Memecoin 在 2024 年第一季主導加密市場敘事，Book Brett (BRETT) 上漲 7,727.6%

模因幣產業已成為今年迄今最賺錢的產業。該報告顯示，以市值計算，頂級 memecoin 的平均回報率高達 1,312.6%。

During a heated exchange on X, Wolk accused Thomas, a prominent crypto influencer, of promoting Solana memecoins without genuine market insight, benefiting at the expense of his unsuspecting followers.

在 X 上的激烈交流中，Wolk 指責著名加密貨幣影響者 Thomas 在沒有真正市場洞察的情況下推廣 Solana memecoin，以犧牲毫無戒心的追隨者的利益為代價。

Wolk initially mentioned Thomas during a discussion about Murad Mahmudov’s “Memecoin Supercycle” speech at Token 2049 last month. He slammed Thomas for promoting coins to his followers rather than offering a genuine market advantage.

上個月，Wolk 在 Token 2049 上討論 Murad Mahmudov 的“Memecoin Supercycle”演講時最初提到了 Thomas。他抨擊托馬斯向他的追隨者推銷硬幣，而不是提供真正的市場優勢。

“It’s definitely the guy who blew up his fund in March 2020 with his own token down 80% in the past year and pivoted to promoting new pumps.” Wolk added, “If you resort to promoting new low-cap memecoins every few days to followers as a large account, it’s bc you have no edge and have to use your followers instead.”

「這絕對是那個在 2020 年 3 月炸毀了他的基金的人，他自己的代幣在過去一年裡下跌了 80%，並轉向推廣新的泵。”沃克補充道，“如果你每隔幾天就向追隨者推銷新的低上限模因幣作為一個大帳戶，那麼你就沒有優勢，必須使用你的追隨者。”

Mahmudov was the Chief Investment Officer of Adaptive Capital, a crypto hedge fund that collapsed in March 2020 during a broader market downturn. Since then, he has amassed a large following on X by promoting the role of memecoins in the cryptocurrency space and regularly sharing his top memecoin picks.

Mahmudov 是 Adaptive Capital 的首席投資官，這是一家加密貨幣對沖基金，於 2020 年 3 月大範圍市場低迷期間倒閉。從那時起，他透過宣傳迷因幣在加密貨幣領域的作用並定期分享他的熱門迷因幣精選，在 X 上積累了大批追隨者。

Thomas Defends Memecoin Promotions Amidst Harsh Allegations

托馬斯在嚴厲指控中為 Memecoin 促銷活動辯護

When Thomas asked Wolk why “talking about low caps”—referring to memecoins with small market capitalizations—was considered “grifting,” Wolk highlighted that Thomas, with over 507,000 followers on X, has a unique ability to sway the value of these low-cap tokens. According to Wolk, this influence could lead to his followers suffering significant losses as they might chase after memecoin pumps without fully understanding the risks.

當湯瑪斯問沃克為什麼「談論低市值」——指的是市值較小的迷因幣——被認為是「詐騙」時，沃克強調，湯瑪斯在X 上擁有超過507,000 名粉絲，擁有影響這些低市值幣價值的獨特能力。根據沃爾克的說法，這種影響可能會導致他的追隨者遭受重大損失，因為他們可能會在沒有充分了解風險的情況下追逐迷因幣。

Thomas also defended his actions by pointing out that his promotion of Dogwifhat (WIF) to his followers at a $100,000 market cap had yielded remarkable results. The memecoin surged to a peak value of $4.8 billion in March. He argued that this was a far “better” outcome than endorsing a utility-based token like Chainlink (LINK), which has dropped by around 90% against Bitcoin this year.

湯瑪斯也為自己的行為進行了辯護，指出他以 10 萬美元的市值向追隨者推廣 Dogwifhat (WIF) 取得了顯著的效果。 Memecoin 的價值在 3 月飆升至 48 億美元的峰值。他認為，這比支持像 Chainlink (LINK) 這樣的基於實用程式的代幣要「更好」得多，今年它相對於比特幣的價格已經下跌了約 90%。

“The ‘low-cap garbage’ you talk about has dominated 90% of retail mindshare in crypto over the past year,” Thomas countered. “Whether you like it or not, that’s what [people] want to trade.”

「過去一年裡，你所說的『低市值垃圾』佔據了加密貨幣領域 90% 的散戶思維，」湯瑪斯反駁。 “無論你喜歡與否，這就是[人們]想要交易的東西。”

Wolk responded, accusing Thomas of promoting “hundreds” of low-cap coins such as BODEN, HOBBES, WYNN, and ZEUS. He also alleged that Thomas endorsed several celebrity-themed memecoins, including those linked to pop stars Jason Derulo and Davido.

