Memecoins：另一个牛市周期泡沫？

在每次减半后的牛市周期中，加密货币市场都会出现一种新的趋势。 2017年牛市周期，首次代币发行（ICO）风潮盛行；在 2020-21 年牛市周期中，NFT 成为主要趋势，2024 年，memecoin 成为主导趋势。

Crypto Exchanges Fuel Meme Fest

加密货币交易所推动 Meme 盛宴

Memecoins have become a growing theme in the crypto market during this bull cycle. This is evidenced by several crypto memecoins being created and listed by crypto exchanges.

在这个牛市周期中，Memecoin 已成为加密货币市场中一个不断增长的主题。加密货币交易所创建和列出的几种加密模因币就证明了这一点。

Of the tens of thousands of memecoins created this bull cycle, nearly a dozen have found mainstream crypto exchange listings.

在创造了这个牛市周期的数以万计的模因币中，有近十几个已经找到了主流加密货币交易所上市。

The memecoin frenzy is evident from the fact that mainstream crypto exchanges like Binance and Coinbase have listed several meme tokens in this bull cycle.

币安和 Coinbase 等主流加密货币交易所在本次牛市周期中列出了多种 Meme 代币，这一事实足以证明 Meme 币的狂热。

The meme coin frenzy peaked in April, when meme coins, barely an old week, achieved a billion-dollar market capitalization and exchange listings.

Meme 币的狂热在 4 月份达到顶峰，仅仅一周时间，Meme 币的市值就达到了 10 亿美元，并且在交易所上市。

The trend also gave rise to many racist meme tokens, gory content, and several extreme versions of the people trying to pump their tokens. The scams and pump-and-dump schemers have been constant.

这一趋势还催生了许多种族主义模因代币、血腥内容以及试图炒作代币的人们的几种极端版本。骗局和拉高抛售阴谋者一直在发生。

The frenzy reached a point where the United Kingdom banned platforms such as Pump.fun, which allows anyone to create memecoins anonymously.

这场狂热达到了英国禁止 Pump.fun 等平台的程度，该平台允许任何人匿名创建模因币。

Memecoins Another Bull Cycle Bubble?

Memecoins 另一个牛市周期泡沫？

In every post-halving bull cycle, a new trend gets popularized and overrun in the crypto market. In the 2017 bull cycle, the initial coin offering(ICO) trend was popularized; during the 2020-21 bull cycle, NFTs emerged as the key trend, and in 2024, memecoins became the leading trend.

在每次减半后的牛市周期中，加密货币市场都会出现一种新的趋势。 2017年牛市周期，首次代币发行（ICO）风潮盛行；在 2020-21 年牛市周期中，NFT 成为主要趋势，2024 年，memecoin 成为主导趋势。

However, each popular trend often becomes a bull cycle bubble as most projects fail to achieve the projected target. According to data, 90% of the ICOs were scams .

然而，由于大多数项目未能实现预期目标，每种流行趋势往往会成为牛市周期泡沫。据数据显示，90%的ICO都是骗局。

Similarly, most NFT projects failed to offer the promised returns, and their value fell over 90% in the bear market. A similar trend is being seen with memecoins as well, where many call it pure gambling.

同样，大多数NFT项目也未能提供承诺的回报，其价值在熊市中下跌了90%以上。模因币也出现了类似的趋势，许多人称之为纯粹的赌博。

Memecoins had come a long way from their Dogecoin era when they were primarily seen as a cultural thing rather than an investment. The 2021 bull cycle turned these meme tokens into an investment class, with Dogecoin and Shiba Inu making the top 10 by market capitalization.

Memecoin 与狗狗币时代相比已经走过了很长一段路，当时它们主要被视为一种文化而不是投资。 2021 年的牛市周期将这些模因代币转变为投资类别，狗狗币和柴犬进入市值前十。

In 2024, these memecoins have become a pure form of gambling where users buy or create new memecoins to get rich quickly.

到 2024 年，这些模因币已经成为一种纯粹的赌博形式，用户可以购买或创建新的模因币来快速致富。