Solana：Memecoin 的归零地

区块链曾因其高速、低成本的交易而受到赞誉：比其竞争对手以太坊更快、更便宜。但自那以后，Solana 已经成为模因币狂热的归零地，这对投资者和网络本身来说都是危险的。

Solana has become a breeding ground for memecoins, thanks to its low transaction costs and minimal regulatory oversight. This poses a significant threat to investors and the long-term credibility of Solana.

由于交易成本低和监管力度极小，Solana 已成为模因币的滋生地。这对投资者和 Solana 的长期信誉构成了重大威胁。

Imagine if the New York Stock Exchange (NYSE) allowed anyone to create a shell company, market it to investors, and accept real money for their made-up company. You can't imagine this because it's slow and expensive to get listed on the NYSE. But it's exactly what happens with memecoins.

想象一下，如果纽约证券交易所（NYSE）允许任何人创建一家空壳公司，向投资者推销它，并为其虚构的公司接受真实的资金。这是你无法想象的，因为在纽约证券交易所上市既缓慢又昂贵。但这正是模因币所发生的情况。

Because Ethereum is slow and expensive, Solana has emerged as ground zero for memecoins. Solana's minimal transaction costs — as low as $0.0001! — make it the go-to platform for memecoin promoters.

由于以太坊速度缓慢且昂贵，Solana 已成为模因币的归零地。 Solana 的最低交易成本 — 低至 0.0001 美元！ — 使其成为 memecoin 推广者的首选平台。

The biggest offender is a viral platform called PUMP.FUN, which lets anyone launch their own memecoin for just a couple of dollars. So scammers can create a new memecoin, hold most of the tokens for themselves, hype up the token to drive up the price, then sell their tokens at a profit.

最大的罪魁祸首是一个名为 PUMP.FUN 的病毒平台，该平台允许任何人以几美元的价格推出自己的模因币。因此，骗子可以创建一种新的模因币，自己持有大部分代币，炒作代币以推高价格，然后出售代币以获取利润。

PUMP.FUN, as in “pump up the price, then have fun leaving others holding the bag.”

PUMP.FUN，如“抬高价格，然后让其他人承担责任”。

The number of memecoins launching on Solana through tools like PUMP.FUN is staggering: recently, over 100,000 new tokens were launching per day:

通过 PUMP.FUN 等工具在 Solana 上发布的 memecoin 数量惊人：最近，每天有超过 100,000 个新代币发布：

This massive explosion of memes has attracted over 1 million gamblers to Solana:

这种表情包的大规模爆发吸引了超过 100 万赌徒来到 Solana：

This memecoin frenzy has led to network congestion, raising serious questions about the long-term sustainability and credibility of Solana. It also highlights a glaring regulatory gap that the SEC should address.

这种模因币狂热导致了网络拥塞，引发了人们对 Solana 长期可持续性和可信度的严重质疑。它还凸显了美国证券交易委员会应该解决的一个明显的监管漏洞。

The SEC is charged with protecting investors. Memecoins are perhaps the most speculative and risky “investments” in the financial world today. They have no real value. They rely on hype and social media promotion. They're the fringiest of the fringe investments.

SEC 负责保护投资者。 Memecoin 可能是当今金融界最具投机性和风险的“投资”。它们没有真正的价值。他们依赖炒作和社交媒体推广。它们是边缘投资中最边缘的。

Compare memecoins with traditional markets. To get listed on NASDAQ, you go through extensive vetting. You have to meet strict financial and governance criteria. This process is supposed to be hard, so investors can trust in the credibility and transparency of NASDAQ-listed companies.

将模因币与传统市场进行比较。要在纳斯达克上市，您需要经过广泛的审查。您必须满足严格的财务和治理标准。这个过程应该是艰难的，因此投资者可以信任纳斯达克上市公司的可信度和透明度。

Or take the gambling industry, which is heavily regulated across the United States. Casinos are monitored by state gaming commissions, which enforce strict rules on everything from game fairness to gambling addiction prevention.

或者以赌博业为例，该行业在美国受到严格监管。赌场受到州博彩委员会的监管，该委员会在从游戏公平到预防赌博成瘾的各个方面都执行严格的规则。

As a society, we've agreed that when money is at stake, and the potential for exploitation is high, we need regulation to protect consumers.

