唐納德·特朗普推出 Meme 幣 $TRUMP，立即增加了他的淨資產

Donald Trump launched a multibillion-dollar meme coin just days before taking office and instantly saw his net worth balloon. But then, as the initial excitement passed, the value plunged and occasionally spiked again through the first roller-coaster hours of Trump’s second presidency.

唐納德·川普在就職前幾天推出了一枚價值數十億美元的模因硬幣，他的淨資產立即膨脹。但隨後，隨著最初的興奮過去，在川普第二任總統的頭幾個小時裡，價值暴跌，有時又飆升。

Despite the optimism of some crypto enthusiasts that the $TRUMP coin’s debut Friday heralded a new era of automatic crypto riches, the value of the coin had plummeted to around half of its weekend high of $72.62 by the time Trump was sworn in Monday.

儘管一些加密貨幣愛好者樂觀地認為川普幣週五的首次亮相預示著加密貨幣自動致富的新時代的到來，但到川普週一宣誓就職時，該幣的價值已暴跌至週末高點72.62 美元的一半左右。

Meme coins have no intrinsic value or particular usefulness as a currency but serve more as a cultural signifier. They usually are based on an internet joke, such as the internet’s fascination with the doge dog (Dogecoin), or make use of a celebrity’s image. While real money can be made riding the speculative highs and lows of meme coin trading, it’s also one of the sectors of the crypto world most prone to bubbles and subsequent collapses.

迷因幣沒有內在價值，也沒有作為貨幣的特殊用途，但更多的是作為一種文化標誌。它們通常基於網路笑話，例如網路對狗狗（Dogecoin）的迷戀，或利用名人的形象。雖然可以透過迷因硬幣交易的投機性高點和低點賺到真正的錢，但它也是加密貨幣世界中最容易出現泡沫和隨後崩潰的領域之一。

If the new $TRUMP coin is more of a way for crypto enthusiasts to signal their support for Trump—which might be the most coherent explanation for a type of crypto product that doesn’t have any point to it at all—the timing of this new Trump product was propitious. After announcing the coin’s creation Friday night at a party for the crypto industry to celebrate Trump’s inauguration, the price spiked to as high as $72.62. A total of 1 billion coins were created in an instant, so Trump’s ownership of an estimated 800 million of the new $TRUMP coins meant that his wealth almost instantly blew up from a bit less than $7 billion to possibly as much as $65 billion on the eve of his presidency.

如果新的川普幣更多的是加密愛好者表達他們對川普支持的一種方式——這可能是對一種根本沒有任何意義的加密產品最連貫的解釋——那麼這個時機特朗普的新產品是有利的。週五晚上，在慶祝川普就職的加密貨幣行業派對上宣布了該貨幣的誕生後，價格飆升至 72.62 美元。總共10 億枚代幣在一瞬間被創造出來，因此川普擁有估計8 億枚新的$TRUMP 代幣，這意味著他的財富幾乎立即從不到70 億美元激增到可能高達650 億美元。

But then the price started falling, and in the minutes shortly before Trump’s official inauguration, the price had fallen to just under $50. Following his inauguration at noon, the price plunged below $40, before rebounding slightly.

但隨後價格開始下跌，在川普正式就職前不久，價格已跌至略低於 50 美元。在他中午就職後，價格跌破 40 美元，然後小幅反彈。

In theory, that’s still worth about $33 billion for Trump, but the volatility is a good indicator of how reliable of a source of wealth the coin really can be. With this product, no matter what the price, Trump’s holdings will have some value because there was no expense for him in creating it—and that value will be based on nothing but consumers’ interest in buying something (digital) with his name on it.

從理論上講，這對川普來說仍然價值約 330 億美元，但波動性很好地表明了該代幣作為財富來源的真正可靠性。有了這個產品，無論價格是多少，川普持有的產品都會有一定的價值，因為他在創造它時不需要任何費用——而且這種價值將基於消費者對購買帶有他名字的東西（數字）的興趣。

On Monday, the Trumps announced that first lady Melania Trump had also created her own meme coin, $MELANIA, which hit a high of $13.05 but by early afternoon on Inauguration Day had fallen to $5.27.

週一，川普夫婦宣布，第一夫人梅蘭妮亞川普也創造了自己的迷因幣$MELANIA，該幣曾觸及13.05 美元的高點，但到就職日下午早些時候已跌至5.27 美元。

Not everyone was thrilled with the creation of the memes—ethics expert Norm Eisen told the Washington Post that the coin was “the single worst conflict of interest in the modern history of the presidency.” Even some in the crypto community bristled at the idea, calling it a “horrible look” and “predatory,” noting that meme coins are generally speculative and essentially worthless.

並不是每個人都對迷因的創建感到興奮——道德專家諾姆·艾森告訴《華盛頓郵報》，這枚硬幣是「現代總統歷史上最嚴重的利益衝突」。甚至加密社區的一些人也對這個想法感到憤怒，稱其為“可怕的外觀”和“掠奪性”，並指出模因幣通常是投機性的，本質上毫無價值。

Trump has promised to remake the US economy in the image of crypto, and his children have started a decentralized finance company—a platform for making financial transactions using crypto instead of a traditional banking institution—that Trump benefits from. However, as the websites for both $TRUMP and $MELANIA coins make clear, these are not serious investment vehicles.

川普承諾以加密貨幣的形式重塑美國經濟，他的孩子們創辦了一家去中心化金融公司——一個使用加密貨幣而不是傳統銀行機構進行金融交易的平台——川普從中受益。然而，正如 $TRUMP 和 $MELANIA 硬幣的網站所表明的那樣，這些都不是嚴肅的投資工具。

“Trump Memes are intended to function as an expression of support for, and engagement with, the ideals and beliefs embodied by the symbol ‘$TRUMP,’” a disclaimer on the $TRUMP coin website reads, “and are not intended to be, or to be the subject of, an investment opportunity, investment contract, or security of any type.”

「川普迷因旨在表達對『$TRUMP』符號所體現的理想和信仰的支持和參與，」$TRUMP 硬幣網站上的免責聲明寫道，「並且無意於，或成為投資機會、投資合同或任何類型的證券的標的。

The Melania Memes website puts it even more bluntly: “Melania Memes are intended for collecting and entertainment purposes only. They are not financial instruments or investments. Always do your own research and never invest more than you can afford to lose.”

Melania Memes 網站更直白地說：「Melania Memes 僅用於收藏和娛樂目的。它們不是金融工具或投資。一定要自己進行研究，投資永遠不要超過你能承受的損失。