過去這一兩年，許多「一日行情」的加密貨幣新星如曇花一現般暴漲暴跌，行情跌宕起伏，令人驚心動魄。這些瞬間崛起、又瞬間崩潰的故事，同時讓加密投資者既著迷又膽顫。
在2024至2025年初的牛市熱潮中，社群媒體上充滿一夜暴富又淪為接盤俠的冷門代幣傳奇。這個現象彰顯了加密市場投機熱潮與其極端波動的殘酷性。
最具代表性的例子，是 Pi Network的PI幣。這個專案由數百萬用戶於手機積極挖礦多年，等待主網上線。當Pi終於在2025年2月主網開放時，PI幣2月26日衝上歷史新高$2.98，市值一度擠進加密貨幣前十。
社群熱議和長期期待推動其市值突破200億美元，堪稱空前盛世。但數週後現實來襲：到2025年4月初，PI只剩下約$0.66，市值蒸發超過145億美元，跌幅達78%。
這波崩跌讓高點進場的投資人血本無歸，充分印證炒作一旦幻滅，慘況有多快浮現。Pi的暴起暴落並非孤例。2024至2025年間，無數迷因、名人或熱門敘事主題的山寨幣都曾短暫爆紅，旋即從主流視線中消失。推特、Reddit等平台見證了這波炒作與退潮。這類代幣多靠炒作和FOMO助長，吸引想一夜致富的散戶。正如一名觀察者調侃：「愚蠢行動竟然成為值得慶祝的事」，直到泡沫破滅為止。
這篇文章將深入探討急漲急跌迷因幣現象。除了剖析炒作與崩盤原因，還概述2024–2025最具代表性的十大「英雄變狗熊」加密貨幣（包括備受關注的TRUMP和MELANIA），並討論投資人如何避開這類陷阱。本文致力於回歸理性，引用可信管道，辨析迷因泡沫和真實價值，為投資人敲響警鐘。
為何幣會暴漲暴跌？
很多曇花一現的幣屬於純粹炒作。「病毒式」行銷配合推特（X）、Telegram、TikTok、Reddit等社群平台，能在數小時內讓一支幣聲名大噪。只需一個迷因或流行標籤即可炒熱炒作氛圍，往往在還沒任何實質價值前就吸引大量投機者。「迷因幣的核心價值，就是大家願意相信也大量買進它」，正如一位分析師所言。
初期買家在網路上炫耀爆表漲幅，引發新投資人FOMO紛紛進場，賣壓與新買盤交疊，價格迅速偏離基本面，氣氛冷卻後即面臨崩盤。
沒有什麼比名人背書更能點燃加密市場。只要謠傳Elon Musk將推文或百萬粉絲的KOL參與，足以引發搶購。而部分名人乾脆直接發幣，讓冷門幣染上一層「正式」光環（或至少成為話題）。例如，美國前總統川普及其夫人梅蘭妮亞各自推出官方迷因幣，引爆2025年初話題和交易狂潮。2024年，歌手Iggy Azalea在8百萬追蹤者間推廣其MOTHER幣，幣價最高市值超越2億美元。
但以名人為號召的熱潮幾乎都難以持久。一旦新鮮感消退，或推廣者套現離場，這些幣就大幅下跌。川普就被批評「圈錢」，其團隊持有80%供應量，根本就是圖利結構。
某些幣則炒新概念題材——例如「AI幣」、「新型鏈」或流行文化暗示。2024年各種AI、下一個狗狗幣等故事都能引發瘋狂買盤。這些計畫經常有理想藍圖或白皮書，卻鮮見實際產品。牛市高漲時，投資人選擇盡信故事，期待短期暴富。等現實打臉、開發延宕、用戶低於預期、價格被獲利了結時即急速歸零。
一些「一日行情」更由刻意操縱推動。所謂「拉抬出貨」就是內部人士低價拉貨，透過狂熱宣傳推高價格，再於高點拋售。新進散戶接棒後，幣價崩跌回歸零。無論是匿名開發者還是專業操盤手，這種操作充分展示了極端貪婪如何催生極端波動。
詐騙常見腳本還有「地毯拉扯」，即開發團隊捲款逃跑。通常在吸收投資者或創造短期漲幅後突然清空資金，使幣價瞬間歸零。2024–2025年短命代幣多走這套路。例如，Froggy幣在Reddit與X被打造為社群迷因，然而團隊突然蒸發、清空資金池，如今FROGGY幣較高點暴跌99.95%。
與股票不同，這類熱炒幣通常無股東權益、無現金流——只剩一張集體信仰票據。許多幣本身就有為惡搞或實驗而生的色彩，本質全靠情緒和動能炒作，當風向逆轉時毫無基本面支撐。迷因幣價格波動尤其劇烈，部分更設有幾乎註定會崩盤的代幣經濟設計：如發行量龐大（動輒兆單位），即使每單位價格極微小也能炒作出暴量市值；或是激進解鎖計畫，大批新幣湧入流通導致價格大幅稀釋。
最後，大環境也很重要。2024年底加密市場大反彈（比特幣創新高，熱情蔓延），為投機泡沫提供溫床。迷因幣總市值一度攀升至1370億美元歷史高點。但循環反轉、市場風險意願下滑後，這些泡沫資產首當其衝。2025年3月，迷因幣領域「幾乎回吐所有漲幅」，自高點崩跌逾五成，投資人搶逃。
市場低迷時，資金流向優質資產或現金，虛弱的熱炒幣無人承接。流動性枯竭，就連想虧本脫手都難如登天。所以，一日神話的暴漲暴跌，其實是社群炒作、名人放大、熱門敘事以及經濟操縱、怪異代幣學等多重因素下的產物。
十大消失的加密貨幣（2024–2025）
接下來介紹十大於2024–2025年間因驚人漲幅成為新聞焦點，卻迅速泡沫消退的山寨幣。每個案例將整理其爆發與崩跌時段、市值高峰與現價美元、及一則簡述。
Pi Network (PI)
上漲：2025年2–3月；崩跌：2025年3–4月。 高點：約$2.98；市值約198億美元。 現價：約$0.66；市值約46億美元。
2025年2月20日Pi主網開放時，PI幣引發轟動，6天內衝上$2.98與近200億市值，一度躋身前十大加密貨幣。
然而熱潮轉瞬即逝。技術問題、延遲開放提領、大量待釋出代幣等壓力動搖信心。2025年4月初，PI跌到約$0.66（跌幅78%），市值45億美元。
Pi案例正好說明，就算是有實體基礎的專案，過度炒作和不利的代幣經濟設計（如大量新幣解鎖）也可能讓早期投資人慘賠。
Trump (TRUMP)
上漲：2025年1月18–19日；崩跌：2025年1–3月。 高點：1月19日$75.35。 現價：約$10；市值約10億美元。
2025年初最受矚目的迷因幣非$TRUMP莫屬，由川普親信在美國總統就職日前夕發行。1月18日開盤即引爆瘋狂交易，市值當天約150億美元（帳面）。