沃克對此做出回應，指責湯瑪斯推銷「數百種」低市值代幣，例如博登（BODEN）、霍布斯（HOBBES）、永利（WYNN）和宙斯（ZEUS）。他還聲稱湯瑪斯認可了幾種名人主題的迷因幣，包括與流行歌手傑森·德魯洛和達維多有關的迷因幣。

“How you do not see the issue with having 500K+ followers and rotating micro-cap coin shills every few days when you know very well people blindly buy off your posts, impacting the price?” Wolk also explained, “Look at WYNN or all the celeb coins you shilled and all of the people who got rekt (then after posting about so many coins only point out 1-2, which end up being right).”

「當你很清楚人們盲目購買你的帖子，影響價格時，你怎麼看不到擁有超過 50 萬粉絲和每隔幾天輪換微型幣託的問題呢？” Wolk 還解釋道，“看看 WYNN 或你推銷的所有名人幣以及所有獲得 rekt 的人（然後在發布這麼多幣後只指出 1-2，最終是正確的）。”

Memecoins in Decline

Memecoin 的衰落

BODEN, a memecoin inspired by President Joe Biden, has plummeted nearly 99% from its all-time high in April. Similarly, other memecoins like HOBBES, ZEUS, and WYNN have also seen significant declines, each down approximately 98% from their respective peaks. This sharp downturn highlights the volatility and risks associated with investing in memecoins.

BODEN 是受拜登總統啟發的迷因幣，已較 4 月的歷史高點暴跌近 99%。同樣，HOBBES、ZEUS 和 WYNN 等其他迷因幣也出現了大幅下跌，均較各自高峰下跌了約 98%。這種急劇下滑凸顯了與投資迷因幣相關的波動性和風險。

BODEN has crashed 98.9% since reaching its peak market cap of $1.04 billion back in April, according to Brave New Coin data.

根據 Brave New Coin 的數據，自 4 月達到 10.4 億美元的峰值市值以來，BODEN 已暴跌 98.9%。

Memecoin advocates argue that tokens like Dogecoin (DOGE), Pepe (PEPE), and WIF, despite being structurally worthless, offer a superior investment opportunity compared to utility tokens. They point to the significant returns these memecoins have delivered in this market cycle as evidence of their appeal. In Q1 this year for example, memes were the best performing crypto assets by a significant margin.

Memecoin 的支持者認為，狗狗幣 (DOGE)、Pepe (PEPE) 和 WIF 等代幣儘管在結構上毫無價值，但與實用代幣相比，提供了更好的投資機會。他們指出這些迷因幣在這個市場週期中所帶來的巨大回報作為其吸引力的證據。例如，在今年第一季，迷因是表現最好的加密資產，遙遙領先。

Critics argue that memecoins are inherently “extractive.” They claim that these tokens enable insiders and early investors to profit significantly from less sophisticated retail participants. Once they have made their gains, these individuals often vanish with the profits, leaving average investors at a loss.

批評者認為模因幣本質上是「榨取性的」。他們聲稱這些代幣使內部人士和早期投資者能夠從不太成熟的散戶參與者那裡獲得巨額利潤。一旦獲得收益，這些人往往會隨著利潤消失，讓一般投資者蒙受損失。

Memecoin Mania 2024

Memecoin 狂熱 2024

At the start of the year, Bitcoin led the crypto market’s move into bull market territory, but it was meme coins that captured the altcoin zeitgeist. While Bitcoin comfortably outperformed the altcoin markets, there were some exceptions. Most of those exceptions were memecoins. This year’s surprising memecoin phenomenon is a potent demonstration of the power of memes to capture the cultural zeitgeist, and they have come to dominate the current crypto cycle.

今年年初，比特幣引領加密貨幣市場進入牛市領域，但迷因幣抓住了山寨幣的時代精神。雖然比特幣的表現明顯優於山寨幣市場，但也有一些例外。大多數例外都是模因幣。今年令人驚訝的迷因幣現像有力地證明了迷因捕捉文化時代精神的力量，並且它們已經主導了當前的加密貨幣週期。

Memecoins are an incredibly popular and volatile subset of the crypto markets. Memecoins are blockchain-based tokens that are based on popular pieces of internet culture. They are generally characterized by having minimal

Memecoin 是加密貨幣市場中非常受歡迎且不穩定的子集。 Memecoin 是基於區塊鏈的代幣，基於流行的網路文化。它們的一般特點是具有最小的