狗狗币（DOGE）不再是一只沉睡的狗

全球最受欢迎的 Meme 币在过去 30 天内上涨了 188%，今年迄今为止上涨了 340%。

Dogecoin (CRYPTO: DOGE) is no longer sleeping soundly. The world’s leading meme coin has now risen 188% over the past 30 days, and a mind-boggling 340% year to date. In the wake of Donald Trump winning the U.S. presidency, Dogecoin has been one of the hottest performers in the crypto market.

狗狗币（加密货币：DOGE）不再熟睡。全球领先的模因币在过去 30 天内已上涨 188%，今年迄今已上涨 340%，令人难以置信。在唐纳德·特朗普赢得美国总统职位后，狗狗币一直是加密货币市场中表现最热门的货币之一。

But what's really going on here? Is this yet another case of a meme coin exploding in value thanks to hype and buzz, or is there something else at play driving Dogecoin's recent resurgence? Let's take a closer look.

但这里到底发生了什么？这是模因币因炒作和热议而价值爆炸的又一案例，还是有其他因素在推动狗狗币最近的复苏？让我们仔细看看。

The Elon Musk narrative

埃隆·马斯克的叙述

Dogecoin's return to prominence has been fueled by the pro-crypto optimism surrounding the Trump administration. On the campaign trail, Trump made several pro-crypto promises. While none of them pertain specifically to Dogecoin, they do point to a new pro-business regulatory regime for crypto, as well as the growing mainstream acceptance of crypto in the investment world. All of that, naturally, would be positive for Dogecoin.

特朗普政府对加密货币的乐观情绪推动了狗狗币的重新崛起。在竞选过程中，特朗普做出了多项支持加密货币的承诺。虽然它们都不是专门针对狗狗币的，但它们确实指出了新的有利于商业的加密货币监管制度，以及投资界对加密货币日益增长的主流接受度。当然，所有这些对狗狗币都是积极的。

But what really seems to be driving Dogecoin's breakout is the unofficial support from billionaire Elon Musk, who has been appointed by Trump to create a new Department of Government Efficiency, or DOGE for short. As a result, "DOGE" has been making headlines in the traditional financial media and on social media. Since DOGE is the ticker symbol for Dogecoin, it's easy to see why crypto traders have been rushing to buy this meme coin.

但真正推动狗狗币突破的似乎是亿万富翁埃隆·马斯克的非官方支持，他被特朗普任命创建一个新的政府效率部，简称 DOGE。因此，“DOGE”一直成为传统财经媒体和社交媒体的头条新闻。由于 DOGE 是狗狗币的股票代码，因此很容易理解为什么加密货币交易者一直在争先恐后地购买这种模因硬币。

While Musk has never officially said that Dogecoin would become a part of the future of DOGE, the anticipation is that somehow the tech billionaire will find a way to integrate crypto into its strategy. Maybe Musk will help make it possible to pay your taxes in Dogecoin rather than dollars one day?

尽管马斯克从未正式表示狗狗币将成为 DOGE 未来的一部分，但人们预计这位科技亿万富翁会以某种方式找到一种将加密货币整合到其战略中的方法。也许马斯克有一天会帮助你用狗狗币而不是美元缴税？

It's the same type of anticipation that fueled a mini-rally in Dogecoin when Musk acquired Twitter (now known as X) in April 2022. Crypto bulls expected Dogecoin integration for Twitter to be coming soon, given Musk's prior support for Dogecoin. More than two years later, it has thus far not materialized.

当马斯克于 2022 年 4 月收购 Twitter（现称为 X）时，正是这种预期推动了狗狗币的小幅上涨。考虑到马斯克之前对狗狗币的支持，加密货币多头预计 Twitter 的狗狗币整合很快就会到来。两年多过去了，这一想法至今仍未实现。

Coinbase joins the DOGE discussion

Coinbase 加入 DOGE 讨论

If it were just Musk drumming up support for DOGE, it might be easy to dismiss the latest Dogecoin hype. After all, we've seen this same story before with Twitter. But now a number of high-profile business leaders are starting to talk up DOGE. One of those is Brian Armstrong, CEO of Coinbase Global (NASDAQ:COIN).