熱潮來自川普親自背書——交易金額一度破億，由信眾和投機者點燃。但好景不常。隔天，第一夫人梅蘭妮亞另推競爭幣（見下），巨額投機資金瞬間被分流。
1月22日前，TRUMP幣殘喘到約$43，隨即... March 2025 it had sunk to about $11 – an 85% drawdown from its peak. The implosion left many supporters feeling betrayed. Critics noted that Trump’s team held the majority of supply and earned tens of millions in fees, all while ordinary buyers nursed losses.
2025年3月，價格已經跌到約11美元——較高點回撤了85%。這場崩盤讓許多支持者感到被背叛。批評者指出，川普的團隊持有絕大多數供應量，並在此過程中賺取了數千萬美元的費用，而普通買家卻只能承受損失。
The TRUMP coin episode became a textbook example of political celebrity hype yielding financial heartbreak for late-arriving investors.
TRUMP幣事件成為了政治名人炒作最終讓遲到投資人慘遭損失的經典案例。
Melania (MELANIA)
Surge: Jan 20, 2025; Crash: Jan–Feb 2025. Peak: $13.73 on launch day Jan 20. Current: ~$11; Market Cap ~$1.0 billion.
Not to be outdone by her husband, Melania Trump launched her own memecoin on Jan 20 with a glamorous social media announcement. MELANIA’s debut was explosive: Peak: $13.73 on launch day Jan 20; Market Cap roughly $2 billion. Within hours the price topped $12 and the project boasted a notional $12 billion.
梅蘭妮亞·川普不讓丈夫專美於前，於1月20日高調在社群媒體宣佈推出自己的迷因幣。MELANIA首發時氣勢如虹：1月20日當天價格一度衝上13.73美元，市值大約20億美元。幾小時內價格突破12美元，名義市值一度達到120億美元。
Traders dumped TRUMP for MELANIA, viewing it as the next hot ticket. But this too unraveled swiftly. By Jan 22, MELANIA was already down 70% from its high, trading near $4. In the ensuing weeks it kept sliding – by early February the coin had lost almost 90% of its peak value.
投機者爭相拋售TRUMP改買MELANIA，視之為下一波熱門標的。但這股熱潮也極速破滅。到1月22日，MELANIA已經自高點下跌70%，只剩約4美元。隨後幾週繼續滑落——到2月初幣價已跌去近九成。
Like many fad tokens, Melania’s coin suffered from novelty burnout – once the initial buzz wore off, there was nothing to sustain demand. Moreover, blockchain sleuths revealed 89% of MELANIA’s supply was held in a single wallet (presumably controlled by its creators), undermining any pretense of community-driven value. Today the coin is a mere footnote, illustrating how even a First Lady’s brand could not immunize a meme token from collapse.
和很多追逐風潮的代幣一樣，Melania幣昙花一現，一旦新鮮感退去，需求頓時瓦解。更糟的是，區塊鏈偵探發現有89%供應量集中在單一錢包（推測為創建方控制），讓所有“社群共治價值”都成空談。如今這枚幣只是過眼雲煙，證明即使是第一夫人的品牌也救不了迷因幣免於崩潰。
Dogwifhat (WIF)
Surge: Jan–Mar 2024; Crash: Apr 2024–Feb 2025. Peak: $4.64 on Mar 30, 2024. Current: ~$0.60; Market Cap ~$0.5 billion.
Amid the early-2024 memecoin revival, Dogwifhat – a Solana-based token inspired by a Shiba Inu puppy wearing a hat – became an unlikely star. Launched in late Nov 2023, WIF began 2024 at mere fractions of a cent.
