Bybit Mega-Hack從Meme Coin Market中刪除了數十億美元。 Pepe（Pepe），Dogecoin（Doge）和Shiba Inu（Shib）被擊中最困難。

Bybit Mega -Hack通過加密貨幣市場發出了一波恐慌，最投機性的資產 - 模因硬幣 - 成本最大。

The Bybit mega-hack sent a wave of panic through the crypto markets, and the most speculative assets—the meme coins—bore the cost heaviest. An army of traders fled to de-risk after the news of the hack and rushed to exchange all volatile tokens with stablecoins or cash, adding to the already evident big sell-off. Bitcoin lost about 20% from its recent high (from about $109K down to $87K), while Ether fell around 8% (around mid-$2,800s to low $2,600s).

Bybit Mega-Hack通過加密市場引起了一波恐慌，最投機性的資產（Meme Coins）的成本最重。一群商人在黑客消息的消息後逃離了危險，並急於將所有揮發性令牌交換為穩定的代幣或現金，從而增加了已經明顯的大拋售。比特幣從最近的高點（從109,000美元降至87,000美元）中損失了約20％，而以太幣下降了約8％（約為2,800美元，至2,600美元）。

Smaller altcoins fared worse, and an index of popular meme coins cratered 37% in the immediate aftermath. This "Meme Coin Index" crash of 36.9% reflected a sudden change of mood toward risk aversion as investors dumped high-yield, hype-driven coins. Bybit itself saw billions torn out, as over 21,000 BTC and $2.25B in USDT was withdrawn from it in a matter of days as users withdrew their funds from the exchange. Liquidity thinned between exchanges, and the market emotions swayed to be fearful, and the once king's coins started to decline along.

較小的AltCoins的情況越來越糟，在直接的後果中，流行的模因硬幣的指數圍成37％。當投資者傾倒高收益，炒作驅動的硬幣時，這種36.9％的“模因硬幣指數”崩潰反映了人們對風險厭惡的突然變化。拜比特本身被撕毀了數十億美元，因為用戶從交易所退出資金時，超過21,000美元的BTC和2.25B美元在USDT中被撤回。交流之間的流動性稀少，市場情緒震撼了令人恐懼，曾經的國王硬幣開始下降。

Meme coins, notorious for their erratic price movements right from the start, quickly lost ground following recent marks. For example, on February 21, after some news regulatory attention, Dogecoin (DOGE), the first meme coin, had peaked to approximately $0.26, before dropping almost 10 percent to around $0.235 on the very same evening after circulation. It continued its process of decay in the following day, trading for a little while near $0.20 rendering a little over a month of gradual gain null and void. Shiba Inu (SHIB), the second most important meme token, also fell considerably.

Meme Coins因其從一開始就不穩定的價格移動而臭名昭著，在最近的印記之後很快就失去了平地。例如，在2月21日，在一些新聞監管的關注之後，第一個模因硬幣Dogecoin（Doge）達到了大約0.26美元，然後在流通後的同一晚上下跌了近10％至0.235美元。它繼續在第二天的衰減過程，交易一會兒接近0.20美元，程度逐漸增益無效。第二重要的模因象徵，什巴·伊努（Shiba Inu）（Shib）也大大落下。

It was noted by one analysis that as holders dumped volatile cryptos for stablecoins, these two immediately slumped to multi-week lows. Far from it were new meme coins not spared. On the day the hack occurred, PEPE, which runs on the Ethereum platform and was around 10% down, got a bit of dead cat bounce, having recovered by 6% the next day. Likewise, well-loved community tokens like FLOKI and BONK saw double-digit percentages losses nor were they immune from the post-hack sell-off.

