加密货币市场在2025年第一季度受到了巨大打击

在1月中旬（就在唐纳德·特朗普就职典礼之前）达到顶峰3.8万亿美元之后，市场冷却了，该季度以2.8万亿美元的价格结束。

The cryptocurrency market took a sharp hit in the first quarter of 2025, with total market capitalization dropping by 18.6%. After peaking at $3.8 trillion in mid-January — just before Donald Trump’s inauguration — the market cooled off, closing the quarter at $2.8 trillion. Along with this, average daily trading volumes also saw a major dip, falling 27.3% to $146 billion.

加密货币市场在2025年第一季度受到了巨大打击，总市值下降了18.6％。在1月中旬（就在唐纳德·特朗普就职典礼之前）达到顶峰3.8万亿美元之后，市场冷却了，该季度以2.8万亿美元的价格结束。随之而来的是，平均每日交易量也大幅下降，下降了27.3％，至1.46亿美元。

While the market pulled back, Bitcoin strengthened its relative position, increasing dominance to 59.1%. This occurred even as BTC’s price fell 11.8% for the quarter, from its January ATH near $106k to close March around $82.5k, suggesting altcoins bore the brunt.

当市场退缩时，比特币增强了其相对位置，将优势提高到59.1％。即使BTC的价格在本季度下降了11.8％，从1月ATH近106K售价为11.8％，到3月在82.5万美元左右收盘，这表明Altcoins首当其冲。

One of the biggest stories during this period was the surge and crash in the meme coin market. The launch of Donald Trump’s official meme coin and Melania’s shortly after set off a meme coin craze, with thousands of tokens being created daily on the pump.fun platform.

在此期间，最大的故事之一是模因硬币市场的激增和崩溃。唐纳德·特朗普（Donald Trump）的官方模因硬币和梅拉尼亚（Melania）的推出不久后，在莫姆硬币热潮引发了，每天都会在pump.fun平台上创建成千上万的令牌。

The platform hit a record of 72,000 new token deployments in a single day at the height of this trend.

该平台在这一趋势的高峰期，在一天的高峰期间创下了72,000个新的代币部署的记录。

How Did the LIBRA Crash Impact Meme Sentiment & Pump.fun?The excitement around political-themed meme coins faded quickly after Argentinian President Javier Milei promoted a token called LIBRA. The coin’s price crashed soon after his tweet, with its market cap plunging from $4.6 billion to just $221 million in a few hours following a developer rug pull. This incident shook investor confidence in new meme tokens.

天秤座的崩溃如何影响模因情绪和泵。之后，以政治主题的模因硬币迅速消失，因为阿根廷总统总统贾维尔·米利（Javier Milei）推广了名为《天秤座》的象征。硬币的推文后不久，硬币的价格从46亿美元下降到开发商地毯的几个小时内的2.21亿美元。这一事件使投资者对新的模因令牌充满信心。

Though some thought Milei’s account was hacked, he confirmed the post was real. Later, he deleted it and claimed he didn’t know the details of the project. Investigations have now been launched—both by the government and by the courts. Some are accusing Milei of breaking ethics laws, though there’s no evidence he made money from the project.

尽管有人认为麦利的帐户被黑客入侵，但他确认该职位是真实的。后来，他删除了它，声称他不知道该项目的细节。现在已经由政府和法院发起了调查。有些人指责麦利违反道德法，尽管没有证据表明他从该项目中赚钱。

Since then, activity on pump.fun has dropped drastically. The number of new tokens deployed on the platform fell by 56.3% from its January peak, with only 31,000 being created daily by the end of March. Even the percentage of tokens that successfully moved out of the platform’s early stage, known as ‘graduated’ tokens, dropped from 1.4% in January to just 0.7%.

从那以后，泵的活动急剧下降。该平台上部署的新代币数量从1月份的峰值下降了56.3％，到3月底，每天只创建31,000个。即使是成功从平台的早期阶段（称为“毕业”代币）的代币百分比也从一月份的1.4％下降到仅0.7％。