2024年初一波迷因幣復興潮下，由柴犬戴帽子發想而誕生的Solana幣Dogwifhat異軍突起。該幣於2023年11月底發行，2024年初僅值分毫。
A social media campaign (including fans raising $700k to display WIF’s logo on the Las Vegas Sphere in March) propelled the token on a remarkable run, soon making WIF briefly the 3rd largest meme coin behind only DOGE and SHIB.
社群發起一連串宣傳（如粉絲募資70萬美元，3月將WIF標誌投放拉斯維加斯球體屏），激勵WIF價格飆升，一度成為僅次於DOGE與SHIB的第三大迷因幣。
The largest holder’s stash ballooned to an unrealized profit of $127 million However, WIF’s ascent was unsustainable. As profit-taking set in and memecoin fever cooled, WIF tumbled through the rest of 2024. A wider Solana ecosystem downturn and insiders gradually cashing out contributed to steady sell pressure. By February 2025, WIF hit a low of $0.55 (–87% from ATH), and it has since fallen out of the top 100 cryptos.
最大持有人帳面獲利高達1.27億美元，但WIF最終難逃回調。隨著獲利了結和迷因熱潮消退，2024年下半年WIF一路下跌。Solana生態系整體轉弱+內部人士陸續拋售，賣壓沉重。到2025年2月，WIF觸底至0.55美元（較高點腰斬87%），並已跌出加密Top 100行列。
Dogwifhat’s boom and bust shows how even a strong community and viral marketing (it famously got endorsement from ex-BitMEX CEO Arthur Hayes, who joked about counting to $10) couldn’t prevent a harsh correction once hype gave way to fundamentals.
Dogwifhat的泡沫與崩盤說明：即便社群活躍、行銷爆紅（曾獲前BitMEX執行長Arthur Hayes網路加持，玩笑說數到10美元），一旦炒作退卻，基本面支撐不足，修正還是來得又快又猛。
Pepe (PEPE)
Surge: Apr–May 2023 and Nov–Dec 2024; Crash: Mid-2023, and again 2025. Peak: ~$0.00002825 (Dec 2024); Market Cap ~$3–4 billion (estimated). Current: ~$0.000006; Market Cap ~$0.6–0.8 billion.
Pepe the Frog-themed coin PEPE was arguably the icon of 2023’s meme mania, but its volatile ride continued into 2024. After an initial explosive surge in spring 2023 (where PEPE’s market cap hit $1.6 billion within weeks of launch), the token lost over 80% of its value by mid-2023 as that hype cycle ended.
以青蛙Pepe為主題的PEPE幣可說是2023年迷因狂潮的代表，波動劇烈。2023年春天剛發行就狂飆（市值數週內衝到16億美元），但到年中隨熱度消退，市值蒸發超過八成。
Yet Pepe had a second act: late 2024’s Trump-fueled memecoin rally lifted PEPE again, and it reached a new all-time high price of $0.00002825 in early December 2024, corresponding to roughly a multi-billion-dollar capitalization.
不過Pepe還有第二波高潮：2024年末搭上川普話題迷因幣熱，又創新高——2024年12月初一度達0.00002825美元，市值數十億美元。
Once the broader meme market started deflating in 2025, Pepe swiftly followed. By March 2025, PEPE was trading around $0.000006, down ~79% from its December peak. While still more liquid than many others on this list (Pepe retained a loyal fanbase and major exchange listings), its “forgotten” phase set in as attention shifted to newer fads. Pepe’s boom-bust demonstrates the extreme cyclicality of meme coins – even the popular ones can seesaw wildly with little warning, and those who bought the top during the frenzy experienced painful losses.
但到了2025年迷因幣市場整體退潮，Pepe也無法倖免。2025年3月，PEPE交易價格回落到0.000006美元，距高點跌去約79%。雖然流動性還勝過本榜單不少明日黃花（始終有死忠粉、仍在大所上市），但它也進入“被遺忘”階段，新世代熱潮更受矚目。Pepe的起落說明迷因幣循環極端——再熱門的幣也可瞬間大起大落，追高小心慘賠。
Hawk (HAWK)
Surge: Dec 4, 2024; Crash: literally within minutes on Dec 4, 2024. Peak: ~$490M cap (Dec 2024).
This Solana-based token is infamous for one of the fastest rug pulls on record. Hailey Welch, a 24-year-old TikTok personality dubbed the “Hawk Tuah girl” after a viral meme, launched $HAWK amid much fanfare, attracting her fans and crypto speculators alike.
這個Solana幣因“閃電地毯”出名。24歲TikTok紅人Hailey Welch（綽號“Hawk Tuah girl”源自迷因影片）盛大推出$HAWK，吸引粉絲與加密投機客爭相進場。
Frenzied buying sent HAWK’s market cap soaring to about $490 million just after launch. But within 20 minutes, it catastrophically collapsed by 93%, plummeting to around a $60 million cap. In effect, nearly $430 million of value evaporated, as developers dumped their holdings and pulled liquidity.
瘋狂搶購推高HAWK市值剛發行幾分鐘就飆到4.9億美元。然後僅僅20分鐘後崩跌93%，市值僅剩約6,000萬美元。實際上，超過4.3億市值瞬間蒸發——開發者砸貨、抽跑流動性所致。
Today, HAWK trades at only a tiny fraction of a cent, its market value around just $4 million – essentially a dead coin. The episode led to investor lawsuits and even an SEC probe, though Welch herself avoided direct legal repercussions by claiming she wasn’t the one running the show.
