由于投资者似乎正在从投机性模因硬币转移，模因硬币派对可能已经结束

Yzi Labs（区块链投资公司）负责人Ella Zhang告诉Beincrypto，尽管社区主导的叙事最初提供了更公平的投资机会

Investors appear to be pivoting away from speculative meme coins and toward digital assets with robust foundations. This shift is evident in the declining market capitalization of meme coins, a trend that began in November 2024, as noted by YZi Labs, a blockchain investment firm.

投资者似乎正在从投机性模因硬币转向具有强大基础的数字资产。正如区块链投资公司Yzi Labs所指出的那样，Meme Coins的市值下降，这一转变是明显的。

Ella Zhang, Head of YZi Labs, highlighted that while community-led narratives initially provided more equitable investment opportunities, their popularity has dwindled due to a lack of substantial underlying value.

Yzi Labs负责人Ella Zhang强调，尽管社区主导的叙事最初提供了更公平的投资机会，但由于缺乏实质性的基本价值，其知名度却逐渐减少。

As the market matures, the initial attraction of meme coins is fading, Zhang stated. Investors are becoming increasingly selective, seeking projects that showcase real-world applications and long-term viability. They are interested in observing real value rather than viral trends.

张说，随着市场的成熟，模因硬币的最初吸引力正在褪色。投资者正在越来越选择性，寻求展示现实世界应用和长期可行性的项目。他们有兴趣观察实际价值而不是病毒趋势。

Meme coins, such as Dogecoin (DOGE) and Shiba Inu (SHIB), rose to prominence largely through viral internet culture and endorsements from well-known figures. However, recent analyses indicate a diminishing interest in these assets.

模因硬币（例如Dogecoin（Doge）和Shiba Inu（Shib））在很大程度上通过病毒互联网文化和知名人物的认可而引起了人们的关注。但是，最近的分析表明对这些资产的兴趣减少。

According to YZi Labs, meme coin market capitalization has been steadily declining since November 2024. This shift might be attributed to regulatory bodies clarifying their stance on meme coins. For instance, the US Securities and Exchange Commission (SEC) recently stated that meme coins will not be considered securities.

根据Yzi Labs的说法，自2024年11月以来，Meme Coin市值一直在稳步下降。这种转变可能归因于监管机构，阐明了他们对模因硬币的立场。例如，美国证券交易委员会（SEC）最近表示，模因硬币将不被视为证券。

While this removes some regulatory uncertainty, it also underscores the inherent risks of meme coins, prompting investors to shift towards more regulated and stable assets in their portfolios.

尽管这消除了某些监管不确定性，但它也强调了模因硬币的固有风险，促使投资者朝着其投资组合中的更具监管和稳定的资产转向。

The Short, Brutal Life of a Meme Coin

模因硬币的短暂而残酷的生活

Zhang views the success of meme coins as a passing fad. She adds that while 40,000 to 50,000 crypto tokens are created daily, the average lifespan of a liquid meme coin is a mere 1.3 hours, and only about 5% of them manage to achieve a market cap exceeding $10 million.

张将模因硬币的成功视为流行时尚。她补充说，尽管每天创建40,000至50,000个加密代币，但液体模因硬币的平均寿命仅为1.3小时，只有约5％的人能够达到超过1000万美元的市值。

“This isn’t to say there aren’t any good meme coins but without fundamentals, sustaining value is nearly impossible. For any asset to grow in the long term, it needs one or multiple underlying services, businesses, products, technologies, or innovations to fuel the price.”

“这并不是说没有任何好的模因硬币，但是没有基本面，几乎不可能维持价值。为了长期增长任何资产，它都需要一项或多种基础服务，企业，产品，技术或创新来推动价格。”

The diminishing interest in meme coins appears to reflect a broader maturing sentiment within the cryptocurrency market. For instance, Pump.fun, the popular memecoin launchpad hosted on Solana, has seen better days recently.

对模因硬币的兴趣减少似乎反映了加密货币市场中更广泛的成熟情绪。例如，在Solana上托管的受欢迎的Memecoin Launchpad Pump.Fun最近已经过了更好的日子。

Fewer meme coins launched on the site are surviving, and token graduation is at its lowest. This indicates that the new wave of meme coins is struggling to gain traction compared to previous batches.

该网站上推出的模因硬币较少，而代币毕业最低。这表明与以前的批次相比，新的模因硬币浪潮正在努力获得牵引力。