在“ Libragate”之后，Memecoin价格崩溃了，但他们还没有死

在“ Libragate”之后，Memecoin价格崩溃了，其市值比2025年的高点下降了近60％。

Following "Libragate," memecoin prices crashed, falling nearly 60% from 2025 highs and slashing the market cap by $47.9 billion.

在“ Libragate”之后，Memecoin价格崩溃了，从2025年的高点下降了近60％，并将市值削减了479亿美元。

Despite the chaos, meme tokens still exist, and degens are "buying the dip."

尽管有混乱，但仍然存在模因令牌，而Degens“购买了蘸酱”。

But what began as a joke has evolved into something more complex, blending financial insanity and internet culture.

但是，开玩笑开始的事情已经演变成更复杂，融合财务精神错乱和互联网文化的事物。

The good times had to end eventually. Following the memecoin madness of early 2025, prices have taken a hit, slashing the market cap by 60%.

美好时光最终必须结束。在2025年初的Memecoin疯狂之后，价格受到打击，将市值削减了60％。

From highs of $125 billion, the memecoin market cap now stands at $47.9 billion, as of March 10. It’s not exactly spare change.

截至3月10日，Memecoin市值从1,250亿美元的高潮开始，现在为479亿美元。这并不是完全零钱。

The fibs have been told, the hype men have hyped, and the banter has reached critical levels. After the "biggest crypto scam in history" and "billions lost in a rug pull," we're left with a familiar tale: Degens are still "buying the dip" like it's a Black Friday sale, convinced that absurdly named tokens like Unicorn Fart Dust, Fartcoin and Buttcoin will print them a 100x profit before year's end.

菲布已经被告知，炒作人已经炒作了，开玩笑达到了关键水平。在“历史上最大的加密骗局”和“数十亿美元的拉力拖拉”之后，我们剩下一个熟悉的故事：DeGens仍然像黑色星​​期五的销售一样“购买蘸酱”，坚信，像Unicorn Fart Dust，Fartcoin，Fartcoin和Buttcoin一样，荒谬的命名为代币会在年底之前将其打印出100X利润。

Some call it irrational. Others call it degeneracy. But when has that ever stopped anyone in crypto?

有人称其为非理性。其他人称其为堕落。但是什么时候阻止了加密货币的任何人？

While Bitcoin, Ether and Solana might be grabbing headlines, memecoins have been getting absolutely obliterated. Prices have tanked, liquidity has dried up, and traders who thought they'd be sipping cocktails on a yacht by now are busy coping in Telegram groups.

虽然比特币，以太和索拉纳可能会抓住头条新闻，但成员却越来越彻底了。价格已经下降了，流动性枯竭了，现在认为他们在游艇上喝鸡尾酒的交易者正忙于在电报组中应对。

Don't get us wrong; we're not saying it's impossible for memecoins to stage a comeback. They've pulled off worse feats.

不要误会我们的意思；我们并不是说Memecoins不可能卷土重来。他们实现了更糟糕的壮举。

After all, logic has never been crypto's strong suit. If it were, we wouldn't have seen billion-dollar valuations for fart-themed tokens in the first place. And if human nature tells us anything, it's that people will always chase the next big hype cycle — especially when it comes wrapped in humor and the promise of overnight riches.

毕竟，逻辑从来都不是加密货币的强项。如果是这样，我们就不会首先看到十亿美元的估值。如果人性告诉我们任何事情，那就是人们总是会追逐下一个大炒作周期，尤其是当它包裹在幽默和过夜财富的希望中。

Memecoins are down bad right now. But dead? Not a chance. The moment another ridiculous trend takes hold, the money will come flooding back. Because in crypto, what goes down eventually goes way back up — often in the most unexpected, meme-fueled ways.

Memecoins现在不好。但是死了？没有机会。另一个荒谬的趋势消失的那一刻，这笔钱将涌入洪水。因为在加密货币中，下降最终会恢复 - 通常是以最出乎意料的模因燃料方式。

Memecoins vs. serious crypto projects

Memecoins与严重加密项目

Forget white papers, roadmaps or security audits. Memecoins don't need any of that. All it takes is a viral meme on X, a 10-minute token launch, and within a few weeks, it could be sitting at a $50-million market cap.