如今HAWK幾乎不值一提，市值僅約400萬美元——形同廢幣。這場事件引發投資人提告，甚至美國SEC也展開調查，不過Welch本人因聲稱未直接操盤因此未被追究。
Hawk’s rise-and-fall – all in the span of a single afternoon – serves as a stark warning: if a new token’s value jumps exponentially on hype, it can crater just as quickly. Rug pulls like this are a harsh lesson that not every “moonshot” is what it seems.
Hawk一下午內的暴漲暴跌，是極為殘酷的警示：如果新幣靠爆紅炒作暴拉，隨時可能同樣暴跌崩塌。這類閃崩拉地毯事件血淋淋說明，不是每個“飛天夢”都是機會。
Book of Meme (BOME)
Surge: Mar–Apr 2024; Crash: mid-2024. Peak: ~$0.0269 (Apr 2024); Market Cap ~$1.2 billion. Current: ~$0.0011; Market Cap ~$75 million.
BOME rode the speculative wave of meme coin pre-sales to stunning heights. Created as a sort of “digital meme archive” on Solana, BOME caught fire in spring 2024 by tapping into community FOMO. A highly-publicized token sale and subsequent Binance listing in March triggered a meteoric rise – BOME’s market cap blew past $1 billion in just three days post-listing.
BOME搭著迷因幣預售炒作風潮直衝雲霄。它定位為Solana生態“數位迷因檔案館”，2024年春掀起FOMO熱潮。3月公開銷售及隨後Binance上市助推币价：上市三天內市值突破10億美元。
Its price, which started around $0.00006 in mid-March, hit an all-time high of $0.0269 by mid-April, an increase of over 40,000% that made early buyers a fortune. However, the euphoria quickly gave way to controversy and selling pressure. Critics decried BOME’s pre-sale model as enticing quick gains while exposing investors to huge risks.
幣價2024年3月中起僅約0.00006美元，到4月中曾暴衝至0.0269美元，漲幅超過4萬倍，早期投資者賺翻。然而亢奮之後馬上爆發爭議與拋售潮，批評聲浪集中在BOME預售機制：雖誘使投機者短期獲利，但也暴露巨大風險。
Sure enough, as soon as initial lock-ups expired and hype moved on to the next meme coin, BOME’s price cascaded downward. By late 2024, BOME was more than 95% below its peak, languishing around $0.0011.
果不其然，首波鎖倉到期、市场熱度轉向新幣時，BOME價格斷崖式下滑。到2024年底回落至約0.0011美元，相較高點跌去超過95%。
It is a shell of its former self. The rise and retreat of Book of Meme highlight how liquidity and attention are fleeting in this segment – yesterday’s billion-dollar darling can become today’s forgotten token once the crowd moves on.
如今BOME只剩昔日空殼。Book of Meme的漲跌說明：在這個圈子，流動性與關注度轉瞬即逝——昨天的十億級明星，明天就可能成為被遺忘的幣。
MOTHER (MOTHER)
Surge: May–June 2024; Crash: Summer–Fall 2024. Peak: ~$0.25 (June 6, 2024); Market Cap ~$200 million. Current: ~$0.03; Market Cap ~$90–100 million.
When Australian rapper Iggy Azalea launched her Solana-based $MOTHER coin in May 2024, it combined celebrity buzz with crypto’s meme culture – and it took off dramatically. In just over a week, by early June, MOTHER’s market capitalization swelled to about $200 million, helped by Azalea relentlessly promoting it on her social channels. One lucky trader turned a $3,200 pre-sale investment into a $9 million stake as the token kept hitting new highs.
澳洲饒舌歌手Iggy Azalea於2024年5月推出Solana幣$MOTHER，結合名人話題與加密迷因文化——幣價立即暴衝。一週內（6月初），MOTHER市值膨脹至2億美元，Azalea親自高頻在社群推廣。一名早期預售投資人甚至用3200美元換到九百萬美元身家，隨著幣價屢創新高。
Yet, storms soon gathered. Reports emerged of insider wallets that had quietly scooped up large amounts of MOTHER before public release (and likely sold into the rally). Critics lambasted Azalea’s public stunts – including a risqué “Motherland” party in Singapore – as gimmickry that “set back crypto’s reputation”
但好景不常，醜聞迅速浮現。爆料顯示內部錢包在公開前悄悄大量掃貨（極可能高位拋售）。批評者痛批Azalea譁眾取寵，包括在新加坡舉辦露骨派對“Motherland”；有質疑指這些作秀“拖累加密圈名聲”。
As initial fervor faded, MOTHER’s price sagged. By September 2024, despite a brief bump from a new casino use-case announcement, MOTHER was down 58% from its peak, and hovering around a $95 million cap. It has since drifted to roughly $0.03 (far off early highs), and a similar market cap in the low nine figures.
一旦熱度消退，MOTHER價格迅速下跌。到2024年9月，即使因新增娛樂場應用短暫反彈，幣價相較高點也跌逾58%，市值約9,500萬美元。隨後幣價一路滑落，現僅約0.03美元，市值亦維持在九位數區間。
Azalea’s venture underlined the pitfalls of celebrity coins: initial hype can be powerful, but if the token’s raison d’être is thin (in MOTHER’s case, essentially being a fan token with no real utility), sustaining value is exceedingly difficult. Today MOTHER trades at a fraction of its launch value, its early “millionaires” mostly gone just as quickly as they came.
