Mubarak在Binance列出围绕CEX上市惯例的重新辩论后的40％下降

这与像果冻这样的投机性模因硬币的审查越来越多，最近引发了短暂的挤压并将炒作拖到

The sharp 40% drop in MUBARAK after its Binance listing has sparked fresh debate around the subject of centralized exchange listing practices and the broader state of the meme coin ecosystem.

穆巴拉克（Mubarak）的二手股份清单后，急剧下降了40％，引发了有关集中式交流列表实践和模因硬币生态系统更广泛状态的主题的新辩论。

This came alongside growing scrutiny over speculative meme coin launches like JELLY, which recently triggered a short squeeze and dragged HYPE down, sparking fears of deeper structural risks.

这与诸如Jelly之类的投机模因硬币的审查越来越多。

MUBARAK Dropped 40% After Binance Listing

Binance上市后，Mubarak下降了40％

The steep decline in MUBARAK, which has fallen around 40% since making its debut on Binance, has brought renewed attention to the quality of recent listings on centralized exchanges. Binance recently concluded its first listing vote, seeing Tutorial and BROCCOLI among the frontrunners.

自从首次亮相以来，穆巴拉克（Mubarak）的急剧下降幅度下降了约40％，它引起了人们对集中式交流近期列表的质量的重新关注。 Binance最近结束了首次上市投票，在领先者中看到教程和西兰花。

However, some argue that these events are eroding trust in both DeFi and CEX platforms, especially as meme coins continue to grab headlines while more stable crypto sectors struggle for visibility.

但是，有人认为这些事件正在侵蚀DEFI和CEX平台的信任，尤其是当Meme硬币继续抓住头条新闻时，而更稳定的加密省则努力寻找可见性。

Still, platforms like Pump.fun are pushing for innovation, introducing features like token burning and revenue sharing in an effort to steer meme coins toward a more sustainable future.

尽管如此，诸如pump.fun之类的平台仍在推动创新，引入了诸如令牌燃烧和收入共享之类的功能，以将模因硬币转向更可持续的未来。

These concerns have only grown louder following the listing of speculative meme coins on Binance, including BNB Chain tokens like JELLY, which have contributed to the scrutiny.

在将投机性模因硬币列出了二元的列表之后，这些担忧才大声越来越大，其中包括果冻等BNB链令牌，这些代币造成了审查。

Binance founder Changpeng Zhao (CZ) has acknowledged this criticism, stating that token listings should not dictate long-term price action.

Binance创始人Changpeng Zhao（CZ）承认这一批评，指出令牌清单不应决定长期价格行动。

While listings can offer liquidity and improve market access, CZ emphasized that any price impact should be short-term. In the long run, token value should reflect real fundamentals—such as team commitment, development activity, and network performance.

尽管上市可以提供流动性并提高市场访问，但CZ强调，任何价格影响都应短期。从长远来看，令牌价值应反映出真正的基本面，例如团队承诺，发展活动和网络性能。

Yet, even as the community pushes for more transparency, Binance Alpha has continued to list controversial tokens, including two Studio Ghibli-themed meme coins.

然而，即使社区推动提高透明度，Binance Alpha仍在继续列出有争议的令牌，其中包括两个吉卜力吉布利主题的模因硬币。

Hyperliquid Crisis Made Users Question Meme Coins

超流动危机使用户问模因硬币

Meanwhile, HYPE also experienced a sharp decline after JELLY triggered a short squeeze, leading to widespread speculation about the role of Hyperliquid and meme coins in the crypto ecosystem.

同时，在果冻引发短暂的挤压后，炒作也急剧下降，导致人们广泛猜测了高流动性和模因硬币在加密生态系统中的作用。

Some users have even questioned if this could be the beginning of an FTX-style collapse as concerns grow over the unchecked volatility tied to meme coin derivatives.

一些用户甚至质疑这是否可能是FTX式崩溃的开始，因为与模因硬币衍生品相关的不受检查的波动性的担忧增加。

The JELLY controversy has sparked debate about the fragility of emerging platforms and whether enough safeguards are in place to prevent systemic fallout from meme-driven market events. In response to the backlash, Hyperliquid announced it would strengthen its security measures to prevent similar incidents in the future.

