成人不仅是主流。他们正在重塑整个市场周期

不久前，一个互联网笑话可能会成为数十亿美元的资产类别的想法似乎是可笑的。如今，Memecoins不仅是主流。

Not long ago, the idea of an internet joke becoming a multibillion-dollar asset class seemed laughable. Today, memecoins are not just mainstream. They are reshaping entire market cycles. The US now has an official memecoin associated with the president. What started as a niche community experiment has become a financial force too big to ignore.

不久前，互联网笑话成为数十亿美元的资产类别的想法似乎是可笑的。如今，Memecoins不仅是主流。他们正在重塑整个市场周期。美国现在有一个与总统相关的官方纪念物。最初是一项利基社区实验的事情已成为一支太大而无法忽略的财务力量。

This isn’t simply speculation. In November 2024, memecoins accounted for 65% of the total trading volume on the decentralized exchange Raydium, an all-time high. Once dismissed as internet gimmicks, these assets have become crypto’s cultural engine. This phenomenon has been causing a slight identity crisis for believers and skeptics, who need to rethink their positions.

这不仅仅是猜测。 2024年11月，Memecoins在有史以来高中的分散交易所Raydium上占了总交易量的65％。这些资产曾被视为互联网的gi头，已成为加密货币的文化引擎。这种现象一直引起对信徒和怀疑论者的轻微身份危机，他们需要重新思考自己的立场。

Whether viewed as the next retail-driven market movement or an unsustainable mania, one thing is clear: Memecoins are no longer a joke.

无论是被视为下一个零售驱动的市场运动还是不可持续的躁狂症，都很明显：Memecoins不再是个玩笑。

Memecoins are more than speculation

纪念因素不仅仅是猜测

At their core, memecoins thrive on community belief. Traditional financial assets derive value from utility, institutional adoption or revenue models. Memecoins, by contrast, are driven by social engagement, virality and the power of collective momentum.

在他们的核心上，纪念因素在社区信仰上蓬勃发展。传统金融资产从公用事业，机构采用或收入模型中获得价值。相比之下，成人是由社会参与，病毒和集体势头的力量驱动的。

That makes them one of the most effective onboarding tools for retail investors in crypto. Memecoins strip away the complexity of blockchain technology, making digital assets approachable, familiar and culturally relevant. For many, they are the first step into Web3, opening the door to decentralized trading, governance and finance.

这使它们成为加密货币散户投资者最有效的入职工具之一。 Memecoins剥离了区块链技术的复杂性，使数字资产平易近人，熟悉和文化相关。对于许多人来说，它们是迈向Web3的第一步，为分散贸易，治理和金融打开了大门。

What makes them accessible, however, also makes them volatile. The same market mechanics that send memecoins soaring to billion-dollar valuations overnight can just as easily cause them to collapse within days. While one trader might turn $66 into a $3 million profit, thousands of others end up holding worthless tokens when the hype fades.

但是，使它们可以访问的原因也使它们波动。在一夜之间，使成员飙升至十亿美元估值的同一市场机制也可以同样容易地导致它们在几天之内崩溃。虽然一位交易者可能会将66美元变成300万美元的利润，但成千上万的人最终会在炒作消失时拥有毫无价值的代币。

The volatility problem no one can ignore

波动性问题没人能忽略

The numbers tell the story. When Elon Musk changed his X username and profile picture, a memecoin linked to him skyrocketed to a $380 million market cap. Once Musk reversed the changes, the coin plunged to $100 million before plummeting even further.

数字讲述了这个故事。当埃隆·马斯克（Elon Musk）更改了他的X用户名和个人资料图片时，与他相关的一个模因，飙升至3.8亿美元的市值。一旦马斯克扭转了变化，硬币便会跌至1亿美元，然后进一步猛增。

Recent: ‘Memecoins are archetypes of the collective unconscious’

最近：“模因是集体无意识的原型”

This is not an exception. This is the memecoin market in action. It is unpredictable, profit-driven and fueled by speculation. While some traders thrive in this environment, most do not. The skeptics argue that memecoins are little more than a casino with a blockchain — a game where few win and most lose.

这不是例外。这是行动中的纪念市场。它是不可预测的，以利润为驱动的，并且被猜测推动了。虽然有些交易者在这种环境下蓬勃发展，但大多数人却没有。怀疑论者认为，Memecoins仅仅是一个带有区块链的赌场，这是一场比赛，最多赢了。

Dismissing memecoins outright ignores a larger reality. Memecoins aren’t going away, regardless of the skepticism. They are shaping market trends. The real question is: Can memecoins transition from hype-driven speculation to a structured financial asset with governance and longevity?