Azalea的案例再度證明名人幣的盲點：熱度雖強，但若代幣沒有真正用途（如MOTHER本質只是“粉絲幣”），價值難長久。如今MOTHER僅剩發行初期價值的一小部分，早期爆富者也多數隨風而逝。
Daddy (DADDY or “Daddy Tate”)
Surge: June 2024; Crash: late 2024–2025. Peak: ~$0.24 (mid-2024); Market Cap estimated ~$120–150 million. Current: ~$0.04; Market Cap ~$22 million.
Controversial influencer Andrew Tate lent his name to DADDY, a token launched on the Pump.Fun platform in mid-2024 amid much bravado. Tate’s massive online following ensured an intensive promotional campaign, and initially the coin did jump significantly.
爭議網紅Andrew Tate親授自家名字助陣DADDY，該幣2024年中在Pump.Fun平台大張旗鼓發行。Tate的龐大粉絲推動下，宣傳聲勢浩大、上市初期價格顯著上漲。
However, the token dwindled even faster than it rose. On-chain analysts noticed suspicious trading patterns around DADDY’s launch – wallets linked to insiders grabbed perhaps 30% of the supply early, suggesting coordinated manipulation.
但這枚幣下跌速度比上漲還更快。鏈上分析發現DADDY首發時有不少可疑交易：內線錢包預先掃到大約30%流通量，疑似有組織操作。
Whether due to those insiders selling or simply lack of broader interest beyond Tate’s fanbase, DADDY’s price trajectory turned south. By late 2024, the token was deeply in the red, and as of early 2025 it trades around $0.04 – about 85% below its peak.
不管原因是內線砸盤，還是非粉圈投資人興趣有限，DADDY價格開始雪崩。到2024年底已跌入深度虧損，2025年初每枚僅約0.04美元，較高點回落85%左右。
Tate’s attempts to re-pump the coin (amid his own legal troubles) had limited success – in March 2025, a public push on X only temporarily boosted DADDY’s cap from $29M to $34M before it slipped back down. The “Top G’s” crypto foray thus largely flopped. DADDY stands as a cautionary tale that even famous names and ostentatious marketing (Tate spoke of buying and burning tokens to give holders “karmic benefits”) cannot guarantee a lasting crypto asset.
Tate數度嘗試高調“護盤”（當時還捲入一堆法律風波），收效有限——2025年3月他在X（推特）衝刺，市值僅短暫從2,900萬拉到3,400萬美元，隨後又歸零。這位“頂級大哥”的幣圈試煉幾乎全軍覆沒。DADDY反面教材：明星號召＋大張旗鼓宣傳（Tate還說會回購燒毀代幣給持有人“業力加分”）都無法保證幣價長紅。
Without genuine adoption, hype coins like DADDY are destined to fall flat once the promotional blitz fades.
缺乏實際應用，DADDY這類炒作型新幣注定一旦宣傳告一段落就會迅速崩塌。
Gen Z Quanto (QUANT)
_**Surge: Nov 2024; Crash: Nov–Dec 2024. Peak: ~$85M cap (Nov 2024). Current: effectively near $0 (volume and interest have driedRounding out our list is a story equal parts absurd and illustrative: a 13-year-old crypto enthusiast launched $QUANT live on a stream in November 2024 and promptly orchestrated a series of rug pulls – teaching the market an expensive lesson.
最後要分享的，是一個既荒謬又極具啟示性的故事：一名13歲的加密貨幣愛好者於2024年11月在直播中發行了 $QUANT，隨即主導了一連串「拉地毯」事件，讓市場上了慘痛的一課。
Branded “Gen Z Quanto,” the token gained initial traction as viewers watched the teenager deploy the coin. As its value surged on Pump.Fun, the young creator suddenly dumped 51 million QUANT tokens on the market, causing a sharp price decline and netting himself about $30,000 in profit. He infamously ended his stream by flipping the middle finger to his audience.
這枚被稱為「Z世代Quanto」的幣，在觀眾們目睹這位青少年部署上鏈後獲得初步熱度。當幣價在 Pump.Fun 上暴漲時，這位年輕創作者突然將5,100萬枚QUANT拋售到市場上，導致幣價暴跌，自己賺進大約3萬美元。他還在直播結束時公然對著觀眾比中指，留下惡名。
Remarkably, the wider meme coin community then decided to “get revenge” by pumping QUANT after the rug pull – a wave of new buyers sent the coin to a market cap of around $85 million (which would have meant a $4 million gain for the creator had he held on). But any notion of a comeback was short-lived: the teenage scammer launched two more joke tokens (“SORRY” and “LUCY”) and pulled the rug on those as well, while QUANT eventually crashed back to earth as the stunt’s novelty wore off.
值得玩味的是，廣大的迷因幣社群竟然決定「復仇」，在拉地毯事件後還特意炒作QUANT，湧入的新買家甚至一度把市值推高到約8,500萬美元（如果創作者沒拋售本可多賺400萬美元）。但這股氣勢並未持續太久：這位青少年騙子又先後發行「SORRY」和「LUCY」這兩枚笑話幣，再次拉地毯詐騙，而QUANT隨著新鮮感消退也迅速崩盤回歸地面。
The Gen Z Quanto saga perfectly encapsulated the nihilistic turn of the 2024 meme coin craze – where even a kid could play the role of scammer, and traders, aware of the absurdity, still played along briefly in hopes of a greater fool. In the end, it underscores that in this arena, “pure gambling” often trumps reason, and those games usually don’t end well for the majority.
