Mem Coin Supercycle在2个月内市值下降46％，而超级循环崩溃

一旦被猜测和炒作加油，现在所谓的“模因硬币超级循环”似乎正在瓦解。

The meme coin market has seen massive downturn, with total market cap plummeting by 46% in two months.

模因硬币市场的衰退巨大，在两个月内，总市值下降了46％。

Once fueled by speculation and hype, the so-called “meme coin supercycle” now appears to be unraveling.

一旦被猜测和炒作加油，现在所谓的“模因硬币超级循环”似乎正在瓦解。

During the same period, the broader crypto market also faced significant losses, shedding 10% of its total market cap.

在同一时期，更广泛的加密货币市场也面临着巨大的损失，占其总市值的10％。

Here's a closer look at the key developments:

这是对关键发展的仔细研究：

- Meme Coin Market Suffers

- 模因硬币市场受苦

According to CoinMarketCap, the total market cap of meme coins has plunged from $137 billion to $74 billion in just two months, returning to levels last seen in November 2024.

根据CoinMarketCap的数据，Meme Coins的总市值从短短两个月内从1370亿美元跌至740亿美元，恢复到2024年11月出现的水平。

Trading volumes have also declined sharply, dropping by 29% in the same period. These market movements have led many to question the legitimacy of the meme coin supercycle.

交易量也急剧下降，同一时期下降了29％。这些市场变动使许多人质疑模因硬币超级循环的合法性。

“Meme coin supercycle” is the biggest bullshit I’ve ever heard,” weRate’s co-founder Quinten Francois wrote on X (Formerly Twitter)

“模因硬币超级循环”是我听说过的最大胡说八道，”沃尔特的联合创始人Quinten Francois在X（以前是Twitter）上写道

Similarly, another crypto influencer, IcedKnife, labeled the entire meme coin rally as a scam, reinforcing the growing skepticism.

同样，另一个加密影响者伊塞克（Iceknife）将整个模因硬币集会标记为骗局，从而加剧了日益增长的怀疑。

Notably, even over the past week, the top 10 meme coins have posted double-digit losses. Official Trump (TRUMP) and Pudgy Penguins (PENGU) suffered the steepest declines, according to CoinGecko.

值得注意的是，即使在过去的一周中，前10个模因硬币也遭受了两位数的损失。据Coingecko称，官方特朗普（特朗普）和矮胖的企鹅（彭瓜）的下降幅度最高。

The sell-off intensified on Monday when President Donald Trump imposed tariffs on Canada, Mexico, and China. This triggered the worst liquidation event in history. Total liquidations exceeded $2 billion, with all major crypto assets recording losses.

周一，当唐纳德·特朗普总统对加拿大，墨西哥和中国征收关税时，抛售加剧。这引发了历史上最严重的清算事件。总清算超过20亿美元，所有主要加密资产记录损失。

That's not all. According to the estimates from Bybit’s CEO, crypto liquidations could have totaled between $8 billion and $10 billion.

那不是全部。根据BYBIT首席执行官的估计，加密货币清算可能在80亿至100亿美元之间。

This liquidity crunch further shook investor confidence in meme coins. Crypto analyst Kale Abe suggested that after significant liquidations, interest in new meme coin launches would likely decline.

这种流动性紧缩进一步震惊了投资者对模因硬币的信心。加密分析师Abe Abe建议，经过大量清算，对新模因硬币发射的兴趣可能会下降。

“After $10 billion in liquidations, NO ONE is gonna buy new meme coin launches. We are stuck with existing coins and those existing coins are down 90%,” Abe posted on X.

“经过100亿美元的清算，没有人会购买新的模因硬币。我们被现有的硬币困住了，现有硬币下降了90％。”

However, some remained optimistic. Meme coin investor and analyst Murad expressed optimism despite the market downturn.

但是，有些仍然乐观。尽管市场低迷，但Meme Coin投资者和分析师Murad表示乐观。

“Buckle up, the best year of your life is coming,” Murad stated.

穆拉德说：“系好，您一生中最好的一年来了。”

This followed the Monday wipeout, when his portfolio dropped by 26%, according to Arkham Intelligence.

根据阿卡姆情报局的说法，这是在星期一的消灭之后，当时他的投资组合下降了26％。

Later, a diplomatic breakthrough helped the market recover. The Mexican President and the Canadian Prime Minister reached an agreement with President Trump to postpone a potential trade war.

后来，外交突破有助于市场恢复。墨西哥总统和加拿大总理与特朗普总统达成了一项协议，以推迟潜在的贸易战。

This news triggered a sharp market-wide recovery. Bitcoin (BTC) surged back above $100,000.

该消息引发了整个市场的急剧恢复。比特币（BTC）飙升至100,000美元以上。

Moreover, meme coins also saw a resurgence. According to CoinGecko, their total market cap appreciated by just over 4%.

此外，Meme硬币还看到了一个复兴。据Coingecko称，他们的总市值刚刚超过4％。

The top 10 meme coins rallied by double digits, except TRUMP. Floki (FLOKI), Pengu, and Dogecoin (DOGE) emerged as the biggest gainers in the past 24 hours.

除特朗普以外，十大模因硬币以双位数字集结。 Floki（Floki），Pengu和Dogecoin（Doge）在过去24小时内成为最大的涨幅。