永久制造的硬币和模因硬币是观看的前三名加密货币叙事

永久令牌像Hype和Woo这样的代币下降了12％以上，但强大的交易活动和高收入表明潜在的反弹。

The crypto market has seen a shift in focus this week, with perpetuals tokens, Made In USA coins, and meme coins emerging as the top three narratives to watch.

加密市场本周的重点发生了变化，永久代币，在美国硬币制造，而模因硬币则成为观看的前三名叙述。

Perpetuals tokens such as HYPE and WOO have seen triple-digit losses, while the biggest coins in the Made In USA category, including PI, ADA, and HBAR, have also suffered major setbacks.

诸如Hype和Woo之类的永久令牌已经看到了三位数的损失，而美国制造的类别中最大的硬币，包括PI，ADA和HBAR，也遭受了重大的挫折。

On the other hand, meme coins like DOGE, TRUMP, PEPE, and BONK have taken a hit but could lead the next rally if sentiment changes.

另一方面，诸如Doge，Trump，Pepe和Bonk之类的Meme硬币受到了打击，但如果情绪改变，可能会引起下一次集会。

Perpetuals

永久

Perpetuals coins appear to be setting up for a rebound after a rough week, with HYPE and WOO both down more than 12% in the last seven days.

一周艰难的一周后，永久硬币似乎正在篮板，在过去的七天中，炒作和WOO下降了12％以上。

Perpetuals platforms are exchanges that allow traders to buy and sell futures contracts on cryptocurrencies that have no expiration date. These platforms use a funding mechanism to keep futures prices aligned with the spot market while enabling traders to take long or short positions with leverage.

永久平台是交易所，允许交易者在没有到期日期的加密货币上买卖期货合约。这些平台使用一种资金机制来保持期货价格与现货市场保持一致，同时使交易者能够以杠杆作用占用长期或短职位。

Despite the recent downturn in some perpetuals tokens, the sector continues to see strong activity, with high trading volumes and fees generated across key platforms.

尽管最近一些永久令牌的经济低迷，但该行业仍在继续看到强大的活动，跨关键平台产生了较高的交易量和费用。

Hyperliquid remains the dominant force in the perpetuals space, generating an impressive $12 million in fees over the past week, outperforming major DeFi apps like Jito, Maker, Solana, Ethereum, Raydium, and Pumpfun.

超流动性仍然是永久空间中的主要力量，在过去一周中产生了令人印象深刻的1200万美元费用，表现优于Jito，Maker，Solana，Solana，Ethereum，Ethereum，Raydium和Pumpfun等主要的Defi应用程序。

However, this level of dominance also suggests that the market has room for competitors to emerge and challenge its position.

但是，这种统治水平还表明，市场有竞争对手出现和挑战其地位的空间。

Arkham, for instance, has surged 14% in the last 24 hours, signaling that some traders are betting on alternative projects within the perpetuals ecosystem.

例如，阿卡姆（Arkham）在过去的24小时内飙升了14％，这表明一些交易者正在永久生态系统内的替代项目下注。

Overall, these trends make perpetuals one of the must-implied crypto narratives of the week.

总体而言，这些趋势使永久性成为本周必不可少的加密叙事之一。

Made In USA Coins

在美国制造的硬币

The biggest Made In USA coins have all suffered significant losses in the past week, with PI dropping 22.6%. ADA and HBAR both down 18.9%.

在过去的一周中，美国制造的硬币最大的损失都大幅损失，PI下降了22.6％。 ADA和HBAR都下跌了18.9％。

Made In USA coins refer to cryptocurrencies that have strong ties to the United States, whether through their founding team or company headquarters. This category includes projects that often attract regulatory scrutiny or benefit from US-based institutional backing.

在美国制造的硬币是指与美国建立团队或公司总部有牢固联系的加密货币。此类别包括通常会从美国的机构支持中吸引监管审查或受益的项目。

The latest downturn aligns with broader market weakness, as both the crypto and stock markets have been hit hard in the past 24 hours.

最近24小时的加密市场和股票市场都受到了巨大影响，最新的低迷与市场疲软相吻合。

The US stock market saw a massive $4 trillion wipeout following Trump’s push for new tariffs. Given the scale of this correction, a potential rebound could be on the horizon if investors view the recent dip as an overreaction. That could positively impact crypto, driving a new surge.

在特朗普推动新的关税之后，美国股票市场巨大的4万亿美元消失。鉴于这种纠正的规模，如果投资者将最近的下降视为过度反应，则可能会反弹。这可能会对加密货币产生积极影响，推动新的激增。

Historically, sharp declines in both crypto and equities have been followed by strong recoveries, especially when macroeconomic fears subside.

从历史上看，加密货币和股票的急剧下降之后都有强劲的恢复，尤其是当宏观经济的恐惧消退时。

While the downtrend remains intact for now, a shift in sentiment could trigger a bounce for Made In USA coins if market conditions stabilize.

虽然暂时下降趋势仍然完好无损，但如果市场条件稳定，情绪的转变可能会引发美国制造的硬币的反弹。

Meme Coins

模因硬币

Meme coins remain one of the most volatile crypto narratives. They often experience the biggest surges during bullish phases and the sharpest corrections during downtrends.

模因硬币仍然是最动荡的加密叙事之一。他们经常经历看涨阶段和下降期间最清晰的矫正期间最大的潮流。

This volatility has been evident in the past week, as the biggest meme coins have taken a heavy hit. Dogecoin (DOGE), the largest meme coin by market cap, has dropped more than 17% in the last seven days.

在过去的一周中，这种波动率很明显，因为最大的模因硬币受到了重大打击。 Dogecoin（Doge）是市场上限最大的模因硬币，在过去的七天中下降了17％以上。

TRUMP is down over 14%, and PEPE and BONK have both lost more than 10% during the same period.

特朗普下跌了14％以上，佩佩和邦克在同一时期都损失了10％以上。

However, if the crypto market stages a rebound this week, meme coins could see some of the strongest recoveries.

但是，如果加密货币市场本周进行了反弹，则模因硬币可以看到一些最强的回收率。

Historically, these assets tend to outperform in fast-moving uptrends due to their speculative nature and the rapid inflow of retail interest.

从历史上看，由于其投机性和零售迅速流入，这些资产在快速移动上升趋势方面往往胜过。

The last major surges in meme coins occurred after broader market rebounds reignited hype and aggressive buying activity.

模因硬币的最后一次重大激增发生在更广泛的市场反弹重新点燃炒作和积极的购买活动之后。

If sentiment shifts and liquidity returns, DOGE, TRUMP, PEPE, and BONK could quickly reclaim lost ground. That could potentially lead to another wave of explosive gains in the meme coin sector.

如果情绪转移和流动性回报，Doge，Trump，Pepe和Bonk可能会迅速夺回失去的立场。这可能会导致模因硬币部门的另一波爆炸性收益。