這場 Z世代Quanto 事件可說是2024年迷因幣熱潮虛無主義的一大縮影——連小孩也能當騙子，投機者明知荒謬卻還是為了「有更笨的人接盤」而樂於參與。最終，這說明了在這個圈子裡，「純賭博」往往壓倒理性，而這些遊戲絕大多數人最後都很難善終。
How to Avoid the Trap
如何避免中招
For investors – especially newcomers – the rise and crash of these coins hold valuable lessons. Avoiding the trap of short-term speculative or scam projects requires discipline, skepticism, and due diligence. Here are some practical guidelines drawn from analysts and seasoned traders:
對投資人——尤其是新手——這些幣的暴漲暴跌提供了珍貴教訓。想要避免陷入短線投機或詐騙項目，必須保持紀律、懷疑精神及做好功課。以下是分析師和資深交易者提出的實用建議：
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Do Your Research (DYOR): It’s a crypto adage for a reason. Before putting money into a little-known coin, research what it is and who is behind it. Is there a real development team or company? A white paper or audited code? If the project’s website is just memes and marketing with no substance, be on high alert. Scammers often rely on the fact that euphoric buyers won’t take time to investigate. A few minutes of research can reveal red flags – for instance, anonymous developers with no track record, plagiarized documentation, or unrealistic promises (like guaranteed 100x returns). In 2024’s rug pulls, many victims later admitted they “aped in” purely on hype without understanding what they were buying. Don’t repeat that mistake.
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研究研究再研究（DYOR）：這句「自己做研究」會流行並不是沒道理的。在投入任何冷門幣種前，務必搞清楚這是什麼、背後是誰。有正規開發團隊或公司嗎？有白皮書或通過第三方稽核的程式碼嗎？若項目網站只有迷因梗圖和行銷話術，幾乎沒有實質內容就要全力小心。詐騙者通常利用買家亢奮時不會仔細查證。花幾分鐘研究就可能發現警訊，例如匿名開發者毫無資歷、抄襲的書面資料，或各種不切實際的承諾（如保證百倍收益）。2024年許多拉地毯案後，受害者事後都坦承，他們只是因跟風而「一頭熱」進場，連自己買什麼都不清楚。請不要重蹈覆轍。
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Examine the Token’s Distribution: One telltale sign of a potential pump-and-dump or rug pull is highly concentrated token ownership. If a few wallets control a huge percentage of supply, they hold the power to crash the price at will. Tools like blockchain explorers or analytics (e.g., Bubblemaps) can show the holder distribution. Recall that 80% of TRUMP was held by insiders, and nearly 90% of MELANIA sat in one wallet – very unhealthy signs for any would-be investor. A truly community-driven coin will have a more dispersed holding pattern. Similarly, check if liquidity is locked – if the developers can withdraw the liquidity pool (as in many rug pulls), the risk of a sudden exit scam is high. If you lack the expertise to analyze this, stick to well-known projects or use research from trusted crypto analysts who flag dubious tokenomics.
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檢查持幣分布狀況：另一個辨析幣種是否「割韭菜」的線索就是集中持股。如果只需幾個錢包就掌控極大量供給，這些人大可隨時拖垮幣價。可以利用區塊鏈瀏覽器、分析工具（例如 Bubblemaps）來看持有人分布。像TRUMP幣由內部人持有80%、MELANIA則近九成都在一個錢包，這些對於任何潛在投資人來說都很不健康。真正去中心化、社群驅動的幣，應有更分散的持幣格局。同理，也要查清流動性是否有鎖定——若開發者能隨時領走流動性（正如許多拉地毯案重現），就存在高風險的突發詐騙。如果你欠缺這方面判斷能力，就儘量選大牌項目，或參考有公信力的加密分析師所標示疑點的研究報告。
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Be Wary of Celebrity Endorsements: Celebrity or influencer backing is not investment validation. As we saw, celebrities may jump on the crypto bandwagon for publicity or profit, but that doesn’t guarantee a sustainable project. Always ask: why does this token exist, other than the name attached to it? If the only selling point is that a famous person launched or tweeted about it, that’s not enough. Remember that even official-looking ventures like Trump’s tokens were criticized by experts as cash grabs. Influencers have been known to promote coins they quietly plan to dump (the classic “pump-and-dump”). Treat celebrity coin promotions as entertainment, not investment advice. If you do engage, only allocate money you’re fully prepared to lose.
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謹防名人背書：名人或網紅的推薦，絕不是投資信心保證。如前所述，名人進軍加密市場往往只是為了炒話題或賺快錢，這絕不代表項目具備長遠生命力。請時刻自問——這個代幣除了掛上名人名稱之外，還有什麼存在價值？如果唯一賣點就是某個名人發幣或推特喊單，那根本不足以成為投資理由。就連看似正統的川普相關代幣，專家也早就抨擊是圈錢爛計劃。過去不少KOL私下偷偷預備賣幣，公開瘋狂宣傳（傳統的「拉高出貨」套路）。將名人幣當作娛樂就好，千萬不要當成理財建議。真要參一腳，也只能投入你準備虧掉沒關係的錢。
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Watch Out for Unrealistic Yields or Claims: Scammers often lure investors with astonishing claims – for example, a new DeFi coin promising 1,000% APY yield, or a meme token “sure to be the next Dogecoin.” Be skeptical of any project that sounds too good to be true. In crypto, high reward comes with high risk. Many fraudulent schemes in 2024 preyed on greed by advertising huge potential returns or exclusive “insider” opportunities. Approach such claims with extreme caution. Legitimate projects typically do not guarantee profits or overnight riches; they focus on technology or real use cases, and any projections are tempered with risk warnings. If a pitch is all upside and no risk, it’s a huge red flag.