果冻的争议引发了有关新兴平台的脆弱性以及是否有足够的保障措施来防止模因驱动市场事件的系统性后果。为了应对反弹，Hyperliquid宣布将加强其安全措施，以防止将来发生类似事件。

Jean Rausis, co-founder of the decentralized finance ecosystem SMARDEX, told BeInCrypto that the DeFi ecosystem needs to think about the image it sends to the market:

分散的金融生态系统Smardex的联合创始人让·劳西斯（Jean Rausis）告诉Beincrypto，Defi生态系统需要考虑它发送给市场的形象：

“If we want DeFi to be adopted, the ecosystem needs to gain trust not only with its existing users but also in terms of the image it presents in the news. And it’s clear that with projects wrongly labelling themselves as ‘decentralized’, more incidents like this will happen.”

“如果我们希望采用Defi，那么生态系统不仅需要与现有用户，而且还需要在新闻中呈现的图像方面获得信任。而且很明显，随着项目错误地将自己标记为“分散的”，会发生更多的事件。”

Sectors Like RWA Could Help To Grow Crypto Credibility

像RWA这样的部门可以帮助增强加密信誉

Kevin Rusher, founder of the decentralized lending protocol RAAC, described the situation as a major blow to DeFi’s credibility. “This is another setback for DeFi adoption, but it’s not a surprise,” he said, noting that meme coins had reignited retail greed and diverted liquidity away from more sustainable sectors of the ecosystem.

分散贷款协议RAAC的创始人凯文·拉什（Kevin Rusher）将这种情况描述为对Defi信誉的重大打击。他说：“这是Defi采用的又一次挫折，但这并不奇怪。”他指出，Meme硬币已重新点燃了零售贪婪，并将流动性从生态系统的更可持续性部门转移了出来。

He warned that tokens like TRUMP and MELANIA had captured too much mindshare during the last market surge, leaving DeFi vulnerable to speculative chaos.

他警告说，像特朗普和梅拉尼亚这样的代币在最后一次市场涌现中捕捉到了太多的思维方式，使Defi很容易受到投机性混乱的影响。

Still, Rusher pointed to the growing involvement of institutions like BlackRock as a sign of hope:

尽管如此，Rusher仍指出，贝莱德等机构的参与日益增加，这是希望的标志：

“But it looks like institutions and big players like BlackRock also understand this need for stability in crypto, which is why they are now seriously focused on the tokenization of Real World Assets (RWAs). The unfortunate reality is that memecoins are likely here to stay, and they will be a real obstacle for DeFi growth in the short term. However, with RWAs bringing huge liquidity into the system from traditional finance, this sector will finally have the opportunity to grow without memecoin frenzies putting the whole ecosystem in danger.” – Rusher told BeInCrypto.

“But it looks like institutions and big players like BlackRock also understand this need for stability in crypto, which is why they are now seriously focused on the tokenization of Real World Assets (RWAs). The unfortunate reality is that memecoins are likely here to stay, and they will be a real obstacle for DeFi growth in the short term. However, with RWAs bringing huge liquidity into the system from traditional finance, this sector will finally have the opportunity to grow without Memecoin疯狂使整个生态系统处于危险之中。” - 冲刺者告诉Beincrypto。

In a recent conversation with Bankless, PumpFun co-founder Alon Cohen shared insights about the meme coins market, highlighting PumpFun’s 4Chan-inspired aesthetic, bonding curve pricing model, and new creator-focused initiatives.

在与Bankless的最近对话中，Pumpfun联合创始人Alon Cohen分享了有关Meme Coins市场的见解，强调了Pumpfun的4chan启发的美学，结合曲线定价模型和新的以创造者为中心的计划。

Pump.fun has generated over 8.8 million tokens and once peaked with a record $14 million in daily revenue, collecting a total of $600 million since launch.

Pump.Fun产生了超过880万个令牌，曾经以创纪录的1400万美元的每日收入达到顶峰，自推出以来，总计6亿美元。

Alon emphasized that while the meme coin market is cooling—down nearly 49% from its $125 billion peak in December 2024—Pump.fun remains committed to supporting creative and community-driven projects.

Alon强调，尽管Meme Coin市场正在冷却 - 从2024年12月的1.25亿美元高峰降低了近49％，但Pump.Fun仍致力于支持创意和社区驱动的项目。

To boost long-term sustainability, the team is now introducing revenue-sharing mechanisms for token creators, a transparent fee structure, and token-burning features to reduce the extractive nature of meme coin launches.

为了提高长期可持续性，该团队现在正在为代币创建者，透明的费用结构以及燃烧令牌的功能引入收入共享机制，以减少模因硬币发射的提取性质。

With new mechanisms like this

有这样的新机制