如果只是马斯克在鼓动对 DOGE 的支持，那么可能很容易忽视最新的狗狗币炒作。毕竟，我们之前在 Twitter 上也见过同样的故事。但现在一些知名商界领袖开始谈论 DOGE。 Coinbase Global（纳斯达克股票代码：COIN）首席执行官布莱恩·阿姆斯特朗（Brian Armstrong）就是其中之一。

According to Armstrong, DOGE -- the government entity, not the coin -- is all about economic freedom, reducing the size of government, and eliminating government waste. He has even suggested that DOGE might lead to the abolishment of the individual income tax or a new constitutional amendment to limit government spending. So we're not just talking about a few nips and tucks to save the government some money; we're talking about huge, fundamental ideas that could impact the future of America.

阿姆斯特朗认为，DOGE（政府实体，而不是硬币）的全部意义在于经济自由、缩小政府规模和消除政府浪费。他甚至暗示 DOGE 可能会导致废除个人所得税或制定新的宪法修正案以限制政府支出。因此，我们谈论的不仅仅是为了给政府节省一些钱而进行的一些整顿和褶皱；我们正在谈论可能影响美国未来的巨大而基本的想法。

Why people are investing in meme coins

为什么人们投资模因币

That's why I believe Dogecoin's recent rally is more than just a fad -- it points to something significant happening within American society. And that's not necessarily a good thing.

这就是为什么我相信狗狗币最近的上涨不仅仅是一种时尚——它表明美国社会正在发生一些重大的事情。这不一定是件好事。

People invest in meme coins when they don't have confidence in traditional assets. People buy into the narrative that meme coins will make them rich overnight because they have lost faith in the American dream. And they buy meme coins instead of fiat currencies (like the U.S. dollar) because they have lost confidence in the "full faith and credit of the federal government."

当人们对传统资产没有信心时，他们就会投资模因币。人们相信模因币会让他们一夜暴富的说法，因为他们对美国梦失去了信心。他们购买模因币而不是法定货币（如美元），因为他们对“联邦政府的充分信任和信用”失去了信心。

That might sound like I'm making the case for investing in Dogecoin or other meme coins. I'm not. What I'm saying is that Dogecoin's post-election rally is more than just a fun new way to play the "Trump trade" in the crypto market. It's a symptom of a much bigger problem.

这听起来像是我在论证投资狗狗币或其他模因币。我不是。我想说的是，狗狗币在选举后的反弹不仅仅是在加密市场上进行“特朗普交易”的一种有趣的新方式。这是一个更大问题的征兆。

Meme coin mania

米姆硬币狂热

In 2025, look for meme coin mania to continue. Crypto investors will probably rotate out of a core group of meme coins -- like Dogecoin, Shiba Inu, Pepe, Bonk, and Floki -- depending on which one has the greatest momentum. Right now, Dogecoin has all the momentum, but there are signs that Floki might be next, given its new Coinbase listing.

2025 年，迷因币热潮将会持续。加密货币投资者可能会从一组核心模因币中退出——比如狗狗币、柴犬币、佩佩币、邦克币和弗洛基币——具体取决于哪一种币的势头最大。目前，狗狗币势头强劲，但有迹象表明，鉴于其新上市的 Coinbase，Floki 可能是下一个。

Just one month before the election, Mark Cuban, a tech billionaire, likened investing in meme coins to a game of musical chairs. It's enjoyable to participate in the game as long as you don't wind up holding the wrong meme coin when the music stops. If you're still thinking about putting money into Dogecoin, you should keep that in mind.

就在大选前一个月，科技亿万富翁马克·库班将投资模因币比作抢椅子游戏。只要当音乐停止时你没有拿着错误的模因硬币，参与游戏就会很有趣。如果您仍在考虑将钱投入狗狗币，您应该记住这一点。