Bybit Mega-Hack从Meme Coin Market中删除了数十亿美元。 Pepe（Pepe），Dogecoin（Doge）和Shiba Inu（Shib）被击中最困难。

Bybit Mega -Hack通过加密货币市场发出了一波恐慌，最投机性的资产 - 模因硬币 - 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通过加密市场引起了一波恐慌，最投机性的资产（Meme Coins）的成本最重。一群商人在黑客消息的消息后逃离了危险，并急于将所有挥发性令牌交换为稳定的代币或现金，从而增加了已经明显的大抛售。比特币从最近的高点（从109,000美元降至87,000美元）中损失了约20％，而以太币下降了约8％（约为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 Bybit itself saw billions torn out, as over 21,000 BTC and $2.25B in USDT was withdrawn from it in a matter of days as users withdrew their funds from the exchange.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.

较小的AltCoins的情况越来越糟，在直接的后果中，流行的模因硬币的指数围成37％。当投资者倾倒高收益，炒作驱动的硬币时，这种36.9％的“模因硬币指数”崩溃反映了人们对风险厌恶的突然变化。拜比特本身被撕毁了数十亿美元，因为用户从交易所退出资金时，超过21,000美元的BTC和2.25B美元在USDT中被撤回。交流之间的流动性稀少，市场情绪震撼了令人恐惧，曾经的国王硬币开始下降。

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因其从一开始就不稳定的价格移动而臭名昭著，在最近的印记之后很快就失去了平地。例如，在2月21日，在一些新闻监管的关注之后，第一个模因硬币Dogecoin（Doge）达到了大约0.26美元，然后在流通后的同一晚上下跌了近10％至0.235美元。它继续在第二天的衰减过程，交易一会儿接近0.20美元，程度逐渐增益无效。第二重要的模因象征，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.

通过一个分析指出，随着持有者倾斜挥发性加密蛋白，这两个立即跌至多周的低点。远离它的是新的模因硬币不遗余力。在发生骇客的那天，Pepe在以太坊平台上运行，下降约10％，第二天恢复了6％。同样，像弗洛基（Floki）和邦克（Bonk）这样的社区代币获得了两位数损失的两位数损失，也没有免受攻击后抛售的影响。

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.

所有人都随着炒作和交易量而陷入困境，最终落在了Meme Coin Mania上。关于模因硬币的猜测已经开始显示在2025年初冷却的迹象，而Bybit事件确实有助于加快该过程。的确，目前被淘汰的数字非常引人注目：到2025年3月初，整个模因硬币市值已跌至约540亿美元，比先前三个月的125B售价下降了56.8％。换句话说，从12月到3月，与模因令牌相关的700亿美元纸质价值被从面料上撕下。

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，在峰值之后的一个月内，模因硬币量的月份备份损失为26％。正是在一月份的某一时刻，模因交易占整个加密交易量的10％以上，但到4月，这个数字已减少到不到4％。这意味着至少在当时，许多交易者现在已经从模因硬币中旋转了。

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.

在黑客之前和之后，主要模因硬币的性能突出了下降 - dogecoin（Doge）：围绕黑客的一个月中约为-22％。 （2月下旬，它继续以约0.26美元的价格降至约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）：同一时期的大约-10％，由于无法维持较高水平，贸易价格徘徊在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）：两位数的百分比下降；尽管短暂反弹，但仍来自前黑客水平的约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）：在黑客攻击后的几周内，每个人都看到陡峭的抛售超过10-15％，反映出较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.

家用模因硬币中的这种衰落使所有部门进一步拖动。 Dogecoin本身大约是Meme-Coin市场价值的一半。它的跌倒自然会偏向于产生巨大效果的规模。后来在社会指标中也观察到了信心危机。随着这种低迷，社交媒体对加密货币中的模因硬币的嗡嗡声大幅下降。

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

Google趋势上的搜索兴趣表明，“模因硬币”在1月中旬吸引了100分的完美分数，并跌至