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警惕過度美好的回報承諾：詐騙常以浮誇利誘釣投資人，比如號稱1,000%年化收益率的新DeFi幣，或者聲稱「一定成為下個狗狗幣」的迷因幣。對於任何聽起來太過夢幻的計畫都該保持懷疑。加密圈裡的高報酬一定伴隨高風險。2024年出現的詐騙，多利用人性貪婪打出巨額潛在報酬、獨家內線機會等話術。這類說詞一定要高度警覺。正派項目通常不會保證獲利或快速致富，只會強調技術或真正的應用場景，若有利潤預測也會主動揭示風險。只說好處、不提風險的銷售話術就是重大的警訊。
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Use Stop-Loss and Take-Profit Strategies: If you do venture into speculative territory, treat it like a short-term trade, not a long-term investment. Set clear exit strategies. One approach is to use stop-loss orders – e.g., if the coin falls 20% from its peak, automatically sell some or all of your position to protect against a free-fall. Similarly, consider taking profits on the way up. Many who rode coins like Pepe or Dogwifhat to large paper gains ended up round-tripping back to losses because they never sold. A common strategy is to recoup your initial investment once the coin doubles (so you’re “playing with house money” thereafter). While these volatile coins can be lottery tickets, realize you haven’t won anything until you actually cash out. Discipline is key.
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善用停損與停利策略：若想進場投機迷因幣，就該把它視為短線操作而非長期投資，須提前規劃好出場策略。可以設立停損單（例如幣價從高點跌20%便自動賣出部分或全部部位），來防止自由落體。同理，也要定期分批獲利了結。許多曾靠Pepe或Dogwifhat持有帳面大賺的投資人，最後因為沒賣反而虧損出場。一般常見做法是當收益翻倍時先回本，之後即便全賠也算是「用贏家的錢繼續搏」。切記，只有真正領現才算贏家。操作迷因幣必須極度自律。
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Diversify and Limit Exposure: Never put money into a speculative coin that you can’t afford to lose entirely. A prudent rule is to keep such high-risk bets as only a small portion of your crypto portfolio – say 5% or less. By diversifying across more established assets (Bitcoin, Ether, etc.) and only allocating a tiny slice to moonshots, you won’t be financially ruined if the gamble fails. Too many novice investors in 2024 went “all in” on a hot tip from Twitter and watched their savings evaporate. Diversification may not be glamorous (and won’t make you a millionaire overnight), but it is a time-tested way to manage risk. Balance out any flyer on a meme coin with more solid holdings.
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分散風險、限制曝險金額：千萬別把你無法承擔損失的資金貪押在迷因幣這種投機資產上。明智的做法是，這類高風險部位只佔你加密投資組合的很小一部分（例如5%或更少）。多配置比特幣、以太幣等主流資產，把手機會的部分控制在最小範圍，即使賭輸也不會被重創。2024年有太多新手只因Twitter跟單就梭哈，最終儲蓄清零。分散雖不夢幻（也很難一夜致富），卻是經得起時間考驗的風險管理之道。如果要玩迷因幣，務必以主流幣壓低整體風險。
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Recognize FOMO and Manage Emotions: Finally, be aware of the psychology at play. Scammers and market hype often manipulate our fear of missing out and greed. If you find yourself rushing to buy a coin because “everyone is talking about it” and it’s up 1000% this week, take a breath. Ask yourself if you’re reacting emotionally. Often, by the time you hear about a trend on mainstream news or TikTok, the smartest money has already gotten in low and may be preparing to exit (selling to latecomers like you). It’s better to miss an opportunity than to fall into a trap. As the saying goes, “coins are like buses – another one will come along shortly.” Keeping a cool head and not letting hype cycles dictate your decisions will save you a lot of pain. If you do decide to chase a momentum trade, do so consciously and have an escape plan.
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辨識「錯失恐懼（FOMO）」並管理情緒：最後要認清心理效應。詐騙者和市場炒作往往利用我們的貪念及惶恐。若你只是因「大家都在聊」且某幣本週已漲1000%，便慌忙買進，不妨深呼吸，自問是否在感性操作。常見現象是：當你在主流新聞或抖音看到熱潮時，最早進場的聰明錢早已準備高位出貨了（賣給像你這種「尾巴」）。錯過機會總比跌入陷阱好。老話一句：幣就像公車，錯過一班，下一班馬上來。冷靜判斷、不讓情緒和炒作風潮主導決策，必能減少許多傷害。即使真的追高，也要有意識並規劃好退場門路。
In essence, avoiding scams and speculative flops comes down to vigilance and restraint. The crypto landscape is still reminiscent of the Wild West, with little regulation to protect against fraud or market manipulation. That puts the onus on individual investors to protect themselves. By applying the above practices, one can greatly reduce the chances of being caught on the wrong side of a pump-and-dump or rug pull. It may mean foregoing the adrenaline rush of 100x gains in a week – but it also means you’re far less likely to join the ranks of those posting despairingly on forums about how they “lost everything” on the latest meme coin crash.
