Memecoins死了嗎？

模因硬幣是加密行業中最受關注的資產。有些人稱其為純粹的賭博形式，而有些人則稱其為流行文化的一部分。

Meme coins have been a hot topic in the crypto industry, with some seeing them as a new form of gambling while others view them as a part of pop culture. Love them or hate them, you can’t ignore them.

模因硬幣一直是加密貨幣行業的熱門話題，有些人將它們視為一種新的賭博形式，而另一些人則將其視為流行文化的一部分。愛他們或恨他們，您不能忽略他們。

These “joke coins” also form a major chunk of the crypto industry with over $48.37 billion in market cap and they are endorsed by some biggest influential personalities such as Donald Trump, Elon Musk, Snoop Dogg and many more. In fact, the US president has his own meme coin named “OFFICIAL TRUMP”.

這些“笑話硬幣”還構成了加密貨幣行業的主要部分，擁有超過483.7億美元的市值，並且得到了一些最大的有影響力的人物，例如唐納德·特朗普，埃隆·馬斯克，史努比·多格等。實際上，美國總統有自己的模因硬幣被稱為“官方特朗普”。

However, despite their popularity, memecoins have also faced significant criticism in recent times, both within the industry and from the outsiders. The reasons for this criticism vary, ranging from allegations of insider trading to the underlying theoretical issue of utility with memecoins.

然而，儘管它們很受歡迎，但近期，無論是在行業內還是外部人士，Memecoins還是受到了重大批評。這種批評的原因各不相同，從內幕交易的指控到與Memecoins實用性的基本理論問題。

To top it all, recent bad performance of top meme coins including Dogecoin, Trump and Melania have worsened the fears that this might be the end of the road for memecoins phenomenon.

最重要的是，包括Dogecoin，Trump和Melania在內的頂級模因硬幣最近表現不佳，這使人們擔心這可能是Memecoins現象的終結。

After the recent debacle over meme coins launched by President Trump and Argentina President Javier Milei and critical statements from CZ, Brian Armstrong, Cathy Woods and other prominent folks, many in the industry are speculating that this might be the end of meme coins.

在最近對特朗普總統和阿根廷總統賈維爾·米利（Javier Milei）發起的模因硬幣以及CZ，Brian Armstrong，Cathy Woods和其他著名人物的批判性言論發起的崩潰之後，該行業中的許多人都在猜測這可能是Meme Coins的終結。

The debate began when the U.S. President launched its meme coin known as $TRUMP. Despite the initial buzz and robust price boost, it tanked badly. Trump was also under fierce criticism from the political cordons as well as the crypto community. James Thurber, the founder and former director of the Center for Congressional and Presidential Studies stated,” “There are shameful and major conflicts of interest concerning his family business benefiting from his cryptocurrency policies,”

辯論始於美國總統發起其模因硬幣，稱為$ trump。儘管最初的嗡嗡聲和強勁的價格提高，但它還是很嚴重。特朗普也受到政治警戒線以及加密貨幣社區的激烈批評。國會和總統研究中心的創始人兼前主任詹姆斯·瑟伯（James Thurber）說：“關於他的家族企業，他的加密貨幣政策受益於他的家族企業，有可恥和重大的利益衝突，”

Another event that fueled this discussion was the promotion of the $LIBRA coin by Argentina’s president Javier Milei on February 14, 2025. Argentina’s president endorsed $LIBRA token on his official X account which turned out to be an alleged scam. This promotional post by Milei snowballed into a huge controversy and investors lost approximately $4 billion shortly after its launch, leading to a judicial investigation for potential fraud.

另一個引起討論的活動是2025年2月14日，阿根廷總統賈維爾·米利（Javier Milei）推廣了$ libra幣。米利（Milei）的宣傳職位滾雪球陷入了巨大的爭議，投資者在推出後不久損失了約40億美元，導致對潛在欺詐行為進行了司法調查。

Many industry leaders including Binance former CEO Changpeng Zhao, Coinbase CEO Brian Armstrong and Influential American investor Cathie Wood Cathy Woods have suggested buyers to beware of such “joke” coins. Even Cathie Wood believes that a majority of meme coins circulating in the crypto market will likely be worthless soon.

包括Binance前首席執行官Changpeng Zhao，Coinbase首席執行官Brian Armstrong和有影響力的美國投資者Cathie Wood Cathy Woods在內的許多行業領導者建議買家提防這種“笑話”硬幣。甚至Cathie Wood都認為，在加密貨幣市場中流通的大多數模因硬幣很快就會毫無價值。

On memecoins…Memecoins have generated a lot of buzz recently, and I’ve gotten some questions on how I think about them. I am personally not a memecoin trader (beyond a few test trades), but they’ve become hugely popular. Arguably, they’ve been with us since the beginning –…

在Memecoins上…Memecoins最近引起了很多嗡嗡聲，我對我的看法有一些疑問。我個人不是一個成人交易者（超越了一些測試交易），但是它們變得非常受歡迎。可以說，他們從一開始就一直與我們在一起 - …

— Brian Armstrong (@brianarmstrong) February 16, 2025

- Brian Armstrong（@brianarmstrong）2025年2月16日

In a February X post, Brian Armstrong Co-founder and CEO of Coinbase, stated that he is also skeptical about the rising trend of meme coins and advised users many times to take caution while investing in it. He advised users to build a long-term mindset and choose their investment decisions wisely.

在2月的X帖子中，Brian Armstrong聯合創始人兼Coinbase首席執行官表示，他對Meme Coins的上升趨勢也持懷疑態度，並建議用戶多次謹慎行事。他建議用戶建立長期心態，並明智地選擇他們的投資決策。

Not only this, former CEO of Binance, Changpeng “CZ” Zhao also publicly criticized meme coins. In Nov 2024 post CZ said “I am not against memes, but meme coins are getting ‘a little’ weird now. Let’s build real applications using blockchain.”

不僅是Binance的前首席執行官，Changpeng“ CZ” Zhao還公開批評了Meme Coins。 CZ Post在2024年11月說：“我不反對模因，但是Meme硬幣現在變得有些奇怪。讓我們使用區塊鏈構建真實的應用程序。”

I am not against memes. But meme coins are getting "a little" weird now. Let's build real applications using blockchain. We have the technology and the community to do amazing things that can change the world for the better. What do you think?

我不反對模因。但是，模因硬幣現在變得有點奇怪。讓我們使用區塊鏈構建實際應用程序。我們擁有技術和社區來做可以改變世界的驚人事情。你怎麼認為？

— Changpeng Zhao (@binancechain) November 20, 2024

Experts also criticized the performance of top memecoins as they haven’t given any return in the last few months. Meanwhile, some experts believes that these top meme coins are dead. The vast majority of investors lose money in the memecoins and they are too volatile and short lives.

專家還批評了頂級成年人的表現，因為他們在過去幾個月中沒有得到任何回報。同時，一些專家認為這些頂級模因硬幣已經死了。絕大多數投資者在模因中損失了金錢，他們過於動盪且壽命短。

So is this the

所以這就是