從“純娛樂”到“反浸入選項”：像Bonk這樣的模因硬幣如何改變Solana Ecosystem

這種轉變並非偶然。以Solana生態系統為例，領先的Meme Coin Bonk穩定了其市值排名

However, interestingly, when market sentiment is generally low, some Meme coins that were once labeled as "pure entertainment" have quietly turned around, attempting to shed the stereotype of "high volatility" with deflationary mechanisms and compliance strategies, even becoming "anti-dip options" in the eyes of some investors.

但是，有趣的是，當市場情緒通常很低時，一些曾經被標記為“純粹娛樂”的模因硬幣已經悄悄地轉過身來，試圖通過一些投資者在某些投資者看來，通過通縮機制和合規策略來擺脫“高波動率”的刻板印象，甚至成為“反浸入選項”。

This transformation is not accidental. Taking the Solana ecosystem as an example, the leading meme coin BONK has stabilized its market capitalization ranking amid market turbulence by implementing dynamic token burns, expanding on-chain functions, and even exploring compliance paths. If the early value of such projects came from "meme culture" and community celebrations, their stability today may be worth deeper exploration. When market panic spreads, why can these seemingly "non-mainstream" assets withstand pressure?

這種轉變並非偶然。以Solana生態系統為例，領先的Meme Coin Bonk通過實施動態令牌燃燒，擴大鍊接功能，甚至探索合規性道路，從而在市場動蕩的情況下穩定了其市值排名。如果此類項目的早期價值來自“模因文化”和社區慶祝活動，那麼當今它們的穩定可能值得更深入的探索。當市場恐慌蔓延時，為什麼這些看似“非主流”資產可以承受壓力？

The answer may lie in the word "deflation."

答案可能在於“放氣”一詞。

When various dApps and communities in the ecosystem work together to reduce (burn) the circulating supply of tokens, they are essentially reshaping the supply-demand relationship.

當生態系統中的各種DAPP和社區共同努力減少（燃燒）代幣的循環供應時，它們實際上正在重塑供需關係。

Taking BONK as an example, they launched a burning initiative called "BURNmas" at the end of last year. According to CoinGecko data, over 1.69 trillion BONK (approximately 380 million RMB) were burned through community voting. During the Spring Festival, the community voluntarily burned another 2.025 trillion BONK tokens (approximately 260 million RMB). This operation seems simple and straightforward, but the transparency of on-chain data makes each burn a touchpoint for market consensus: a reduction in circulating supply means lower selling pressure, while increased scarcity builds a buffer for the price.

以Bonk為例，他們在去年年底發起了一項名為“ Burnmas”的燃燒計劃。根據Coingecko數據，通過社區投票燒毀了超過1.69萬億的邦克（約3.8億元人民幣）。在春節期間，社區自願燒毀了另外2.025萬億個邦克代幣（約2.6億元人民幣）。此操作似乎簡單明了，但是鏈上數據的透明度使每個燃燒都成為市場共識的接觸點：循環供應的減少意味著較低的銷售壓力，而增加的稀缺性則為價格提供了緩衝。

This gameplay logic was quickly validated and responded to by the market. When the broader market fell due to a shift in Federal Reserve policy, BONK's market capitalization ranking within the ecosystem remained unchanged. In simple terms, the deflation mechanism acts like a life jacket for assets: when the market water level drops, it may not allow you to swim upstream, but at least it helps you stay afloat.

該遊戲邏輯很快得到了驗證並由市場做出回應。當較廣泛的市場因美聯儲政策的轉變而下降時，邦克在生態系統內的市值排名保持不變。簡而言之，縮水機制就像資產的救生衣一樣：當市場水位下降時，它可能不允許您在上游游泳，但至少它可以幫助您保持漂浮。

Of course, the deflation mechanism is merely a technical innovation; what truly keeps Meme coins alive are the community members who "generate power with love."

當然，通縮機制只是一種技術創新。真正使模因硬幣活著的是社區成員“用愛產生力量”。

Today's BONK community is no longer satisfied with just spamming memes in the group—they have begun to decide token distribution ratios through DAO voting, regularly hold themed burning events, and even turn "token burning" into a spectacle for the entire network. The magic of this "participatory economy" lies in transforming users from bystanders into a community of shared interests. When your vote can directly influence the amount of tokens burned, the willingness to hold long-term naturally increases. Even more remarkably, this mechanism can attract external funds: after all, everyone loves a "scarcity narrative," especially when that scarcity comes from community consensus rather than unilateral actions by the project team.

