从“纯娱乐”到“反浸入选项”：像Bonk这样的模因硬币如何改变Solana Ecosystem

这种转变并非偶然。以Solana生态系统为例，领先的Meme Coin Bonk稳定了其市值排名

However, interestingly, when market sentiment is generally low, some Meme coins that were once labeled as "pure entertainment" have quietly turned around, attempting to shed the stereotype of "high volatility" with deflationary mechanisms and compliance strategies, even becoming "anti-dip options" in the eyes of some investors.

但是，有趣的是，当市场情绪通常很低时，一些曾经被标记为“纯粹娱乐”的模因硬币已经悄悄地转过身来，试图通过一些投资者在某些投资者看来，通过通缩机制和合规策略来摆脱“高波动率”的刻板印象，甚至成为“反浸入选项”。

This transformation is not accidental. Taking the Solana ecosystem as an example, the leading meme coin BONK has stabilized its market capitalization ranking amid market turbulence by implementing dynamic token burns, expanding on-chain functions, and even exploring compliance paths. If the early value of such projects came from "meme culture" and community celebrations, their stability today may be worth deeper exploration. When market panic spreads, why can these seemingly "non-mainstream" assets withstand pressure?

这种转变并非偶然。以Solana生态系统为例，领先的Meme Coin Bonk通过实施动态令牌燃烧，扩大链接功能，甚至探索合规性道路，从而在市场动荡的情况下稳定了其市值排名。如果此类项目的早期价值来自“模因文化”和社区庆祝活动，那么当今它们的稳定可能值得更深入的探索。当市场恐慌蔓延时，为什么这些看似“非主流”资产可以承受压力？

The answer may lie in the word "deflation."

答案可能在于“放气”一词。

When various dApps and communities in the ecosystem work together to reduce (burn) the circulating supply of tokens, they are essentially reshaping the supply-demand relationship.

当生态系统中的各种DAPP和社区共同努力减少（燃烧）代币的循环供应时，它们实际上正在重塑供需关系。

Taking BONK as an example, they launched a burning initiative called "BURNmas" at the end of last year. According to CoinGecko data, over 1.69 trillion BONK (approximately 380 million RMB) were burned through community voting. During the Spring Festival, the community voluntarily burned another 2.025 trillion BONK tokens (approximately 260 million RMB). This operation seems simple and straightforward, but the transparency of on-chain data makes each burn a touchpoint for market consensus: a reduction in circulating supply means lower selling pressure, while increased scarcity builds a buffer for the price.

以Bonk为例，他们在去年年底发起了一项名为“ Burnmas”的燃烧计划。根据Coingecko数据，通过社区投票烧毁了超过1.69万亿的邦克（约3.8亿元人民币）。在春节期间，社区自愿烧毁了另外2.025万亿个邦克代币（约2.6亿元人民币）。此操作似乎简单明了，但是链上数据的透明度使每个燃烧都成为市场共识的接触点：循环供应的减少意味着较低的销售压力，而增加的稀缺性则为价格提供了缓冲。

This gameplay logic was quickly validated and responded to by the market. When the broader market fell due to a shift in Federal Reserve policy, BONK's market capitalization ranking within the ecosystem remained unchanged. In simple terms, the deflation mechanism acts like a life jacket for assets: when the market water level drops, it may not allow you to swim upstream, but at least it helps you stay afloat.

该游戏逻辑很快得到了验证并由市场做出回应。当较广泛的市场因美联储政策的转变而下降时，邦克在生态系统内的市值排名保持不变。简而言之，缩水机制就像资产的救生衣一样：当市场水位下降时，它可能不允许您在上游游泳，但至少它可以帮助您保持漂浮。

Of course, the deflation mechanism is merely a technical innovation; what truly keeps Meme coins alive are the community members who "generate power with love."

当然，通缩机制只是一种技术创新。真正使模因硬币活着的是社区成员“用爱产生力量”。

Today's BONK community is no longer satisfied with just spamming memes in the group—they have begun to decide token distribution ratios through DAO voting, regularly hold themed burning events, and even turn "token burning" into a spectacle for the entire network. The magic of this "participatory economy" lies in transforming users from bystanders into a community of shared interests. When your vote can directly influence the amount of tokens burned, the willingness to hold long-term naturally increases. Even more remarkably, this mechanism can attract external funds: after all, everyone loves a "scarcity narrative," especially when that scarcity comes from community consensus rather than unilateral actions by the project team.

