Memecoin 崩溃：Solana、Coinbase 的基础加密货币暴跌两位数

Solana 和 Coinbase 的以太坊 Layer-2 Base 上的 memecoin 总市值在过去 24 小时内分别暴跌 12% 和 19%，反映出比特币价格急剧下跌 4.94%。虽然一些分析师将此次抛售归因于比特币价格的摇摇欲坠，但其他人则认为这是近期模因币人气飙升后的自然调整。

Memecoin Meltdown: Solana and Coinbase's Base Layer-2 Ethereum Suffer Double-Digit Declines

Memecoin 崩溃：Solana 和 Coinbase 的 Base Layer-2 以太坊遭受两位数下跌

The memecoin market has witnessed a precipitous downturn in the past 24 hours, with the total market capitalization of these playful cryptocurrencies plunging 12% on Solana and 19% on Coinbase's Ethereum layer-2 solution, Base. This sell-off coincided with a sharp 4.94% decline in the price of Bitcoin (BTC), the bellwether of the cryptocurrency market.

Memecoin 市场在过去 24 小时内经历了急剧下滑，这些有趣的加密货币的总市值在 Solana 上暴跌 12%，在 Coinbase 的以太坊第 2 层解决方案 Base 上暴跌 19%。此次抛售恰逢加密货币市场领头羊比特币 (BTC) 价格大幅下跌 4.94%。

Analysts have attributed the memecoin sell-off to a combination of factors, including the volatility of the overall crypto market and the waning appeal of meme-based cryptocurrencies.

分析师将模因币的抛售归因于多种因素，包括整个加密货币市场的波动以及基于模因的加密货币的吸引力减弱。

"It's not uncommon for memecoins to tank when BTC falters," said a crypto analyst who requested anonymity. "Their value is often driven by sentiment and hype, which can quickly evaporate when the market turns bearish."

一位不愿透露姓名的加密货币分析师表示：“当比特币下跌时，模因币下跌的情况并不少见。” “它们的价值通常是由情绪和炒作驱动的，当市场转为看跌时，这些情绪和炒作可能会迅速蒸发。”

Another analyst, Mati Greenspan, founder of Quantum Economics, believes that the humor behind memecoins has simply run its course. "I guess it stopped being funny," Greenspan told Cointelegraph. "The valuations got too high, and the joke got old. It was bound to end at some point."

另一位分析师、量子经济学创始人马蒂·格林斯潘 (Mati Greenspan) 认为，模因币背后的幽默已经走到了尽头。 “我想这不再有趣了，”格林斯潘告诉 Cointelegraph。 “估值太高了，笑话也过时了。它注定会在某个时候结束。”

Solana's Memecoin Market Cap Plummets

Solana 的 Memecoin 市值暴跌

Solana's memecoin market capitalization has plummeted by 12% in the past 24 hours, according to CoinGecko. The leading Solana-based meme token, dogwifhat (WIF), has experienced a 9% decline, shedding $3.9 billion in market value.

据 CoinGecko 称，Solana 的 memecoin 市值在过去 24 小时内暴跌 12%。基于 Solana 的领先模因代币 Dogwifhat (WIF) 下跌了 9%，市值缩水 39 亿美元。

WIF still accounts for nearly half of the total memecoin market share on Solana, but its open interest on eight major crypto exchanges has dropped significantly, with $2.76 million in leveraged positions liquidated in the past 24 hours.

WIF 仍占据 Solana 上 memecoin 市场份额的近一半，但其在八家主要加密货币交易所的未平仓合约大幅下降，过去 24 小时内清算了 276 万美元的杠杆头寸。

Base's Memecoin Market Cap Crumbles

Base 的 Memecoin 市值崩溃

Base's total market cap has also taken a hit, dropping 19% to $1.47 billion. The native token of a new Layer 3 network called "Degen" (DEGEN) on Base has been the hardest hit, suffering a 26.14% decline in market cap to $436.5 million.

Base 的总市值也受到打击，下跌 19% 至 14.7 亿美元。 Base 上名为“Degen”（DEGEN）的新第 3 层网络的原生代币受到的打击最为严重，市值下跌 26.14% 至 4.365 亿美元。

Bearish Sentiment Permeates the Memecoin Market

看跌情绪弥漫 Memecoin 市场

Greenspan noted that while Bitcoin is finding support and consolidating, memecoins are experiencing sharp fluctuations. "Bitcoin's retracement is relatively minor, but memecoins are getting slaughtered," Greenspan said.

格林斯潘指出，虽然比特币正在寻求支撑和整合，但模因币正在经历剧烈波动。格林斯潘表示：“比特币的回调相对较小，但模因币正在遭到屠杀。”

Greenspan attributed this divergence to the strong correlation between Bitcoin and other cryptocurrencies. "Bitcoin has a directional correlation with the rest of the crypto market," Greenspan said. "When Bitcoin goes up, they go up more, and when Bitcoin goes down, they go down even more. This relationship is likely to continue for some time."

格林斯潘将这种差异归因于比特币和其他加密货币之间的强相关性。格林斯潘说：“比特币与加密货币市场的其他部分具有方向相关性。” “当比特币上涨时，它们会上涨得更多，而当比特币下跌时，它们会下跌得更多。这种关系可能会持续一段时间。”

Charles Edwards, founder of Capriole, a quantitative Bitcoin and digital asset fund, echoed Greenspan's sentiment, stating that memecoins are often subject to amplified volatility compared to Bitcoin.

量化比特币和数字资产基金 Capriole 的创始人查尔斯·爱德华兹 (Charles Edwards) 呼应了格林斯潘的观点，表示与比特币相比，模因币往往会遭受更大的波动性。

"These altcoins are high beta on Bitcoin," Edwards said. "If Bitcoin drops 7-10%, as it has recently, you can expect coins like WIF to drop at least 1.5 -2x more." Edwards added that excitement and hype have been major drivers of prices in the Solana and Base ecosystems recently.

“这些山寨币的贝塔值比比特币高，”爱德华兹说。 “如果比特币像最近一样下跌 7-10%，那么你可以预期像 WIF 这样的代币会下跌至少 1.5 -2 倍。” Edwards 补充说，兴奋和炒作是最近 Solana 和 Base 生态系统价格的主要驱动因素。

"There's been a lot of buzz around SOL and Base," Edwards said. "But I would argue that they have less tangible value than BTC and Ethereum."

“围绕 SOL 和 Base 有很多讨论，”爱德华兹说。 “但我认为它们的有形价值不如比特币和以太坊。”

Memecoin Market Nears Oversaturation

Memecoin 市场接近过度饱和

Crypto analyst Ran Neuner believes that the memecoin market is approaching an oversaturation point. "The memecoin market is getting oversaturated," Neuner said in an April 2 tweet. "There are too many joke coins with no real value."

加密货币分析师 Ran Neuner 认为，memecoin 市场正在接近过饱和点。 “模因币市场已经过度饱和，”诺伊纳在 4 月 2 日的推文中表示。 “有太多玩笑币没有实际价值。”

The recent sell-off in memecoins serves as a reminder of the inherent risks and volatility associated with these cryptocurrencies. As with any investment, investors should exercise caution and conduct thorough research before committing to memecoins or any other cryptocurrency.

最近模因币的抛售提醒人们注意与这些加密货币相关的固有风险和波动性。与任何投资一样，投资者在投资模因币或任何其他加密货币之前应谨慎行事并进行彻底的研究。