永久製造的硬幣和模因硬幣是觀看的前三名加密貨幣敘事

永久令牌像Hype和Woo這樣的代幣下降了12％以上，但強大的交易活動和高收入表明潛在的反彈。

The crypto market has seen a shift in focus this week, with perpetuals tokens, Made In USA coins, and meme coins emerging as the top three narratives to watch.

加密市場本週的重點發生了變化，永久代幣，在美國硬幣製造，而模因硬幣則成為觀看的前三名敘述。

Perpetuals tokens such as HYPE and WOO have seen triple-digit losses, while the biggest coins in the Made In USA category, including PI, ADA, and HBAR, have also suffered major setbacks.

諸如Hype和Woo之類的永久令牌已經看到了三位數的損失，而美國製造的類別中最大的硬幣，包括PI，ADA和HBAR，也遭受了重大的挫折。

On the other hand, meme coins like DOGE, TRUMP, PEPE, and BONK have taken a hit but could lead the next rally if sentiment changes.

另一方面，諸如Doge，Trump，Pepe和Bonk之類的Meme硬幣受到了打擊，但如果情緒改變，可能會引起下一次集會。

Perpetuals

永久

Perpetuals coins appear to be setting up for a rebound after a rough week, with HYPE and WOO both down more than 12% in the last seven days.

一周艱難的一周後，永久硬幣似乎正在籃板，在過去的七天中，炒作和WOO下降了12％以上。

Perpetuals platforms are exchanges that allow traders to buy and sell futures contracts on cryptocurrencies that have no expiration date. These platforms use a funding mechanism to keep futures prices aligned with the spot market while enabling traders to take long or short positions with leverage.

永久平台是交易所，允許交易者在沒有到期日期的加密貨幣上買賣期貨合約。這些平台使用一種資金機制來保持期貨價格與現貨市場保持一致，同時使交易者能夠以槓桿作用佔用長期或短職位。

Despite the recent downturn in some perpetuals tokens, the sector continues to see strong activity, with high trading volumes and fees generated across key platforms.

儘管最近一些永久令牌的經濟低迷，但該行業仍在繼續看到強大的活動，跨關鍵平台產生了較高的交易量和費用。

Hyperliquid remains the dominant force in the perpetuals space, generating an impressive $12 million in fees over the past week, outperforming major DeFi apps like Jito, Maker, Solana, Ethereum, Raydium, and Pumpfun.

超流動性仍然是永久空間中的主要力量，在過去一周中產生了令人印象深刻的1200萬美元費用，表現優於Jito，Maker，Solana，Solana，Ethereum，Ethereum，Raydium和Pumpfun等主要的Defi應用程序。

However, this level of dominance also suggests that the market has room for competitors to emerge and challenge its position.

但是，這種統治水平還表明，市場有競爭對手出現和挑戰其地位的空間。

Arkham, for instance, has surged 14% in the last 24 hours, signaling that some traders are betting on alternative projects within the perpetuals ecosystem.

例如，阿卡姆（Arkham）在過去的24小時內飆升了14％，這表明一些交易者正在永久生態系統內的替代項目下注。

Overall, these trends make perpetuals one of the must-implied crypto narratives of the week.

總體而言，這些趨勢使永久性成為本週必不可少的加密敘事之一。

Made In USA Coins

在美國製造的硬幣

The biggest Made In USA coins have all suffered significant losses in the past week, with PI dropping 22.6%. ADA and HBAR both down 18.9%.

在過去的一周中，美國製造的硬幣最大的損失都大幅損失，PI下降了22.6％。 ADA和HBAR都下跌了18.9％。

Made In USA coins refer to cryptocurrencies that have strong ties to the United States, whether through their founding team or company headquarters. This category includes projects that often attract regulatory scrutiny or benefit from US-based institutional backing.

在美國製造的硬幣是指與美國建立團隊或公司總部有牢固聯繫的加密貨幣。此類別包括通常會從美國的機構支持中吸引監管審查或受益的項目。

The latest downturn aligns with broader market weakness, as both the crypto and stock markets have been hit hard in the past 24 hours.

最近24小時的加密市場和股票市場都受到了巨大影響，最新的低迷與市場疲軟相吻合。

The US stock market saw a massive $4 trillion wipeout following Trump’s push for new tariffs. Given the scale of this correction, a potential rebound could be on the horizon if investors view the recent dip as an overreaction. That could positively impact crypto, driving a new surge.

在特朗普推動新的關稅之後，美國股票市場巨大的4萬億美元消失。鑑於這種糾正的規模，如果投資者將最近的下降視為過度反應，則可能會反彈。這可能會對加密貨幣產生積極影響，推動新的激增。

Historically, sharp declines in both crypto and equities have been followed by strong recoveries, especially when macroeconomic fears subside.

從歷史上看，加密貨幣和股票的急劇下降之後都有強勁的恢復，尤其是當宏觀經濟的恐懼消退時。

While the downtrend remains intact for now, a shift in sentiment could trigger a bounce for Made In USA coins if market conditions stabilize.

雖然暫時下降趨勢仍然完好無損，但如果市場條件穩定，情緒的轉變可能會引髮美國製造的硬幣的反彈。

Meme Coins

模因硬幣

Meme coins remain one of the most volatile crypto narratives. They often experience the biggest surges during bullish phases and the sharpest corrections during downtrends.

模因硬幣仍然是最動蕩的加密敘事之一。他們經常經歷看漲階段和下降期間最清晰的矯正期間最大的潮流。

This volatility has been evident in the past week, as the biggest meme coins have taken a heavy hit. Dogecoin (DOGE), the largest meme coin by market cap, has dropped more than 17% in the last seven days.

在過去的一周中，這種波動率很明顯，因為最大的模因硬幣受到了重大打擊。 Dogecoin（Doge）是市場上限最大的模因硬幣，在過去的七天中下降了17％以上。

TRUMP is down over 14%, and PEPE and BONK have both lost more than 10% during the same period.

特朗普下跌了14％以上，佩佩和邦克在同一時期都損失了10％以上。

However, if the crypto market stages a rebound this week, meme coins could see some of the strongest recoveries.

但是，如果加密貨幣市場本週進行了反彈，則模因硬幣可以看到一些最強的回收率。

Historically, these assets tend to outperform in fast-moving uptrends due to their speculative nature and the rapid inflow of retail interest.

從歷史上看，由於其投機性和零售迅速流入，這些資產在快速移動上升趨勢方面往往勝過。

The last major surges in meme coins occurred after broader market rebounds reignited hype and aggressive buying activity.

模因硬幣的最後一次重大激增發生在更廣泛的市場反彈重新點燃炒作和積極的購買活動之後。

If sentiment shifts and liquidity returns, DOGE, TRUMP, PEPE, and BONK could quickly reclaim lost ground. That could potentially lead to another wave of explosive gains in the meme coin sector.

如果情緒轉移和流動性回報，Doge，Trump，Pepe和Bonk可能會迅速奪回失去的立場。這可能會導致模因硬幣部門的另一波爆炸性收益。