成人不僅是主流。他們正在重塑整個市場週期

不久前，一個互聯網笑話可能會成為數十億美元的資產類別的想法似乎是可笑的。如今，Memecoins不僅是主流。

Not long ago, the idea of an internet joke becoming a multibillion-dollar asset class seemed laughable. Today, memecoins are not just mainstream. They are reshaping entire market cycles. The US now has an official memecoin associated with the president. What started as a niche community experiment has become a financial force too big to ignore.

不久前，互聯網笑話成為數十億美元的資產類別的想法似乎是可笑的。如今，Memecoins不僅是主流。他們正在重塑整個市場週期。美國現在有一個與總統相關的官方紀念物。最初是一項利基社區實驗的事情已成為一支太大而無法忽略的財務力量。

This isn’t simply speculation. In November 2024, memecoins accounted for 65% of the total trading volume on the decentralized exchange Raydium, an all-time high. Once dismissed as internet gimmicks, these assets have become crypto’s cultural engine. This phenomenon has been causing a slight identity crisis for believers and skeptics, who need to rethink their positions.

這不僅僅是猜測。 2024年11月，Memecoins在有史以來高中的分散交易所Raydium上佔了總交易量的65％。這些資產曾被視為互聯網的gi頭，已成為加密貨幣的文化引擎。這種現像一直引起對信徒和懷疑論者的輕微身份危機，他們需要重新思考自己的立場。

Whether viewed as the next retail-driven market movement or an unsustainable mania, one thing is clear: Memecoins are no longer a joke.

無論是被視為下一個零售驅動的市場運動還是不可持續的躁狂症，都很明顯：Memecoins不再是個玩笑。

Memecoins are more than speculation

紀念因素不僅僅是猜測

At their core, memecoins thrive on community belief. Traditional financial assets derive value from utility, institutional adoption or revenue models. Memecoins, by contrast, are driven by social engagement, virality and the power of collective momentum.

在他們的核心上，紀念因素在社區信仰上蓬勃發展。傳統金融資產從公用事業，機構採用或收入模型中獲得價值。相比之下，成人是由社會參與，病毒和集體勢頭的力量驅動的。

That makes them one of the most effective onboarding tools for retail investors in crypto. Memecoins strip away the complexity of blockchain technology, making digital assets approachable, familiar and culturally relevant. For many, they are the first step into Web3, opening the door to decentralized trading, governance and finance.

這使它們成為加密貨幣散戶投資者最有效的入職工具之一。 Memecoins剝離了區塊鏈技術的複雜性，使數字資產平易近人，熟悉和文化相關。對於許多人來說，它們是邁向Web3的第一步，為分散貿易，治理和金融打開了大門。

What makes them accessible, however, also makes them volatile. The same market mechanics that send memecoins soaring to billion-dollar valuations overnight can just as easily cause them to collapse within days. While one trader might turn $66 into a $3 million profit, thousands of others end up holding worthless tokens when the hype fades.

但是，使它們可以訪問的原因也使它們波動。在一夜之間，使成員飆升至十億美元估值的同一市場機制也可以同樣容易地導致它們在幾天之內崩潰。雖然一位交易者可能會將66美元變成300萬美元的利潤，但成千上萬的人最終會在炒作消失時擁有毫無價值的代幣。

The volatility problem no one can ignore

波動性問題沒人能忽略

The numbers tell the story. When Elon Musk changed his X username and profile picture, a memecoin linked to him skyrocketed to a $380 million market cap. Once Musk reversed the changes, the coin plunged to $100 million before plummeting even further.

數字講述了這個故事。當埃隆·馬斯克（Elon Musk）更改了他的X用戶名和個人資料圖片時，與他相關的一個模因，飆升至3.8億美元的市值。一旦馬斯克扭轉了變化，硬幣便會跌至1億美元，然後進一步猛增。

Recent: ‘Memecoins are archetypes of the collective unconscious’

最近：“模因是集體無意識的原型”

This is not an exception. This is the memecoin market in action. It is unpredictable, profit-driven and fueled by speculation. While some traders thrive in this environment, most do not. The skeptics argue that memecoins are little more than a casino with a blockchain — a game where few win and most lose.

這不是例外。這是行動中的紀念市場。它是不可預測的，以利潤為驅動的，並且被猜測推動了。雖然有些交易者在這種環境下蓬勃發展，但大多數人卻沒有。懷疑論者認為，Memecoins僅僅是一個帶有區塊鏈的賭場，這是一場比賽，最多贏了。

Dismissing memecoins outright ignores a larger reality. Memecoins aren’t going away, regardless of the skepticism. They are shaping market trends. The real question is: Can memecoins transition from hype-driven speculation to a structured financial asset with governance and longevity?

