Memecoins死了吗？

模因硬币是加密行业中最受关注的资产。有些人称其为纯粹的赌博形式，而有些人则称其为流行文化的一部分。

Meme coins have been a hot topic in the crypto industry, with some seeing them as a new form of gambling while others view them as a part of pop culture. Love them or hate them, you can’t ignore them.

模因硬币一直是加密货币行业的热门话题，有些人将它们视为一种新的赌博形式，而另一些人则将其视为流行文化的一部分。爱他们或恨他们，您不能忽略他们。

These “joke coins” also form a major chunk of the crypto industry with over $48.37 billion in market cap and they are endorsed by some biggest influential personalities such as Donald Trump, Elon Musk, Snoop Dogg and many more. In fact, the US president has his own meme coin named “OFFICIAL TRUMP”.

这些“笑话硬币”还构成了加密货币行业的主要部分，拥有超过483.7亿美元的市值，并且得到了一些最大的有影响力的人物，例如唐纳德·特朗普，埃隆·马斯克，史努比·多格等。实际上，美国总统有自己的模因硬币被称为“官方特朗普”。

However, despite their popularity, memecoins have also faced significant criticism in recent times, both within the industry and from the outsiders. The reasons for this criticism vary, ranging from allegations of insider trading to the underlying theoretical issue of utility with memecoins.

然而，尽管它们很受欢迎，但近期，无论是在行业内还是外部人士，Memecoins还是受到了重大批评。这种批评的原因各不相同，从内幕交易的指控到与Memecoins实用性的基本理论问题。

To top it all, recent bad performance of top meme coins including Dogecoin, Trump and Melania have worsened the fears that this might be the end of the road for memecoins phenomenon.

最重要的是，包括Dogecoin，Trump和Melania在内的顶级模因硬币最近表现不佳，这使人们担心这可能是Memecoins现象的终结。

After the recent debacle over meme coins launched by President Trump and Argentina President Javier Milei and critical statements from CZ, Brian Armstrong, Cathy Woods and other prominent folks, many in the industry are speculating that this might be the end of meme coins.

在最近对特朗普总统和阿根廷总统贾维尔·米利（Javier Milei）发起的模因硬币以及CZ，Brian Armstrong，Cathy Woods和其他著名人物的批判性言论发起的崩溃之后，该行业中的许多人都在猜测这可能是Meme Coins的终结。

The debate began when the U.S. President launched its meme coin known as $TRUMP. Despite the initial buzz and robust price boost, it tanked badly. Trump was also under fierce criticism from the political cordons as well as the crypto community. James Thurber, the founder and former director of the Center for Congressional and Presidential Studies stated,” “There are shameful and major conflicts of interest concerning his family business benefiting from his cryptocurrency policies,”

辩论始于美国总统发起其模因硬币，称为$ trump。尽管最初的嗡嗡声和强劲的价格提高，但它还是很严重。特朗普也受到政治警戒线以及加密货币社区的激烈批评。国会和总统研究中心的创始人兼前主任詹姆斯·瑟伯（James Thurber）说：“关于他的家族企业，他的加密货币政策受益于他的家族企业，有可耻和重大的利益冲突，”

Another event that fueled this discussion was the promotion of the $LIBRA coin by Argentina’s president Javier Milei on February 14, 2025. Argentina’s president endorsed $LIBRA token on his official X account which turned out to be an alleged scam. This promotional post by Milei snowballed into a huge controversy and investors lost approximately $4 billion shortly after its launch, leading to a judicial investigation for potential fraud.

另一个引起讨论的活动是2025年2月14日，阿根廷总统贾维尔·米利（Javier Milei）推广了$ libra币。米利（Milei）的宣传职位滚雪球陷入了巨大的争议，投资者在推出后不久损失了约40亿美元，导致对潜在欺诈行为进行了司法调查。

Many industry leaders including Binance former CEO Changpeng Zhao, Coinbase CEO Brian Armstrong and Influential American investor Cathie Wood Cathy Woods have suggested buyers to beware of such “joke” coins. Even Cathie Wood believes that a majority of meme coins circulating in the crypto market will likely be worthless soon.

包括Binance前首席执行官Changpeng Zhao，Coinbase首席执行官Brian Armstrong和有影响力的美国投资者Cathie Wood Cathy Woods在内的许多行业领导者建议买家提防这种“笑话”硬币。甚至Cathie Wood都认为，在加密货币市场中流通的大多数模因硬币很快就会毫无价值。

On memecoins…Memecoins have generated a lot of buzz recently, and I’ve gotten some questions on how I think about them. I am personally not a memecoin trader (beyond a few test trades), but they’ve become hugely popular. Arguably, they’ve been with us since the beginning –…

在Memecoins上…Memecoins最近引起了很多嗡嗡声，我对我的看法有一些疑问。我个人不是一个成人交易者（超越了一些测试交易），但是它们变得非常受欢迎。可以说，他们从一开始就一直与我们在一起 - …

— Brian Armstrong (@brianarmstrong) February 16, 2025

- Brian Armstrong（@brianarmstrong）2025年2月16日

In a February X post, Brian Armstrong Co-founder and CEO of Coinbase, stated that he is also skeptical about the rising trend of meme coins and advised users many times to take caution while investing in it. He advised users to build a long-term mindset and choose their investment decisions wisely.

在2月的X帖子中，Brian Armstrong联合创始人兼Coinbase首席执行官表示，他对Meme Coins的上升趋势也持怀疑态度，并建议用户多次谨慎行事。他建议用户建立长期心态，并明智地选择他们的投资决策。

Not only this, former CEO of Binance, Changpeng “CZ” Zhao also publicly criticized meme coins. In Nov 2024 post CZ said “I am not against memes, but meme coins are getting ‘a little’ weird now. Let’s build real applications using blockchain.”

不仅是Binance的前首席执行官，Changpeng“ CZ” Zhao还公开批评了Meme Coins。 CZ Post在2024年11月说：“我不反对模因，但是Meme硬币现在变得有些奇怪。让我们使用区块链构建真实的应用程序。”

I am not against memes. But meme coins are getting "a little" weird now. Let's build real applications using blockchain. We have the technology and the community to do amazing things that can change the world for the better. What do you think?

我不反对模因。但是，模因硬币现在变得有点奇怪。让我们使用区块链构建实际应用程序。我们拥有技术和社区来做可以改变世界的惊人事情。你怎么认为？

— Changpeng Zhao (@binancechain) November 20, 2024

Experts also criticized the performance of top memecoins as they haven’t given any return in the last few months. Meanwhile, some experts believes that these top meme coins are dead. The vast majority of investors lose money in the memecoins and they are too volatile and short lives.

专家还批评了顶级成年人的表现，因为他们在过去几个月中没有得到任何回报。同时，一些专家认为这些顶级模因硬币已经死了。绝大多数投资者在模因中损失了金钱，他们过于动荡且寿命短。

So is this the

所以这就是