總結來說，想避免被騙或落入投機陷阱，唯有加倍警覺與自律。如今加密市場猶如無政府狀態的「大西部」，根本沒什麼法規可保障投資人不被詐騙或操縱。這也意味著各自必須為自己的錢包負責。只要實踐前述方法，被割韭菜或中招機率將大大降低。你或許錯過某週暴賺100倍的刺激，但也更不會成為各大論壇上哀鳴「賠到脫褲」的那一群人。
Final thoughts
最後感想
The brief life of these hyped-and-forgotten crypto coins offers a stark reflection of the broader cryptocurrency ecosystem’s growing pains. On one hand, the “one-day wonder” coins of 2024–2025 exemplify the democratization of finance – anyone with an idea (or even just a meme) can create a token, and a global audience of investors big and small can decide on its value in real-time.
這些曇花一現、迅速被遺忘的加密幣，正是整體加密生態成長痛的寫照。一方面，2024–2025這批「一日奇蹟」幣種，象徵著金融民主化——任何有想法（甚至只是一個幽默梗）的人都能發幣，世界各地的大戶與散戶都能即時用錢投票決定價值。
This open-access innovation has produced moments of remarkable community creativity and wealth generation. However, as we have seen, it has equally given rise to unprecedented volatility, fraud, and wealth destruction. For every trader who struck it rich on a Pepé or a Pi Network at the right time, there are hundreds who bought the top and paid the price. From a market standpoint, the rapid boom-bust of speculative coins arguably serves a cleansing function. It reminds the crypto industry – and regulators eyeing it – that unchecked speculation can undermine credibility.
這樣的開放性創新，的確帶來了社群集體創意與財富創造的高光時刻。但同時，也導致史無前例的波動、詐騙與財富蒸發。每一位在Pepe或Pi Network等幣剛好起飛時暴富的人，背後都有幾百位高點接盤後遭到重創的炒家。從市場角度來說，這些短暫盛極而衰的投機幣，或許有「自我淨化」的作用，也提醒加密產業與關注監管的人士，若沒有效抑制投機熱潮，整體的信譽就很難長久。
The string of rug pulls and scams has already spurred calls for tighter regulation to protect retail investors from obvious fraud. Even within the crypto community, there is introspection. The memecoin crash has led to predictions of a “consolidation” where only the major, established meme tokens like Dogecoin will survive while the rest “fade out of relevance”.
連環割韭菜詐騙已引發社會要求加強監管、保護散戶不要再被明顯型詐騙薅毛。連加密圈自己的社群也開始反思。這波迷因幣大崩促使不少人預測市場將出現「整併期」：只有像狗狗幣這種經典主流幣能站穩腳跟，其餘小幣終將「被時代淘汰」。
In that sense, the market may be self-correcting; as capital flees the frivolous projects, more serious crypto ventures could benefit from a shift of focus toward fundamentals. For long-term adoption of cryptocurrency, the takeaway is nuanced. Such volatility and the notion that people can lose life savings overnight on a joke coin undoubtedly hurt crypto’s reputation in the eyes of the general public and policymakers. Each high-profile flop (especially one tied to a public figure) invites “I told you so” criticism that crypto is just a casino. Trust, once lost, is hard to regain.
從某種意義上看，市場正在自我修正。資金撤離不切實際的專案，將有利於更多著眼基礎建設的嚴肅加密創業項目。要讓加密貨幣長期普及，大眾的觀感必須細細呵護。頻繁的暴漲暴跌，以及僅憑一個玩笑幣就可能讓人家產盡失的事實，對普羅大眾與政策制定者的形象傷害極大。每一次高調崩盤（尤其是與公眾人物有關的案子），都難免招致主流冷嘲熱諷「早跟你說加密幣就是賭場！」信任若失，絕難挽回。
On the other hand, these episodes are driving improvements in investor education and diligence. The harsh lessons of 2024’s meme collapses might make the average crypto participant savvier and more risk-aware going
反過來說，這些事件也正在推動投資人的學習與自律成長。2024年迷因幣崩盤帶來的血淋淋教訓，也許能讓未來的普羅幣圈參與者變得更精明、更懂得風險控管。forward. In time, this maturation could lead to a healthier market where genuinely innovative projects shine and predatory schemes find fewer takers. In the final analysis, the story of the one-day buzz coins is a reminder of the dual nature of innovation: the same freedom that enables revolutionary technology also enables rampant speculation. Separating the two is the challenge ahead.
隨著時間推移，這種成熟有望帶來一個更健康的市場，真正具創新性的專案能夠脫穎而出，而掠奪性的騙局則較少有人受騙。最終來看，「一天熱度幣」的故事提醒我們創新的雙重性：推動革命性科技的自由，也同樣讓過度投機盛行。如何將兩者區分，便是未來的挑戰。
As the frenzy of this era fades, what remains is a clearer understanding that sustainable value in crypto, as in any market, must ultimately be built on real utility, transparency, and trust – not just tweets and promises. Investors would do well to remember that lesson. The next time a coin is “shooting for the moon” on social media hype, a prudent investor might ask: will it still be around when the countdown returns to zero?
當這個時代的狂熱逐漸消退後，所留下的是一個更明確的共識：加密貨幣的永續價值，如同任何市場一樣，終究必須建立在實際用途、透明度和信任之上——而非僅僅是推文和承諾。投資人應該牢記這個教訓。下次當有一種幣在社群媒體上炒作「衝上月球」時，謹慎的投資人或許該問問自己：當倒數歸零時，這個幣還會存在嗎？