徹底駁斥Memecoins會忽略更大的現實。不管懷疑論如何，成人都不會消失。他們正在塑造市場趨勢。真正的問題是：Memecoins可以從炒作驅動的投機過渡到具有治理和壽命的結構性金融資產嗎？

Governance is the key to long-term survival

治理是長期生存的關鍵

If memecoins are to evolve beyond short-term trading cycles, governance must take center stage. Decentralized autonomous organizations (DAOs) offer a model that allows holders to shape token supply, enforce transparency and influence project direction to give memecoins a real shot at sustainability.

如果要超越短期交易週期的成長，治理必須成為中心階段。分散的自治組織（DAOS）提供了一個模型，使持有人可以塑造令牌供應，執行透明度並影響項目方向，從而使Memecoins真正以可持續性為單位。

This structure prevents centralized control by developers and whales, reducing the risk of insider manipulation, exit scams and pump-and-dump schemes. It also ensures that memecoins can integrate treasury management, staking incentives and token supply models that promote long-term viability rather than short-lived speculation.

這種結構阻止了開發人員和鯨魚的集中控制，從而降低了內幕操縱，出口騙局和泵和降低計劃的風險。它還確保了成年人可以整合促進長期生存能力而不是短暫猜測的代幣供應模型的財政管理，積分激勵措施和代幣供應模型。

A prime example is Floki Inu (FLOKI), a memecoin that successfully built a functional ecosystem beyond meme-driven trading. Rather than relying on short-term speculation, Floki Inu integrated non-fungible token (NFT) gaming, payments and educational initiatives, proving that memecoins can evolve into structured, community-driven assets.

一個典型的例子是Floki INU（FLOKI），這是一個成功建立了超出模因驅動交易的功能生態系統的模因。 Floki INU並不依賴短期投機，而是整合了不可殺死的令牌（NFT）遊戲，付款和教育計劃，證明了Memecoins可以演變為結構化的，社區驅動的資產。

Memecoins don’t need to abandon their cultural origins, but to survive beyond the current hype cycle, they must adopt governance mechanisms that promote economic sustainability.

Memecoins不需要放棄其文化來源，而是要生存超過當前的炒作週期，他們必須採用促進經濟可持續性的治理機制。

Memecoins are at a crossroads

成人處於十字路口

Memecoins have divided the crypto space into two extreme camps. On one side, memecoin maximalists insist that this bull market will be dominated by memecoins, arguing that belief and virality alone are enough to sustain them. On the other, skeptics dismiss them entirely, viewing them as pump-and-dump schemes that will eventually implode.

Memecoin將加密空間分為兩個極端營地。一方面，Memecoin最高者堅持認為，這個牛市將由Memecoins主導，認為僅信仰和病毒就足以維持它們。另一方面，懷疑論者完全消除了他們，將它們視為最終會爆炸的泵和降雨計劃。

Both perspectives miss the bigger picture. Memecoins have proven their ability to drive market activity, but ignoring their risks is just as reckless as dismissing them outright. The real challenge is not whether memecoins should exist. They already do. The question is how to structure them to ensure security for investors, stability for the market and long-term credibility for the industry.

這兩種觀點都錯過了更大的圖景。 Memecoins已經證明了他們推動市場活動的能力，但是忽略其風險就像徹底駁斥他們一樣魯ck。真正的挑戰不是模因是否應該存在。他們已經這樣做了。問題是如何構建它們以確保投資者的安全性，對市場的穩定性以及行業的長期信譽。

Builders, regulators and communities must collaborate to balance decentralization and responsible governance. Ignoring memecoins as a passing trend would be shortsighted. Failing to address their risks could be even worse — potentially leading to a catastrophic collapse that damages public trust in crypto as a whole.

建築商，監管機構和社區必須協作以平衡權力下放和負責任的治理。忽略Memecoins作為過去的趨勢將是短視的。無法解決他們的風險可能會更糟 - 可能導致災難性的崩潰，損害了公眾對整個加密貨幣的信任。

Memecoins are here to stay. The real test is whether they will remain a speculative rollercoaster or mature into a legitimate digital economy sector. The answer lies not just with

Memecoins在這裡留下來。真正的測試是，它們是否將仍然是投機性過山車還是成熟到合法的數字經濟領域。答案不僅在於