随着投资者对风险资产的酸痛

去年11月美国总统唐纳德·特朗普（Donald Trump）连任后，大多数模因硬币都大大落下。

Meme coin prices have slumped heavily from their recent highs as investors continue to pull back from risk assets.

由于投资者继续从风险资产中退缩，模因硬币的价格从最近的高价下降了。

Most meme coins are still massively up from the lows they hit in the wake of the U.S. presidential election. But some of the more speculative cryptocurrencies are down more than 90% from the peaks they reached in recent months.

在美国总统大选之后，大多数模因硬币仍然与他们所击中的低点相比。但是，一些更具投机性的加密货币比最近几个月达到的峰值下降了90％以上。

For instance, Fartcoin has declined about 90% from its peak, with most of those declines coming in recent weeks. The Trump meme coin is down more than 80% from the peak it hit around the U.S. president’s inauguration on Jan. 20 of this year.

例如，Fartcoin的峰值下降了约90％，其中大多数下降近几周。特朗普模因硬币比今年1月20日在美国总统就职典礼上达到的高峰降低了80％以上。

The selloff in meme coins comes amid a broader decline in crypto prices since Trump returned to the White House, with Bitcoin (BTC) falling from a peak of just over $109,000 to just below $80,000 during February. Meme coins are also under pressure after the U.S. Securities and Exchange Commission (SEC) ruled that most of the digital tokens are “not securities” and should not be treated like stocks.

自从特朗普返回白宫以来，Meme硬币的抛售是由于加密货币价格降低了，比特币（BTC）从2月份的峰值降至刚好超过109,000美元，低于80,000美元。在美国证券交易委员会（SEC）裁定大多数数字代币是“不是证券”，不应像股票一样对待，模因硬币也受到压力。

Not even Trump’s announcement in recent days that his administration is moving forward with a strategic crypto reserve has been enough to stop the slide in meme coins. Dogecoin (DOGE) is down 8% on March 3, days after Trump said on social media that he plans to create a crypto reserve that will not only involve Bitcoin but also include cryptocurrencies such as Ethereum (ETH), Solana (SOL) and Cardano (ADA).

即使在最近几天，特朗普也没有宣布他的政府正在通过战略加密保护区前进，足以阻止Meme Coins的幻灯片。在特朗普在社交媒体上表示，他计划创建一个不仅涉及比特币，而且包括以太坊（ETH），Solana（Solana（Sol）和Cardano（ADA）等加密货币，他计划创建一个加密保护区，但他计划创建一个加密保护区，在3月3日下降了8％，他计划创建一个加密保护区。

DOGE is now down 31% on the year.

Doge今年下跌了31％。

Most analysts don’t offer ratings or price targets on cryptocurrencies such as Dogecoin. So instead, we’ll look at the three-month performance of DOGE.

大多数分析师不提供诸如Dogecoin之类的加密货币的评级或价格目标。因此，相反，我们将查看Doge的三个月表现。

As one can see in the chart below, the price of Dogecoin has declined 53% in the last three months.

正如下图中可以看到的那样，在过去三个月中，多霉素的价格下跌了53％。