在過去的三個月中，模因硬幣市場急劇下降

在過去的三個月中，模因硬幣市場急劇下降，其總市值下降了56.8％。

The meme coin market has seen a sharp decline over the past three months, with its total market capitalization dropping by 56.8%. This sharp decline has raised questions about whether the era of explosive growth for these digital assets has come to an end.

在過去的三個月中，模因硬幣市場急劇下降，其總市值下降了56.8％。這種急劇下降引發了問題，即這些數字資產的爆炸性增長時代是否已經結束。

Meme coins experienced a massive surge in popularity throughout 2024. Over the year, the total market capitalization skyrocketed by 500%, with the meme coin narrative dominating the crypto sphere.

Meme硬幣在2024年的流行期都大大增加。在一年中，總市值飆升了500％，Meme Coin敘述主導了加密貨幣領域。

According to a CoinGecko report, meme coins were the most popular crypto trend in 2024. They accounted for 14.3% of total narrative interest—a significant rise from 8.3% in 2023.

根據一份Coingecko報告，Meme硬幣是2024年最受歡迎的加密貨幣趨勢。它們佔敘述性總利益的14.3％，從2023年的8.3％顯著上升。

However, recent developments present a contrasting narrative.

但是，最近的發展呈現出對比的敘述。

“There has been a significant drop in meme coin market cap since December. It’s the weakest narrative and not worth putting your money in it,” an analyst wrote on X.

“自12月以來，Meme Coin市值已經大幅下降。這是最薄弱的敘述，不值得將您的錢投入其中。”一位分析師在X上寫道。

As of March 5, the latest data showed the total meme coin market capitalization plummeted to $54 billion. This represented a 56.8% decline from its $125 billion peak on December 5, 2024.

截至3月5日，最新數據顯示，Meme Coin市值的總資本化跌至540億美元。這是2024年12月5日的1.25億美元高峰的下降56.8％。

Trading volumes have also taken a hit, dropping 26.2% in the past month alone. This has raised concerns about the “meme coin supercycle.”

交易量也受到了打擊，僅在過去一個月中就下降了26.2％。這引起了人們對“模因硬幣超級循環”的擔憂。

“Is this the end of the meme coin supercycle?” crypto analyst Lark Davis questioned.

“這是模因硬幣超級循環的終結嗎？”加密分析師拉克·戴維斯（Lark Davis）質疑。

A meme coin supercycle refers to an extended period of rapid growth and speculation in meme-based cryptocurrencies. But with numbers across the board in the red, the community is now fearing that the hype may be coming to an end.

模因硬幣超級循環是指基於模因的加密貨幣的快速增長和猜測的長期。但是，隨著紅色的全面數字，社區現在擔心炒作可能會結束。

Dogecoin (DOGE), which makes up nearly half of the total meme coin market capitalization, has decreased 21.7% in the past month. The downturn is not limited to DOGE.

在過去的一個月中，Dogecoin（Doge）佔模因硬幣市值總數的一半，佔模因硬幣市值的一半。沮喪的不限於門。

The second-largest meme coin, Shiba Inu (SHIB), has also seen a substantial drop. It has slipped 10.6% over the past month. Similar trends have been observed in all 10 top meme coins.

第二大模因硬幣shiba inu（Shib）也大幅下降。在過去的一個月中，它已下跌10.6％。在所有10個頂級模因硬幣中都觀察到了類似的趨勢。

The decline isn't just affecting individual tokens—skepticism in meme coins as a whole appears to be rising. Elon Musk, for example, one of the most vocal supporters of DOGE, recently likened meme coins to "casinos." He further cautioned against investing life savings in them.

下降不僅影響單個令牌，而且整個模因硬幣中的懷疑主義似乎正在上升。例如，埃隆·馬斯克（Elon Musk），是最響亮的唱片支持者之一，最近將模因硬幣比作“賭場”。他進一步警告不要將救生儲蓄投資。

Meanwhile, Bitwise CIO Matt Hougan previously stated that the present time is the "end of the meme coin boom."

同時，Bitwise Cio Matt Hougan先前表示，當前的時間是“模因硬幣繁榮的末端”。

Google Trends data further supports this waning hype. The search volume for "meme coin" has plummeted from a peak score of 100 in mid-January to just 8 last week. This suggested that public enthusiasm was fading as fast as it surged.

Google趨勢數據進一步支持了這種減弱的炒作。 “ Meme Coin”的搜索量從1月中旬的100峰值下降到上週的8個。這表明公眾熱情逐漸消失的速度迅速。

The impact of this downturn is being felt across the ecosystem, particularly on platforms that thrived during the meme coin mania.

在整個生態系統中，人們都感受到了這種低迷的影響，尤其是在模因硬幣躁狂症期間蓬勃發展的平台。

Pump.fun, a popular meme coin launchpad, has seen its trading volume crash from $3.3 billion in January 2025 to just $814 million. This marked aa staggering 75.3% drop.

流行的Meme Coin Launchpad Pump.Fun已將其交易量崩潰從2025年1月的33億美元到僅8.14億美元。這標誌著AA驚人的75.3％下降。

Additionally, the total number of tokens created on Pump.fun has been steadily decreasing since late January. Moreover, the daily revenue has also fallen sharply.

此外，自1月下旬以來，Fun上創建的令牌總數一直在穩步下降。此外，每日收入也急劇下降。