唐納德·特朗普（Donald Trump）的加密貨幣的價值$特朗普（Trump）從懸崖上掉下來 - 薩曼莎·斯帕塔福拉

唐納德·特朗普（Donald Trump）的加密貨幣的價值是一種被稱為$特朗普的模因硬幣，已經從懸崖上掉下來 - 投資者損失了約120億美元。

The value of Donald Trump’s cryptocurrency, a meme coin aptly called $TRUMP, has fallen off a cliff – and its investors have lost around $12 billion.

唐納德·特朗普（Donald Trump）的加密貨幣的價值是一種被稱為$特朗普的模因硬幣，已經從懸崖上掉下來 - 投資者損失了約120億美元。

This is in line with a wider crypto rout, which has seen Bitcoin dive by 20 percent since Trump’s inauguration last month. Ethereum, the second-largest cryptocurrency, fell to a 16-month low on Tuesday.

這與更廣泛的加密貨幣潰敗一致，自從特朗普上個月就職以來，比特幣潛水了20％。以太坊是第二大加密貨幣，在周二下降到16個月的低點。

Trump launched his meme coin on January 17, and by the time he had been sworn into the Oval Office for a second time three days later, its market capitalization had skyrocketed to around $15 billion.

特朗普於1月17日推出了他的模因硬幣，到三天后第二次宣誓就職時，他的市值飆升至150億美元。

However, as ARTnews previously warned when it reported that the president had labelled $TRUMP as an “artwork” in small print on its website, meme coins often disappear as quickly as they rise in value, leaving hoodwinked investors holding the baby. At the time of writing, $TRUMP’s market cap is just $2.48 billion.

但是，正如Artnews先前警告說，總統在其網站上將$ Trump標記為“藝術品”時標記為“藝術品”，Meme Coins通常會隨著價值的上升而迅速消失，而蒙蔽了嬰兒的投資者。在撰寫本文時，特朗普的市值僅為24.8億美元。

Investors who had pumped money into the meme coin leading up to the inauguration were driven by speculation that the White House would take a pro-crypto approach and would create a Bitcoin strategic reserve. But analysts said the president’s perceived inaction on his pro-crypto campaign promises is driving prices down.

猜測白宮將採用親克賴特託的方法並創建比特幣戰略儲備的猜測，那些將錢投入到就職典禮之前的模因硬幣中的投資者。但是分析人士說，總統對他的親克萊普托競選承諾的無所作為正在推動價格下降。

“We think that a lot of money went into crypto on the hope that Donald Trump would institutionalize crypto when he got to office,” Kathleen Brooks, an analyst at finance firm XTB, told GB News on Friday. “However, comments about crypto since Mr Trump took over the presidency have been conspicuous by their absence. This could be why investors are flooding to the exits.”

“我們認為，唐納德·特朗普（Donald Trump）上任時能使加密貨幣（Crypto）制度化的貨幣貨物賺了很多錢，”財務公司XTB分析師凱瑟琳·布魯克斯（Kathleen Brooks）週五在周五對GB News表示。 “但是，自特朗普接任總統職位以來，對加密貨幣的評論顯然是顯而易見的。這可能就是為什麼投資者湧向出口的原因。”

Trump tried to inject some nitro into the crypto markets on Sunday by announcing that his plans for a US strategic reserve were in motion. Prices rallied immediately after but have since slumped as investor optimism over the reserve faded.

特朗普週日試圖向加密貨幣市場注入一些硝基，宣布他的美國戰略儲備計劃正在進行中。此後，價格立即集會，但自那以後，投資者對儲備的樂觀情緒低落。

Analysts have also pointed the finger at escalating trade tensions as a reason for crypto’s fall, with Trump confirming on Tuesday that tariffs on Mexico, Canada, and China would come into force imminently.

分析師還指出，手指將貿易緊張局勢升級為加密貨幣降落的原因，特朗普週二確認對墨西哥，加拿大和中國的關稅將立即生效。

“Donald Trump’s aggressive trade approach has sparked concerns with investors hurtling away from riskier assets, and the huge hack of the Bybit exchange in Dubai has also rattled sentiment,” Susannah Streeter, the head of money and markets at Hargreaves Lansdown, told the Guardian. “Without any firm moves from Trump to show his support for the crypto sector, nervousness looks set to continue.”

“唐納德·特朗普（Donald Trump）的積極貿易方法引發了人們對遠離風險資產的投資者的關注，迪拜的拜比特交易所（Bybit Exchange）的巨大駭客也震撼了情緒，”哈格里夫斯·蘭斯（Hargreace Lansdown）的貨幣和市場負責人蘇珊娜·斯特雷特（Susannah Streeter）告訴《衛報》。 “沒有任何堅定的人從特朗普轉移到對加密貨幣部門的支持，緊張情緒似乎將繼續下去。”

Cyber attackers stole $1.5 billion of digital assets from the Bybit exchange in February, further damaging investor confidence in crypto. The FBI has blamed North Korea.

網絡攻擊者於2月從Bybit Exchange偷走了15億美元的數字資產，進一步損害了投資者對加密貨幣的信心。聯邦調查局指責朝鮮。

Cryptocurrency or artwork?

加密貨幣還是藝術品？

On $TRUMP’s website in small print it reads, “TrumpMemes are intended to function as an expression of support for, and engagement with, the ideals and beliefs embodied by the symbol '$TRUMP' and the associated artwork, and are not intended to be, or to be the subject of, an investment opportunity, investment contract, or investment of any type.”

在$ Trump的小印刷網站上，它寫道：“特朗普旨在表達對符號“ $ trump”和相關的藝術品所體現的對理想和信念的支持和互動，並且不打算成為任何類型的投資機會，投資機會或投資的主題。”

Georg Bak, a digital art advisor and co-founder of The Digital Art Mile art fair, previously told ARTnews that attributing the coin as an artwork probably has less to do with Trump’s secret desire to be an artist than the legal protections such a declaration can afford.

數字藝術顧問兼數字藝術英里藝術博覽會的聯合創始人喬治·巴克（Georg Bak）此前曾告訴Artnews，將硬幣作為藝術品的歸因可能與特朗普秘密成為藝術家的秘密願望有關，而不是這樣的法律保護。

“Labeling [$TRUMP] as art can provide certain protections, avoid legal challenges, or redefine its purpose in ways that align with legal or regulatory frameworks,” Bak said.

巴克說：“將[$ trump]標記為藝術可以提供某些保護，避免法律挑戰，或以與法律或監管框架保持一致的方式重新定義其目的。”

“One of the biggest legal challenges for cryptocurrencies and meme coins is being classified as a security under financial regulations like the Howey Test [a standard set by the US Supreme Court in 1946]. If a coin is deemed a security, it must comply with strict regulations that require registration, disclosures, and compliance measures. By declaring a meme coin as art or as a cultural product, its creators can argue that it is not an investment vehicle but a collectible or a creative expression.”

“根據Howey Test等財務法規（美國最高法院在1946年設定的標準），對加密貨幣和模因硬幣的最大法律挑戰之一是被歸類為安全性的。如果將硬幣視為安全性，則必須遵守需要註冊，披露和合規措施的嚴格規定。通過將模因硬幣宣佈為藝術或文化產品，其創作者可以說它不是投資工具，而是一種可收藏或創造性的表達。”