对冲基金在利润激增的情况下拥抱 Memecoin 狂热

由于价格大幅上涨和利润显着（超过了比特币和主要山寨币），对冲基金正在冒险进入快速增长的模因币领域。纽波特海滩对冲基金 Stratos 推出了一只带有 Dogwifhat 代币的流动基金，2024 年第一季度的回报率为 137%。尽管存在怀疑，但 Brevan Howard 和 Pantera Capital 等其他对冲基金也在投资 memecoin，因为它们具有潜在的价值。贸易机会和文化群体的代表性。创建 memecoin 的便捷性和基础设施的可用性（例如 Pump.fun 和低费用区块链）进一步推动了它们在加密市场的增长和接受度。

Hedge Funds Flock to Memecoin Allure Amidst Surging Profits

利润飙升，对冲基金纷纷涌向 Memecoin

In a recent Bloomberg report, the hedge fund industry's growing fascination with the often-volatile world of memecoins has come to light. Fuelled by recent price increases and substantial profits that have surpassed those of established cryptocurrencies like Bitcoin (BTC) and major altcoins, hedge funds are venturing into this nascent sector with increasing enthusiasm.

彭博社最近的一份报告显示，对冲基金行业对经常波动的模因币世界越来越着迷。在最近的价格上涨和超过比特币（BTC）和主要山寨币等成熟加密货币的丰厚利润的推动下，对冲基金正以越来越高的热情冒险进入这个新兴领域。

Memecoin Mania: A Case Study

Memecoin 狂热：案例研究

Newport Beach-based Stratos serves as a prime example of the appeal that memecoins hold for traditional finance institutions. In December, the firm launched a liquid fund with the Dogwifhat token, a Solana-based memecoin known for its mascot, a beanie-wearing dog.

总部位于纽波特海滩的 Stratos 是模因币对传统金融机构具有吸引力的一个典型例子。去年 12 月，该公司推出了一款流动基金，其中包括 Dogwifhat 代币，这是一种基于 Solana 的 memecoin，以其吉祥物——一只戴着无檐小便帽的狗而闻名。

Dogwifhat's meteoric rise in value, with its price surging over 300 times, reportedly propelled Stratos to a staggering 137% return in the first quarter of 2024. This outpaced the broader crypto market's gains, solidifying Dogwifhat's role as a major player in the crypto sphere. However, it is important to note that Dogwifhat has since retraced more than 35% from its March 31 all-time high of $4.83 and is currently trading at $3.09.

据报道，Dogwifhat 的价值迅速上涨，价格飙升了 300 多倍，推动 Stratos 在 2024 年第一季度实现了惊人的 137% 回报率。这超过了更广泛的加密市场的涨幅，巩固了 Dogwifhat 作为加密领域主要参与者的地位。然而，值得注意的是，Dogwifhat 自 3 月 31 日历史高点 4.83 美元以来已回撤超过 35%，目前交易价格为 3.09 美元。

Stratos is not alone in its pursuit of memecoin investments. Other hedge funds have also been drawn to this emerging market. Asset manager Brevan Howard has reportedly made a "tiny" investment in memecoins, while crypto fund Pantera Capital has recently emphasized the staying power and lucrative trading opportunities presented by these tokens.

Stratos 并不是唯一一家追求 memecoin 投资的公司。其他对冲基金也被吸引到这个新兴市场。据报道，资产管理公司 Brevan Howard 对 memecoin 进行了“小额”投资，而加密基金 Pantera Capital 最近强调了这些代币带来的持久力和利润丰厚的交易机会。

Skepticism and Speculative Frenzy

怀疑主义和投机狂潮

Despite the enthusiasm from some hedge funds, the report notes that many crypto participants remain skeptical of the value and sustainability of memecoins. Quinn Thompson, founder of Lekker Capital, a hedge fund experimenting with trading memecoins, likened the current frenzy to the speculative fervor observed in traditional markets with stocks like GameStop. He described memecoins as the "tip of the spear for speculation" and emphasized the "gambling-like" nature of their trading.

尽管一些对冲基金表现出热情，但报告指出，许多加密货币参与者仍然对模因币的价值和可持续性持怀疑态度。 Lekker Capital（一家尝试交易 memecoin 的对冲基金）的创始人 Quinn Thompson 将当前的狂热比作传统市场上 GameStop 等股票的投机热情。他将模因币描述为“投机的矛尖”，并强调其交易的“赌博性质”。

Cosmo Jiang, a portfolio manager at Pantera Capital, acknowledged the evolution of memecoins beyond mere jokes, referring to some as "culture coins" that symbolize membership in a particular group or belief system.

Pantera Capital 的投资组合经理 Cosmo Jiang 承认模因币的演变不仅仅是笑话，并将其中一些称为“文化币”，象征着特定群体或信仰体系的成员资格。

The Proliferation of Memecoins and Growing Infrastructure

Memecoin 的激增和基础设施的不断发展

The ease of creating and launching memecoins has escalated with the emergence of apps like Pump.fun, which allow users to mint coins in minutes. Blockchains like Solana and Coinbase's Base, offering low trading fees, have been inundated with these novel tokens.

随着 Pump.fun 等应用程序的出现，创建和启动 memecoin 变得越来越容易，用户可以在几分钟内铸造硬币。像 Solana 和 Coinbase's Base 这样的区块链提供较低的交易费用，已经被这些新颖的代币淹没了。

Josh de Vos, research lead at CCData, highlights the improved infrastructure supporting memecoins, including increased liquidity and the development of advanced futures markets on centralized exchanges (CEX).

CCData 研究主管 Josh de Vos 强调了支持 memecoin 的基础设施的改善，包括流动性的增加以及中心化​​交易所 (CEX) 上先进期货市场的发展。

Growing Acceptance and Institutional Involvement

越来越多的接受度和机构参与

As more hedge funds take memecoins seriously, Rennick Palley of Stratos anticipates a growing focus on these crypto assets. Drawing parallels to the initial skepticism surrounding cryptocurrencies, Palley suggests that meme-only funds may emerge, mirroring the creation of non-fungible token (NFT) funds.

随着越来越多的对冲基金认真对待 memecoin，Stratos 的 Rennick Palley 预计这些加密资产将受到越来越多的关注。与最初围绕加密货币的怀疑论相似，Palley 认为纯模因基金可能会出现，这反映了不可替代代币 (NFT) 基金的创建。

To underscore the interest and adoption of these emerging tokens, a recent study by CoinGecko revealed that in the first quarter of 2024, memecoins emerged as the most profitable crypto narrative, delivering massive average returns of 1312.6% across its top tokens.

为了强调这些新兴代币的兴趣和采用，CoinGecko 最近的一项研究显示，在 2024 年第一季度，memecoin 成为最赚钱的加密货币，其顶级代币的平均回报率高达 1312.6%。

Currently, the largest memecoin on the market, Dogecoin (DOGE), is trading at $0.1616, up 5% in the last seven days. It boasts a market capitalization of $23 billion.

目前，市场上最大的 memecoin 狗狗币 (DOGE) 的交易价格为 0.1616 美元，在过去 7 天内上涨了 5%。它拥有230亿美元的市值。

Disclaimer: This article is provided solely for educational purposes. It does not constitute investment advice and should not be construed as such. Investing involves risks, and it is essential to conduct thorough research and due diligence before making any investment decisions.

免责声明：本文仅用于教育目的。它不构成投资建议，也不应被解释为投资建议。投资涉及风险，在做出任何投资决定之前进行彻底的研究和尽职调查至关重要。