当今的Bonk社区不再对小组中的垃圾邮件模因感到满意，他们已经开始通过DAO投票来决定令牌分配比率，定期举办主题燃烧的事件，甚至将“刻录燃烧”变成整个网络的奇观。这种“参与性经济”的魔力在于将用户从旁观者转变为一个共同利益的社区。当您的投票可以直接影响燃烧的代币数量时，长期持有的意愿会自然增加。更值得注意的是，这种机制可以吸引外部资金：毕竟，每个人都喜欢“稀缺性叙事”，尤其是当这种稀缺性来自社区共识而不是项目团队的单方面行动时。

But the power of the community goes far beyond that. Meme coins led by BONK are beginning to break through the boundaries of "cultural symbols." When Meme coins can also be used for lending, trading, and even collecting, their price fluctuations are no longer just emotion-driven gambles.

但是社区的力量远远超出了这一点。由邦克（Bonk）领导的模因硬币开始突破“文化符号”的界限。当模因硬币也可以用于贷款，交易甚至收集时，它们的价格波动不再仅仅是情感驱动的赌博。

If deflation and community consensus are the internal skills of Meme coin transformation, then compliance is the key technique to open the meridians. After all, in the eyes of traditional capital, compliance is the ticket to entry.

如果通信和社区共识是模因硬币转化的内部技能，那么合规性是打开子午线的关键技术。毕竟，在传统资本的眼中，合规性是入境机票。

Nowadays, some exchanges have begun to implement tiered management for Meme coins: projects with transparent burn records and meeting liquidity standards will be classified into "compliant asset pools" and may even appear on institutional investors' portfolio lists.

如今，一些交流已经开始实施模因硬币的分层管理：具有透明烧伤记录和满足流动性标准的项目将被归类为“合规资产池”，甚至可能出现在机构投资者的投资组合列表中。

This trend is becoming increasingly evident in the improvement of global regulatory frameworks. After the Hong Kong OSL Group obtained a virtual asset trading license, its stock price soared by 10%. Guoxiong Capital invested 300 million HKD to lay out compliant custody services… These signals indicate that traditional capital is becoming more interested in "auditable and regulated" Meme coin assets. Moreover, earlier this year, the news of TRUMP, DOGE, and BONK ETF applications being submitted to the SEC together provided a shot in the arm for the industry: if even the SEC is softening its stance, who would dare to say that Meme coins will never make it to the mainstream stage?

在改善全球监管框架中，这种趋势变得越来越明显。香港OSL集团获得虚拟资产交易许可证后，其股价飙升了10％。 Guoxiong Capital投资了3亿香港，用于制定合规性的监护服务……这些信号表明，传统资本对“审计和受监管”的模因硬币资产越来越感兴趣。此外，今年早些时候，提交给SEC的特朗普，乔格和邦克ETF申请的新闻为行业提供了枪击：即使SEC甚至在减轻了其立场，谁都敢说模因硬币将永远不会成为主流阶段？

The current Meme coin market resembles the early days of DeFi—on one side, there are speculative bubbles rising and falling, while on the other, value logic is quietly growing. Those projects that survive often possess three characteristics: combating volatility with deflation, consolidating the community with consensus, and breaking the ceiling with compliance. Their prices may still fluctuate with market sentiment, but dynamic burning and ecological expansion have injected a fundamental "ballast" into these tokens.

当前的模因硬币市场类似于Defi的早期 - 一方面，投机性气泡在上升和下降，而另一方面，价值逻辑正在悄悄地增长。那些生存的项目通常具有三个特征：将波动与通缩打击，通过共识来巩固社区，并以合规性打破上限。他们的价格仍会随着市场的情绪而波动，但是动态燃烧和生态上的扩张已向这些令牌注入了基本的“镇流器”。

For the majority of investors, rather than getting caught up in "which Meme coin will skyrocket next," it is better to focus on more essential indicators: Is the on-chain burn record transparent? Is community governance active? Is there compliance endorsement from exchanges or institutions? After all, in this increasingly

对于大多数投资者而言，而不是陷入“接下来哪种模因硬币会飞涨”，而是要专注于更重要的指标：链上燃烧记录纪录是透明的吗？社区治理活跃吗？交易所或机构是否有合规性认可？毕竟，在这个越来越多的