經用完了，該平台的代幣生存率連續第四周暴跌了1％。

The memecoin craze on Pump.fun seems to be fizzling out, with the platform’s token survival rate dropping below 1% for a fourth consecutive week.

Fum.Fun上的Memecoin熱潮似乎正在消失，該平台連續第四周，該平台的代幣生存率下降了1％。

According to data from Dune Analytics, Pump.fun’s so-called ‘graduation rate’ – the percentage of tokens that successfully transition from the incubation phase to full tradability on a Solana decentralized exchange (DEX) – has dropped to record lows.

根據Dune Analytics的數據，Pump.Fun所謂的“畢業率”（成功地從孵化階段過渡到完全可交易性的代幣的百分比已經下降到記錄低點。

To graduate, a token must meet specific liquidity and trading benchmarks, which vary depending on the total value locked (TVL) in the Solana ecosystem. Since February 17, this rate has remained below 1%, marking the first time in the platform’s history that its success rate has been this bleak over an extended period.

要畢業，代幣必須符合特定的流動性和交易基準，根據Solana生態系統中鎖定的總價值（TVL），它們的不同。自2月17日以來，這種速度一直保持在1％以下，這標誌著該平台歷史上的第一次成功率是長時間的這種黯淡。

Historically, Pump.fun’s graduation rate was never particularly high. It peaked at just 1.67% in November 11, 2024. However, at the time, the sheer volume of tokens launched meant thousands still made it to market. During that week alone, 323,000 tokens were created, with approximately 5,400 successfully graduating into the Solana DeFi ecosystem.

從歷史上看，Pump.Fun的畢業率從來都不是特別高。它在2024年11月11日達到了1.67％的峰值。但是，當時，發射的代幣量的龐大意味著數千人仍在市場上。僅在那一周中，創建了323,000個令牌，大約有5,400個成功畢業於Solana Defi生態系統。

[TECH] REPORT | MemeCoin Creation Platform, https://t.co/fMWoaORGuI, Collected $525,000 in Average Daily Fees, Says Solana Q2 2024 Report: Solanas DeFi TVL fell by 9% QoQ to $4.5 billion, ranking it fourth among networks i.. https://t.co/OyX31nhtpO via @BitcoinKE

[技術]報告| Memecoin創建平台，https：//t.co/fmwoaorgui，收取了525,000美元的平均每日費用，Solana Q2 2024報告：Solanas Defi TVL下跌了9％QOQ至45億美元，在網絡I .. Https://t.co/oyx31n的網絡中排名第四

— Top Kenyan Blogs (@Blogs_Kenya, July 24, 2024

- 肯尼亞頂級博客（@blogs_kenya，2024年7月24日

Declining Interest and Market Challenges

興趣和市場挑戰下降

However, with a decline in token creation on both Pump.fun and Solana, weekly token graduations have averaged just 1,500 in the past month.

但是，隨著泵和索拉納（Fum.Fun）和索拉納（Solana）的代幣創建下降，在過去一個月中，每週的代幣畢業僅1,500次。

This sharp drop reflects the weakening enthusiasm for memecoins, which are increasingly viewed as speculative lottery tickets or opportunistic cash grabs by their creators. Even politically-affiliated tokens have been hit hard. A memecoin associated with former U.S. President Donald Trump has lost 84% of its value since its January 19 peak, according to data from CoinGecko.

這種急劇的下降反映了對成年人的熱情，越來越多地將其視為投機性的彩票票或創作者的機會主義現金。即使是政治上的令牌也受到了重大打擊。根據Coingecko的數據，與美國前總統唐納德·特朗普（Donald Trump）相關的一家紀念物已經損失了其價值的84％。

The downturn in the memecoin market continues despite broader macroeconomic factors that could have provided support. In February, Matrixport analysts linked Bitcoin’s struggles to a stronger U.S. dollar, which had tightened liquidity.

儘管宏觀經濟因素可以提供支持，但Memecoin市場的低迷仍在繼續。 2月，Matrixport分析師將比特幣的掙扎與更強大的美元聯繫起來，這加劇了流動性。

Since late February, the U.S. Dollar Index (DXY) has weakened, dropping from a high of 107.61 to 103.95 in mid-March. However, despite this shift, memecoins – one of the strongest narratives of the bull market – show little sign of recovery.

自2月下旬以來，美元指數（DXY）削弱了，從3月中旬的107.61下降到103.95。然而，儘管發生了這種轉變，但Memecoins（牛市中最強的敘述之一）幾乎沒有恢復的跡象。

“The U.S. dollar has recently weakened, leading to a rebound in liquidity indicators and some marginal improvements in inflation data. Yet, memecoins are still struggling heavily, with no sign of recovery yet,” Matrixport noted in a recent report.

“美元最近削弱了，導致流動性指標的反彈和通貨膨脹數據的邊緣改善。然而，Memecoins仍在掙扎，還沒有恢復的跡象。” Matrixport在最近的一份報告中指出。