Memecoin 在 2024 年第一季度主导加密市场叙事，Book Brett (BRETT) 上涨 7,727.6%

模因币行业已成为今年迄今为止最赚钱的行业。该报告显示，按市值计算，顶级 memecoin 的平均回报率高达 1,312.6%。

During a heated exchange on X, Wolk accused Thomas, a prominent crypto influencer, of promoting Solana memecoins without genuine market insight, benefiting at the expense of his unsuspecting followers.

在 X 上的激烈交流中，Wolk 指责著名加密货币影响者 Thomas 在没有真正市场洞察的情况下推广 Solana memecoin，以牺牲毫无戒心的追随者的利益为代价。

Wolk initially mentioned Thomas during a discussion about Murad Mahmudov’s “Memecoin Supercycle” speech at Token 2049 last month. He slammed Thomas for promoting coins to his followers rather than offering a genuine market advantage.

上个月，Wolk 在 Token 2049 上讨论 Murad Mahmudov 的“Memecoin Supercycle”演讲时最初提到了 Thomas。他抨击托马斯向他的追随者推销硬币，而不是提供真正的市场优势。

“It’s definitely the guy who blew up his fund in March 2020 with his own token down 80% in the past year and pivoted to promoting new pumps.” Wolk added, “If you resort to promoting new low-cap memecoins every few days to followers as a large account, it’s bc you have no edge and have to use your followers instead.”

“这绝对是那个在 2020 年 3 月炸毁了他的基金的人，他自己的代币在过去一年里下跌了 80%，并转向推广新的泵。”沃尔克补充道，“如果你每隔几天就向追随者推销新的低上限模因币作为一个大账户，那么你就没有优势，必须使用你的追随者。”

Mahmudov was the Chief Investment Officer of Adaptive Capital, a crypto hedge fund that collapsed in March 2020 during a broader market downturn. Since then, he has amassed a large following on X by promoting the role of memecoins in the cryptocurrency space and regularly sharing his top memecoin picks.

Mahmudov 是 Adaptive Capital 的首席投资官，这是一家加密货币对冲基金，于 2020 年 3 月大范围市场低迷期间倒闭。从那时起，他通过宣传模因币在加密货币领域的作用并定期分享他的热门模因币精选，在 X 上积累了大批追随者。

Thomas Defends Memecoin Promotions Amidst Harsh Allegations

托马斯在严厉指控中为 Memecoin 促销活动辩护

When Thomas asked Wolk why “talking about low caps”—referring to memecoins with small market capitalizations—was considered “grifting,” Wolk highlighted that Thomas, with over 507,000 followers on X, has a unique ability to sway the value of these low-cap tokens. According to Wolk, this influence could lead to his followers suffering significant losses as they might chase after memecoin pumps without fully understanding the risks.

当托马斯问沃尔克为什么“谈论低市值”——指的是市值较小的模因币——被认为是“诈骗”时，沃尔克强调，托马斯在 X 上拥有超过 507,000 名粉丝，拥有影响这些低市值币价值的独特能力。上限代币。根据沃尔克的说法，这种影响可能会导致他的追随者遭受重大损失，因为他们可能会在没有充分了解风险的情况下追逐模因币。

Thomas also defended his actions by pointing out that his promotion of Dogwifhat (WIF) to his followers at a $100,000 market cap had yielded remarkable results. The memecoin surged to a peak value of $4.8 billion in March. He argued that this was a far “better” outcome than endorsing a utility-based token like Chainlink (LINK), which has dropped by around 90% against Bitcoin this year.

托马斯还为自己的行为进行了辩护，指出他以 10 万美元的市值向追随者推广 Dogwifhat (WIF) 取得了显着的效果。 Memecoin 的价值在 3 月份飙升至 48 亿美元的峰值。他认为，这比支持 Chainlink (LINK) 这样的基于实用程序的代币要“更好”得多，今年它相对于比特币的价格已经下跌了约 90%。

“The ‘low-cap garbage’ you talk about has dominated 90% of retail mindshare in crypto over the past year,” Thomas countered. “Whether you like it or not, that’s what [people] want to trade.”

“过去一年里，你所说的‘低市值垃圾’占据了加密货币领域 90% 的散户思维，”托马斯反驳道。 “无论你喜欢与否，这就是[人们]想要交易的东西。”

Wolk responded, accusing Thomas of promoting “hundreds” of low-cap coins such as BODEN, HOBBES, WYNN, and ZEUS. He also alleged that Thomas endorsed several celebrity-themed memecoins, including those linked to pop stars Jason Derulo and Davido.