通過一個分析指出，隨著持有者傾斜揮發性加密蛋白，這兩個立即跌至多周的低點。遠離它的是新的模因硬幣不遺餘力。在發生駭客的那天，Pepe在以太坊平台上運行，下降約10％，第二天恢復了6％。同樣，像弗洛基（Floki）和邦克（Bonk）這樣的社區代幣獲得了兩位數損失的兩位數損失，也沒有免受攻擊後拋售的影響。

All fizzled out with the hype and trading volumes, which eventually dropped on meme coin mania. Speculation on meme coins had begun to show signs of cooling off in early 2025, and the Bybit incident did serve to speed up that process. Indeed, the numbers currently being churned out paint quite a dramatic picture: by early March 2025, the entire meme coin market capitalization had plummeted to about $54 billion, down 56.8% from a three-month prior high of $125B. In other words, from December to March, a whopping $70 billion paper value associated with meme tokens was ripped from the fabric.

所有人都隨著炒作和交易量而陷入困境，最終落在了Meme Coin Mania上。關於模因硬幣的猜測已經開始顯示在2025年初冷卻的跡象，而Bybit事件確實有助於加快該過程。的確，目前被淘汰的數字非常引人注目：到2025年3月初，整個模因硬幣市值已跌至約540億美元，比先前三個月的125B售價下降了56.8％。換句話說，從12月到3月，與模因令牌相關的700億美元紙質價值被從面料上撕下。

Trading also dried up, with a 26% month-on-month backing loss in meme coin volumes in the month following peak. It was at one point in January that exaggerated meme trades accounted for more than 10% of the entire crypto trading volume, but by April, that number had dwindled to less than 4%. That means that many traders have now rotated out of meme coins, at least for the time.

交易也枯竭，在峰值之後的一個月內，模因硬幣量的月份備份損失為26％。正是在一月份的某一時刻，模因交易占整個加密交易量的10％以上，但到4月，這個數字已減少到不到4％。這意味著至少在當時，許多交易者現在已經從模因硬幣中旋轉了。

The performance of the major meme coins, both before and after the hack, highlights the decline—Dogecoin (DOGE): Approximately -22% over the month that surrounded the hack. (It continues to languish at about $0.26 in late February, down to about $0.21-0.24—scarping a good chunk of market cap.

在黑客之前和之後，主要模因硬幣的性能突出了下降 - dogecoin（Doge）：圍繞黑客的一個月中約為-22％。 （2月下旬，它繼續以約0.26美元的價格降至約0.21-0.24美元，增加了很大一部分市值。

Shiba Inu (SHIB): Roughly -10% in that same period, with trade prices hovering around $0.00001 since the higher levels could not be sustained.

Shiba INU（SHIB）：同一時期的大約-10％，由於無法維持較高水平，貿易價格徘徊在0.00001美元左右。

Pepe (PEPE): Double-digit percentage declines; down around ~10 % still from pre-hack levels despite a short-lived bounce.

PEPE（PEPE）：兩位數的百分比下降；儘管短暫反彈，但仍來自前黑客水平的約10％。

Floki (FLOKI) & Bonk (BONK): Each saw steep sell-offs exceeding 10-15% in the weeks after the hack, reflecting a broader downturn across smaller meme tokens.

Floki（Floki）＆Bonk（Bonk）：在黑客攻擊後的幾週內，每個人都看到陡峭的拋售超過10-15％，反映出較小的模因令牌上的低迷。

Such downfalls in the household-name meme coins dragged all sectors further down. Dogecoin itself represents roughly half of meme-coin market value; its fall naturally biased the scale to have an outsized effect. The confidence crisis was later observed within social metrics too. With this downturn came a significant decline in social media buzz about meme coins in crypto.

家用模因硬幣中的這種衰落使所有部門進一步拖動。 Dogecoin本身大約是Meme-Coin市場價值的一半。它的跌倒自然會偏向於產生巨大效果的規模。後來在社會指標中也觀察到了信心危機。隨著這種低迷，社交媒體對加密貨幣中的模因硬幣的嗡嗡聲大幅下降。

Search interest on Google Trends indicated that “meme coin” attracted a perfect score of 100 in mid-January and plunged to

Google趨勢上的搜索興趣表明，“模因硬幣”在1月中旬吸引了100分的完美分數，並跌至