高調加密令牌在2024年至2025年之間推出了主要估值的大幅下降

備受矚目的加密代幣在2024年至2025年之間推出，其最初估值的大幅下降，現在許多人的交易價格低於其高峰價格。

High-profile crypto tokens launched in 2024-2025 have seen substantial declines from their initial valuations, with several now trading over 80% below peak prices. This correction follows a pattern observed in previous cycles, where market enthusiasm during token launches quickly shifts to prolonged downtrends.

備受矚目的加密代幣在2024 - 2025年推出，從其最初的估值中卻大幅下降，現在有幾個低於峰值價格的80％以上的交易。這種更正是在以前的周期中觀察到的一種模式，在該週期中，令牌期間的市場熱情迅速轉移到延長下降趨勢。

Some of these declines have led to a wave of short liquidations, briefly pushing prices up and offering possibilities for continued rallies if market conditions remain favorable, analysts report.

分析師報告說，其中一些下降導致了一波短暫的清算浪潮，如果市場條件仍然有利，則將價格短暫提高，並為繼續集會提供可能性。

Crypto projects backed by prominent venture capital firms, including those supported by ABCDE Capital, have experienced sharp reductions in market value. According to data compiled by crypto commentator @Anymose 96, the most severe losses among ABCDE-funded projects amounted to a 95.5% drawdown from peak valuations.

由著名風險投資公司（包括由ABCDE Capital支持的公司）支持的加密項目，市場價值急劇降低。根據加密評論員@Anymose 96編制的數據，ABCDE資助的項目中最嚴重的損失總計達到高峰估值的95.5％。

Many of these tokens entered the market through a recurring cycle of private fundraising, exchange listing, and subsequent sell-offs. This pattern has raised concerns among participants about the sustainability and long-term viability of token models that heavily rely on short-term hype.

這些代幣中的許多代幣通過私人籌款，交流清單和隨後的拋售的經常性週期進入市場。這種模式引起了參與者對嚴重依賴短期炒作的代幣模型的可持續性和長期生存能力的關注。

Despite the significant retracements, some market observers suggest that short positions in several of these tokens remain substantial. Daan Crypto Trades, a widely followed market analyst, noted that many short sellers have maintained their positions for extended periods.

儘管有重大回答，但一些市場觀察家表明，其中幾個令牌中的短期位置仍然很大。廣泛追隨市場分析師的Daan Crypto Trades指出，許多賣方在長時間保持了自己的職位。

Many high-valuation 2024-2025 token launches have decreased by 80% in most cases and are now trading at more “reasonable” levels, even after the recent move. Additionally, I suspect there’s a ton of shorts that have just been holding for months. A good part of those got liquidated recently with some tokens rebounding 100% to 300% in a week or two.

在大多數情況下，許多高價值的2024-2025代幣發射量下降了80％，現在即使在最近的舉動之後，現在也以更“合理”的水平進行交易。此外，我懷疑還有很多幾個月的短褲。最近，在一兩週內有一些令牌籃板的大部分時間被清算了100％至300％。

The recent price increases in select tokens are partly attributed to forced liquidations as shorts were squeezed out. However, Daan adds that not all short positions have been fully liquidated, implying potential for further volatility.

由於擠出了短褲，因此最新的特定令牌的價格上漲部分歸因於強迫清算。但是，Daan補充說，並非所有短職位都已完全清算，這意味著可能進一步波動。

If broader crypto market conditions continue to improve, tokens that maintain trading volume and demonstrate relative strength during consolidation phases could be candidates for renewed upward movements. Identifying such assets during the cooling-off phases may present opportunities for risk-managed entries, especially once higher lows are confirmed.

如果更廣泛的加密貨幣市場條件繼續改善，那麼維持交易量並證明合併階段相對強度的代幣可能是候選向上移動的候選者。在冷卻階段確定此類資產可能會為風險管理的條目提供機會，尤其是一旦確認了更高的低點。

Shift in Market Dynamics and Liquidity Behavior

市場動態和流動性行為的轉移

The heightened interest in meme coins has diverted financial resources from established venture-backed efforts. Meanwhile, interest in long-term infrastructure or utility projects has waned as funds flowed toward speculative tokens that generated viral attention.

對模因硬幣的興趣越來越高，使財政資源從建立的風險投資支持的努力中轉移了出來。同時，隨著資金流向引起病毒關注的投機代幣，對長期基礎設施或公用事業項目的興趣已經減弱。

Traders are increasingly observing that the dominant players’ mentality within the market seems to prioritize short-term gains at the expense of long-term growth. Consequently, the markets are largely driven by token prices, as few projects manage to sustain user engagement or attract long-term investment.

貿易商越來越多地觀察到，主要參與者在市場中的心態似乎優先考慮短期收益，而犧牲了長期增長。因此，由於很少的項目能夠維持用戶參與或吸引長期投資，因此市場主要是由代幣價格驅動的。