模因硬币主题的结尾？

自去年年初以来一直领导硬币市场的Memecoin最近继续削弱，其市值在一个月内蒸发了一半以上。

The total cryptocurrency market capitalization dropped by $100 billion in a week to $900 billion, marking its lowest point since February, according to CoinMarketCap data on Thursday afternoon.

根据CoinMarketCap周四下午的数据，一周中的加密货币市值总计下降了1000亿美元至9000亿美元，标志着其自2月以来的最低点。

The downturn in the meme coin sector, which had been a highlight of the market earlier in the year, contributed significantly to the decline. The meme coin market capitalization decreased by 51.30% to $57.3 billion, contrasting sharply with the $117.6 billion reported last month following the launch of "Official Trump."

在今年早些时候曾是市场的亮点，模因硬币行业的低迷助长了这一下降。模因硬币市值下降了51.30％，至573亿美元，与上个月“官方特朗普”上个月报道的1176亿美元形成鲜明对比。

The major meme coins also experienced a decline, with Dogecoin decreasing by 48.0%, Pepe by 54.4%, and Official Trump by 82.8% over the same period.

主要的模因硬币也有所下降，狗狗蛋白在同一时期下降了48.0％，PEPE下降了54.4％，特朗普官方的官方特朗普下降了82.8％。

The meme coins had enjoyed immense popularity, especially in the final quarter of last year, as the U.S. Securities and Exchange Commission (SEC) was less likely to intervene due to the coins' lack of purpose or use, rendering them less susceptible to legal issues. They also quickly adapted to reflect the latest online trends.

模因硬币享有极大的知名度，尤其是在去年的最后一个季度，因为由于硬币缺乏目的或使用，美国证券交易委员会（SEC）的干预可能性较小，因此使它们不易对法律问题敏感。他们还迅速适应了最新的在线趋势。

The market sentiment shifted following the launch of President Donald Trump's meme coin, "Official Trump," on the 17th of last month. The coin's capitalization exceeded 20 trillion won shortly after its listing.

上个月17日，唐纳德·特朗普（Donald Trump）总统的模因硬币“官方特朗普”发起后，市场情绪发生了变化。硬币的资本化在上市后不久就超过了20万亿韩元。

As reported by Tiger Research, "Memcoin is emerging as a key trading item for virtual asset exchanges in speculative assets, driving changes in the flow of funds in the market along with a large inflow of liquidity."

据Tiger Research报道，“ Memcoin正在成为投机资产虚拟资产交换的关键交易项目，推动了市场资金流以及大量流动性的变化。”

Following the success of the official Trump coin, the first lady 'Melania Meme' coin also appeared. On the 14th, 'Libra,' an Argentine president Javier Milay meme coin, and 'Argentina's Trump' also made their debut.

在官方特朗普硬币的成功之后，第一夫人的《梅拉尼亚模因》也出现了。 14日，阿根廷总统哈维尔·米莱·梅米·币和“阿根廷的特朗普”也首次亮相。

However, these coins deviated from the original essence of meme coins. The meme coins were typically released with the same initial price, and the foundation, holding no more than 80% of the distribution volume, aimed not to affect the price.

但是，这些硬币偏离了模因硬币的原始本质。模因硬币通常以相同的初始价格释放，并且基金会持有不超过分销量的80％，旨在不影响价格。

In contrast, Trump MemeCoin bought back 80% of the volume immediately after the issuance, and Trump later announced on his social network (SNS) that "This is the official Trump meme coin."

相比之下，特朗普·梅肯（Trump Memecoin）在发行后立即收回了80％的数量，特朗普随后在他的社交网络（SNS）上宣布“这是官方的特朗普模因硬币”。

MemeCoin received attention for purely inheriting the spirit of Bitcoin in opposition to centralized capital, as highlighted by Kim Min-seung, head of the Covit Research Center. However, he noted that the ecosystem has cooled rapidly as the culture was distorted by Trump and Milay MemeCoin.

Memecoin纯粹是在反对集中资本的纯粹继承了比特币精神的关注，正如Covit Research Center负责人Kim Min-Seung所强调的那样。但是，他指出，随着特朗普和米莱·梅肯（Milay Memecoin）扭曲文化的扭曲，生态系统迅速冷却。

Another pressing issue arose from North Korean hackers who recently hacked Bibit, the world's second-largest exchange by transaction volume, to launder money using the meme coin "Jinxi Huang."

另一个紧迫的问题来自朝鲜黑客，他们最近用Meme Coin“ Jinxi Huang”攻击了Bibit，Bibit是全球第二大交易量的Bibit。

According to blockchain analyst ZachXBT, Lazarus issued about 500,000 Qin Shihuang coins at Pumpfun, a Solana-based meme coin trading platform.

根据区块链分析师Zachxbt的说法，Lazarus在总部位于Solana的Meme Coin Coin Trupping Platform Pumpfun发行了约500,000次Shihuang Coins。

The trading volume of Qin Shi Huang quickly increased to $26 million within three hours of the issuance, attributed by analysts to Lazarus's actions to launder money.

分析师归因于拉撒路（Lazarus）对洗钱的行为，秦施的交易量迅速增加到2600万美元。

Following the news, Solana removed the Qin Shi Huang coin from Pumpfun. Currently, only similar meme coins are traded at Pumpfun, not the ginxihuang coins issued by Lazarus.

新闻后，索拉纳（Solana）从pumpfun删除了Qin Shi Huang Coin。目前，只有类似的模因硬币是在Pumpfun进行的，而不是Lazarus发行的Ginxihuang硬币。

Amid this situation, some predict the end of the meme coin trend. Matt Hogan, Chief Investment Officer (CIO) of Bitcoin spot ETF issuer Bitwise, expressed his view that there are enough assets to replace meme coins, such as Bitcoin, stablecoins, and real-linked assets (RWA). He predicts the end of meme coins is in sight in the virtual asset market.

在这种情况下，有些人预测了模因硬币趋势的终结。比特币现场ETF发行人Bitwise的首席投资官（CIO）Matt Hogan表示，他认为有足够的资产来取代模因硬币，例如比特币，Stablecoins和Realind-Chind-Chine-clinceed Assets（RWA）。他预测，在虚拟资产市场中，模因硬币的结束已经存在。

MemeCoin is growing based on abundant market liquidity, but it is also a problem that the virtual asset market continues to weaken. As of 3 p.m., Bitcoin is trading at $85,801, down 3.31% from the previous day. Bitcoin has fallen 10.86% in the last three days.

Memecoin基于大量市场流动性而增长，但这也是虚拟资产市场继续削弱的问题。截至下午3点，比特币的交易价格为85,801美元，比前一天下降了3.31％。在过去三天中，比特币下跌了10.86％。