沃尔克对此做出回应，指责托马斯推销“数百种”低市值代币，例如博登（BODEN）、霍布斯（HOBBES）、永利（WYNN）和宙斯（ZEUS）。他还声称托马斯认可了几种名人主题的模因币，包括与流行歌星杰森·德鲁洛和达维多有关的模因币。

“How you do not see the issue with having 500K+ followers and rotating micro-cap coin shills every few days when you know very well people blindly buy off your posts, impacting the price?” Wolk also explained, “Look at WYNN or all the celeb coins you shilled and all of the people who got rekt (then after posting about so many coins only point out 1-2, which end up being right).”

“当你很清楚人们盲目购买你的帖子，影响价格时，你怎么看不到拥有超过 50 万粉丝和每隔几天轮换微型币托的问题呢？” Wolk 还解释道，“看看 WYNN 或你推销的所有名人币以及所有获得 rekt 的人（然后在发布这么多币后只指出 1-2，最终是正确的）。”

Memecoins in Decline

Memecoin 的衰落

BODEN, a memecoin inspired by President Joe Biden, has plummeted nearly 99% from its all-time high in April. Similarly, other memecoins like HOBBES, ZEUS, and WYNN have also seen significant declines, each down approximately 98% from their respective peaks. This sharp downturn highlights the volatility and risks associated with investing in memecoins.

BODEN 是一种受乔·拜登总统启发的模因币，已较 4 月份的历史高点暴跌近 99%。同样，HOBBES、ZEUS 和 WYNN 等其他模因币也出现了大幅下跌，均较各自峰值下跌了约 98%。这种急剧下滑凸显了与投资模因币相关的波动性和风险。

BODEN has crashed 98.9% since reaching its peak market cap of $1.04 billion back in April, according to Brave New Coin data.

根据 Brave New Coin 的数据，自 4 月份达到 10.4 亿美元的峰值市值以来，BODEN 已暴跌 98.9%。

Memecoin advocates argue that tokens like Dogecoin (DOGE), Pepe (PEPE), and WIF, despite being structurally worthless, offer a superior investment opportunity compared to utility tokens. They point to the significant returns these memecoins have delivered in this market cycle as evidence of their appeal. In Q1 this year for example, memes were the best performing crypto assets by a significant margin.

Memecoin 的拥护者认为，狗狗币 (DOGE)、Pepe (PEPE) 和 WIF 等代币尽管在结构上毫无价值，但与实用代币相比，提供了更好的投资机会。他们指出这些模因币在这个市场周期中所带来的巨大回报作为其吸引力的证据。例如，在今年第一季度，模因是表现最好的加密资产，遥遥领先。

Critics argue that memecoins are inherently “extractive.” They claim that these tokens enable insiders and early investors to profit significantly from less sophisticated retail participants. Once they have made their gains, these individuals often vanish with the profits, leaving average investors at a loss.

批评者认为模因币本质上是“榨取性的”。他们声称这些代币使内部人士和早期投资者能够从不太成熟的散户参与者那里获得巨额利润。一旦获得收益，这些人往往会随利润消失，让普通投资者蒙受损失。

Memecoin Mania 2024

Memecoin 狂热 2024

At the start of the year, Bitcoin led the crypto market’s move into bull market territory, but it was meme coins that captured the altcoin zeitgeist. While Bitcoin comfortably outperformed the altcoin markets, there were some exceptions. Most of those exceptions were memecoins. This year’s surprising memecoin phenomenon is a potent demonstration of the power of memes to capture the cultural zeitgeist, and they have come to dominate the current crypto cycle.

今年年初，比特币引领加密货币市场进入牛市领域，但迷因币抓住了山寨币的时代精神。虽然比特币的表现明显优于山寨币市场，但也有一些例外。大多数例外都是模因币。今年令人惊讶的模因币现象有力地证明了模因捕捉文化时代精神的力量，并且它们已经主导了当前的加密货币周期。

Memecoins are an incredibly popular and volatile subset of the crypto markets. Memecoins are blockchain-based tokens that are based on popular pieces of internet culture. They are generally characterized by having minimal

Memecoin 是加密货币市场中非常受欢迎且不稳定的子集。 Memecoin 是基于区块链的代币，基于流行的互联网文化。它们的一般特点是具有最小的