忘记白皮书，路线图或安全审核。 Memecoins不需要任何东西。它只需要在X上进行病毒模因，即10分钟的代币发布，几周后，它可能会达到5000万美元的市场上限。

Meanwhile, legitimate projects spend years developing products, hiring developers and raising funds, only to watch their tokens struggle to gain traction.

同时，合法的项目花费数年的时间开发产品，雇用开发人员并筹集资金，只是看着他们的代币努力获得吸引力。

For memecoins, community is everything. The bigger it is, the better the pump. It's not just the kind that retweets project updates 10 times daily but one that fully embraces the joke. These communities don't just speculate — they believe. And when enough people buy the meme, the token pumps.

对于Memecoins来说，社区就是一切。它越大，泵就越好。这不仅是转发项目每天更新10次的那种，而且还完全包含了笑话。这些社区不仅猜测 - 他们相信。当足够多的人购买模因时，令牌泵。

Shiba Inu built a cult following as the so-called Dogecoin killer. It never killed DOGE, but it evolved into a $9-billion token with its own blockchain.

Shiba Inu成为了所谓的Dogecoin杀手。它从未杀死道路，但用自己的区块链演变为90亿美元的令牌。

Others took an even weirder approach. Fartcoin turned flatulence into finance. Unicorn Fart Dust captured the magic of completely nonsensical branding. And Buttcoin, a 2013 meme mocking Bitcoin, made a comeback to troll the entire industry.

其他人采取了更奇怪的方法。 Fartcoin将肠胃气胀变成金融。 Unicorn Fart Dust捕捉了完全荒谬的品牌的魔力。 2013年模因嘲笑比特币的ButtCoin卷土重来，以巨魔整个行业。

The formula is obvious: The more absurd the name, the bigger the hype. Sometimes, "it's funny" is the only investment thesis you need.

公式很明显：名称越荒谬，炒作越大。有时，“很有趣”是您需要的唯一投资论文。

Sure, the recent crash wiped out some gains, but let's not act like memecoins vanished. They didn't go to zero, which, in crypto terms, makes them survivors. A strong community, relentless memes and top-tier shitposting can keep even the most ridiculous assets alive.

当然，最近的坠机事件消除了一些收益，但让我们不要像Memecoins一样消失。他们没有进入零，用加密货币来说，这使他们成为幸存者。一个强大的社区，无情的模因和顶尖的杂物可以使最荒谬的资产保持活力。

Memecoins vs. traditional finance

纪念因素与传统金融

People are investing money in Dogecoin instead of Apple stock, and for good reason. Well, sort of.

人们正在将钱投资于Dogecoin而不是苹果股票，这是有充分理由的。好吧，有点。

Crypto has become the go-to escape hatch for those fed up with traditional finance. Banks freeze accounts. Regulators add more red tape. Insider trading runs rampant.

加密已成为那些受够厌倦了传统金融的人的首选逃生舱口。银行冻结帐户。监管机构添加更多繁文tape节。内幕交易猖ramp。

Memecoins, on the other hand, are a free-for-all, where anyone can win big or lose everything. No middlemen. No rules. Just vibes.

另一方面，Memecoins是一个免费的全部，任何人都可以赢得胜利或失去一切。没有中间商。没有规则。只是共鸣。

The same Buttcoin proves that people will pump anything just for fun. What started as a joke now has a dedicated community trying to make it the next Bitcoin. It's complete insanity, which is precisely why it works.

同样的对接币证明人们会为了娱乐而抽任何东西。最初的笑话现在有一个敬业的社区试图使其成为下一个比特币。这是完全精神错乱的，这正是它起作用的原因。

If the world has gone mad, why not profit from the chaos?

如果世界生气了，为什么不从混乱中获利呢？

As financial markets become more centralized, restrictive and controlled, memecoins offer an anarchic alternative. They represent the financial Wild West

随着金融市场变得更加集中，限制性和受控，Memecoins提供了无政府状态的替代方案。他们代表金融野生西部