彻底驳斥Memecoins会忽略更大的现实。不管怀疑论如何，成人都不会消失。他们正在塑造市场趋势。真正的问题是：Memecoins可以从炒作驱动的投机过渡到具有治理和寿命的结构性金融资产吗？

Governance is the key to long-term survival

治理是长期生存的关键

If memecoins are to evolve beyond short-term trading cycles, governance must take center stage. Decentralized autonomous organizations (DAOs) offer a model that allows holders to shape token supply, enforce transparency and influence project direction to give memecoins a real shot at sustainability.

如果要超越短期交易周期的成长，治理必须成为中心阶段。分散的自治组织（DAOS）提供了一个模型，使持有人可以塑造令牌供应，执行透明度并影响项目方向，从而使Memecoins真正以可持续性为单位。

This structure prevents centralized control by developers and whales, reducing the risk of insider manipulation, exit scams and pump-and-dump schemes. It also ensures that memecoins can integrate treasury management, staking incentives and token supply models that promote long-term viability rather than short-lived speculation.

这种结构阻止了开发人员和鲸鱼的集中控制，从而降低了内幕操纵，出口骗局和泵和降低计划的风险。它还确保了成年人可以整合促进长期生存能力而不是短暂猜测的代币供应模型的财政管理，积分激励措施和代币供应模型。

A prime example is Floki Inu (FLOKI), a memecoin that successfully built a functional ecosystem beyond meme-driven trading. Rather than relying on short-term speculation, Floki Inu integrated non-fungible token (NFT) gaming, payments and educational initiatives, proving that memecoins can evolve into structured, community-driven assets.

一个典型的例子是Floki INU（FLOKI），这是一个成功建立了超出模因驱动交易的功能生态系统的模因。 Floki INU并不依赖短期投机，而是整合了不可杀死的令牌（NFT）游戏，付款和教育计划，证明了Memecoins可以演变为结构化的，社区驱动的资产。

Memecoins don’t need to abandon their cultural origins, but to survive beyond the current hype cycle, they must adopt governance mechanisms that promote economic sustainability.

Memecoins不需要放弃其文化来源，而是要生存超过当前的炒作周期，他们必须采用促进经济可持续性的治理机制。

Memecoins are at a crossroads

成人处于十字路口

Memecoins have divided the crypto space into two extreme camps. On one side, memecoin maximalists insist that this bull market will be dominated by memecoins, arguing that belief and virality alone are enough to sustain them. On the other, skeptics dismiss them entirely, viewing them as pump-and-dump schemes that will eventually implode.

Memecoin将加密空间分为两个极端营地。一方面，Memecoin最高者坚持认为，这个牛市将由Memecoins主导，认为仅信仰和病毒就足以维持它们。另一方面，怀疑论者完全消除了他们，将它们视为最终会爆炸的泵和降雨计划。

Both perspectives miss the bigger picture. Memecoins have proven their ability to drive market activity, but ignoring their risks is just as reckless as dismissing them outright. The real challenge is not whether memecoins should exist. They already do. The question is how to structure them to ensure security for investors, stability for the market and long-term credibility for the industry.

这两种观点都错过了更大的图景。 Memecoins已经证明了他们推动市场活动的能力，但是忽略其风险就像彻底驳斥他们一样鲁ck。真正的挑战不是模因是否应该存在。他们已经这样做了。问题是如何构建它们以确保投资者的安全性，对市场的稳定性以及行业的长期信誉。

Builders, regulators and communities must collaborate to balance decentralization and responsible governance. Ignoring memecoins as a passing trend would be shortsighted. Failing to address their risks could be even worse — potentially leading to a catastrophic collapse that damages public trust in crypto as a whole.

建筑商，监管机构和社区必须协作以平衡权力下放和负责任的治理。忽略Memecoins作为过去的趋势将是短视的。无法解决他们的风险可能会更糟 - 可能导致灾难性的崩溃，损害了公众对整个加密货币的信任。

Memecoins are here to stay. The real test is whether they will remain a speculative rollercoaster or mature into a legitimate digital economy sector. The answer lies not just with

Memecoins在这里留下来。真正的测试是，它们是否将仍然是投机性过山车还是成熟到合法的数字经济领域。答案不仅在于