在过去的三个月中，模因硬币市场急剧下降

在过去的三个月中，模因硬币市场急剧下降，其总市值下降了56.8％。

The meme coin market has seen a sharp decline over the past three months, with its total market capitalization dropping by 56.8%. This sharp decline has raised questions about whether the era of explosive growth for these digital assets has come to an end.

在过去的三个月中，模因硬币市场急剧下降，其总市值下降了56.8％。这种急剧下降引发了问题，即这些数字资产的爆炸性增长时代是否已经结束。

Meme coins experienced a massive surge in popularity throughout 2024. Over the year, the total market capitalization skyrocketed by 500%, with the meme coin narrative dominating the crypto sphere.

Meme硬币在2024年的流行期都大大增加。在一年中，总市值飙升了500％，Meme Coin叙述主导了加密货币领域。

According to a CoinGecko report, meme coins were the most popular crypto trend in 2024. They accounted for 14.3% of total narrative interest—a significant rise from 8.3% in 2023.

根据一份Coingecko报告，Meme硬币是2024年最受欢迎的加密货币趋势。它们占叙述性总利益的14.3％，从2023年的8.3％显着上升。

However, recent developments present a contrasting narrative.

但是，最近的发展呈现出对比的叙述。

“There has been a significant drop in meme coin market cap since December. It’s the weakest narrative and not worth putting your money in it,” an analyst wrote on X.

“自12月以来，Meme Coin市值已经大幅下降。这是最薄弱的叙述，不值得将您的钱投入其中。”一位分析师在X上写道。

As of March 5, the latest data showed the total meme coin market capitalization plummeted to $54 billion. This represented a 56.8% decline from its $125 billion peak on December 5, 2024.

截至3月5日，最新数据显示，Meme Coin市值的总资本化跌至540亿美元。这是2024年12月5日的1.25亿美元高峰的下降56.8％。

Trading volumes have also taken a hit, dropping 26.2% in the past month alone. This has raised concerns about the “meme coin supercycle.”

交易量也受到了打击，仅在过去一个月中就下降了26.2％。这引起了人们对“模因硬币超级循环”的担忧。

“Is this the end of the meme coin supercycle?” crypto analyst Lark Davis questioned.

“这是模因硬币超级循环的终结吗？”加密分析师拉克·戴维斯（Lark Davis）质疑。

A meme coin supercycle refers to an extended period of rapid growth and speculation in meme-based cryptocurrencies. But with numbers across the board in the red, the community is now fearing that the hype may be coming to an end.

模因硬币超级循环是指基于模因的加密货币的快速增长和猜测的长期。但是，随着红色的全面数字，社区现在担心炒作可能会结束。

Dogecoin (DOGE), which makes up nearly half of the total meme coin market capitalization, has decreased 21.7% in the past month. The downturn is not limited to DOGE.

在过去的一个月中，Dogecoin（Doge）占模因硬币市值总数的一半，占模因硬币市值的一半。沮丧的不限于门。

The second-largest meme coin, Shiba Inu (SHIB), has also seen a substantial drop. It has slipped 10.6% over the past month. Similar trends have been observed in all 10 top meme coins.

第二大模因硬币shiba inu（Shib）也大幅下降。在过去的一个月中，它已下跌10.6％。在所有10个顶级模因硬币中都观察到了类似的趋势。

The decline isn't just affecting individual tokens—skepticism in meme coins as a whole appears to be rising. Elon Musk, for example, one of the most vocal supporters of DOGE, recently likened meme coins to "casinos." He further cautioned against investing life savings in them.

下降不仅影响单个令牌，而且整个模因硬币中的怀疑主义似乎正在上升。例如，埃隆·马斯克（Elon Musk），是最响亮的唱片支持者之一，最近将模因硬币比作“赌场”。他进一步警告不要将救生储蓄投资。

Meanwhile, Bitwise CIO Matt Hougan previously stated that the present time is the "end of the meme coin boom."

同时，Bitwise Cio Matt Hougan先前表示，当前的时间是“模因硬币繁荣的末端”。

Google Trends data further supports this waning hype. The search volume for "meme coin" has plummeted from a peak score of 100 in mid-January to just 8 last week. This suggested that public enthusiasm was fading as fast as it surged.

Google趋势数据进一步支持了这种减弱的炒作。 “ Meme Coin”的搜索量从1月中旬的100峰值下降到上周的8个。这表明公众热情逐渐消失的速度迅速。

The impact of this downturn is being felt across the ecosystem, particularly on platforms that thrived during the meme coin mania.

在整个生态系统中，人们都感受到了这种低迷的影响，尤其是在模因硬币躁狂症期间蓬勃发展的平台。

Pump.fun, a popular meme coin launchpad, has seen its trading volume crash from $3.3 billion in January 2025 to just $814 million. This marked aa staggering 75.3% drop.

流行的Meme Coin Launchpad Pump.Fun已将其交易量崩溃从2025年1月的33亿美元到仅8.14亿美元。这标志着AA惊人的75.3％下降。

Additionally, the total number of tokens created on Pump.fun has been steadily decreasing since late January. Moreover, the daily revenue has also fallen sharply.

此外，自1月下旬以来，Fun上创建的令牌总数一直在稳步下降。此外，每日收入也急剧下降。