當今的Bonk社區不再對小組中的垃圾郵件模因感到滿意，他們已經開始通過DAO投票來決定令牌分配比率，定期舉辦主題燃燒的事件，甚至將“刻錄燃燒”變成整個網絡的奇觀。這種“參與性經濟”的魔力在於將用戶從旁觀者轉變為一個共同利益的社區。當您的投票可以直接影響燃燒的代幣數量時，長期持有的意願會自然增加。更值得注意的是，這種機制可以吸引外部資金：畢竟，每個人都喜歡“稀缺性敘事”，尤其是當這種稀缺性來自社區共識而不是項目團隊的單方面行動時。

But the power of the community goes far beyond that. Meme coins led by BONK are beginning to break through the boundaries of "cultural symbols." When Meme coins can also be used for lending, trading, and even collecting, their price fluctuations are no longer just emotion-driven gambles.

但是社區的力量遠遠超出了這一點。由邦克（Bonk）領導的模因硬幣開始突破“文化符號”的界限。當模因硬幣也可以用於貸款，交易甚至收集時，它們的價格波動不再僅僅是情感驅動的賭博。

If deflation and community consensus are the internal skills of Meme coin transformation, then compliance is the key technique to open the meridians. After all, in the eyes of traditional capital, compliance is the ticket to entry.

如果通信和社區共識是模因硬幣轉化的內部技能，那麼合規性是打開子午線的關鍵技術。畢竟，在傳統資本的眼中，合規性是入境機票。

Nowadays, some exchanges have begun to implement tiered management for Meme coins: projects with transparent burn records and meeting liquidity standards will be classified into "compliant asset pools" and may even appear on institutional investors' portfolio lists.

如今，一些交流已經開始實施模因硬幣的分層管理：具有透明燒傷記錄和滿足流動性標準的項目將被歸類為“合規資產池”，甚至可能出現在機構投資者的投資組合列表中。

This trend is becoming increasingly evident in the improvement of global regulatory frameworks. After the Hong Kong OSL Group obtained a virtual asset trading license, its stock price soared by 10%. Guoxiong Capital invested 300 million HKD to lay out compliant custody services… These signals indicate that traditional capital is becoming more interested in "auditable and regulated" Meme coin assets. Moreover, earlier this year, the news of TRUMP, DOGE, and BONK ETF applications being submitted to the SEC together provided a shot in the arm for the industry: if even the SEC is softening its stance, who would dare to say that Meme coins will never make it to the mainstream stage?

在改善全球監管框架中，這種趨勢變得越來越明顯。香港OSL集團獲得虛擬資產交易許可證後，其股價飆升了10％。 Guoxiong Capital投資了3億香港，用於製定合規性的監護服務……這些信號表明，傳統資本對“審計和受監管”的模因硬幣資產越來越感興趣。此外，今年早些時候，提交給SEC的特朗普，喬格和邦克ETF申請的新聞為行業提供了槍擊：即使SEC甚至在減輕了其立場，誰都敢說模因硬幣將永遠不會成為主流階段？

The current Meme coin market resembles the early days of DeFi—on one side, there are speculative bubbles rising and falling, while on the other, value logic is quietly growing. Those projects that survive often possess three characteristics: combating volatility with deflation, consolidating the community with consensus, and breaking the ceiling with compliance. Their prices may still fluctuate with market sentiment, but dynamic burning and ecological expansion have injected a fundamental "ballast" into these tokens.

當前的模因硬幣市場類似於Defi的早期 - 一方面，投機性氣泡在上升和下降，而另一方面，價值邏輯正在悄悄地增長。那些生存的項目通常具有三個特徵：將波動與通縮打擊，通過共識來鞏固社區，並以合規性打破上限。他們的價格仍會隨著市場的情緒而波動，但是動態燃燒和生態上的擴張已向這些令牌注入了基本的“鎮流器”。

For the majority of investors, rather than getting caught up in "which Meme coin will skyrocket next," it is better to focus on more essential indicators: Is the on-chain burn record transparent? Is community governance active? Is there compliance endorsement from exchanges or institutions? After all, in this increasingly

對於大多數投資者而言，而不是陷入“接下來哪種模因硬幣會飛漲”，而是要專注於更重要的指標：鏈上燃燒記錄紀錄是透明的嗎？社區治理活躍嗎？交易所或機構是否有合規性認可？畢竟，在這個越來越多的