作为一个社会，我们一致认为，当金钱受到威胁并且剥削的可能性很高时，我们需要监管来保护消费者。

Memecoins, of course, operate in a regulatory grey area. They combine the high-risk nature of gambling with the veneer of legitimate investment, while lacking the oversight for either the financial industry or the gambling industry. This creates a perfect storm for potential investor harm.

当然，模因币是在监管灰色地带运作的。它们将赌博的高风险性质与合法投资的外表结合起来，同时缺乏对金融业或赌博业的监管。这为潜在的投资者伤害创造了一场完美风暴。

I call on the SEC to do your job. If you want to crack down on crypto, start with the memecoins.

我呼吁美国证券交易委员会做好你的工作。如果你想打击加密货币，请从模因币开始。

There are legitimate crypto companies building useful and valuable products on blockchain technology, and there are memecoins. To date, the SEC has focused on prosecuting the former, and largely ignoring the latter. That needs to change:

有合法的加密货币公司在区块链技术上构建有用且有价值的产品，并且有模因币。迄今为止，美国证券交易委员会一直专注于起诉前者，而基本上忽视了后者。这需要改变：

1. Define and classify memecoins: The SEC should establish clear criteria to distinguish memecoins from legitimate crypto companies, focusing on factors like usefulness, team credibility, and marketing tactics.

1. 模因币的定义和分类：美国证券交易委员会应建立明确的标准，将模因币与合法的加密货币公司区分开来，重点关注实用性、团队可信度和营销策略等因素。

2. Implement listing requirements: The SEC should work with crypto exchanges to develop and enforce tough listing requirements for memecoins, similar to those used by traditional stock exchanges.

2. 实施上市要求：美国证券交易委员会应与加密货币交易所合作，制定并执行严格的 memecoin 上市要求，类似于传统证券交易所的要求。

3. Mandatory disclosures: The SEC should encourage all crypto projects to provide comprehensive disclosures about their founders, token distribution, and potential risks. (Not just memecoins.)

3. 强制披露：SEC 应鼓励所有加密项目全面披露其创始人、代币分布和潜在风险。 （不仅仅是模因币。）

4. Trading restrictions: The SEC should consider requiring Layer-1s like Solana to implement trading curbs or circuit breakers for memecoins to limit extreme price volatility.

4. 交易限制：SEC 应考虑要求 Solana 等 Layer-1 实施 memecoin 交易限制或熔断机制，以限制极端的价格波动。

5. Educational initiatives: The SEC should continue its campaigns to educate the public about the risks associated with memecoin investing.

5. 教育举措：美国证券交易委员会应继续开展宣传活动，教育公众了解与 memecoin 投资相关的风险。

By focusing its firepower on memecoins, the SEC can address one of the most harmful parts of crypto investing, without stifling innovation in legitimate companies.

通过将火力集中在模因币上，美国证券交易委员会可以解决加密货币投资中最有害的部分之一，而不会扼杀合法公司的创新。

Solana's memecoin problem is a symptom of a larger issue in the crypto space: to bring in more institutional investors, we've got to get rid of the gamblers. By taking action, the SEC can not only help prevent widespread financial harm. It can also bring some much-needed credibility to the crypto space.

Solana 的模因币问题是加密货币领域一个更大问题的征兆：为了吸引更多机构投资者，我们必须摆脱赌徒。通过采取行动，美国证券交易委员会不仅可以帮助防止广泛的财务损害。它还可以为加密货币领域带来一些急需的可信度。

Remember, Solana is a community-driven company, meaning SOL token holders decide the direction. This means the Solana community has even more power than the SEC to cut away the cancer of memecoins from their blockchain. So these ideas are in their long-term interest:

请记住，Solana 是一家社区驱动的公司，这意味着 SOL 代币持有者决定方向。这意味着 Solana 社区比 SEC 拥有更大的权力来消除区块链中的 memecoin 毒瘤。因此，这些想法符合他们的长远利益：

1. Community-driven proposals: The Solana community should create and vote in proposals that discourage memecoins. For example:

1. 社区驱动的提案：Solana 社区应该创建不鼓励 memecoin 的提案并对其进行投票。例如：

- Limit the number of tokens that can be created per day or week.

- 限制每天或每周可以创建的代币数量。

- Increase transaction fees for certain types of token activities (e.g., creating new tokens or transferring large amounts of tokens quickly).

- 增加某些类型代币活动的交易费用（例如，创建新代币或快速转移大量代币）。

- Flag certain types of tokens

- 标记某些类型的代币