唐納德·特朗普（Donald Trump）的紀念物，特朗普$ $，剛剛完成了已期待已久的令牌解鎖

作為解鎖的一部分，今天發布了4000萬個令牌，佔循環總供應總額的20％。解鎖的目前價格約為3.11億美元

The official token unlock for Donald Trump’s memecoin $TRUMP has now been completed, and the crypto and memecoin communities are in a frenzy of speculation and excitement.

唐納德·特朗普（Donald Trump）的Memecoin $ Trump的官方代幣現已完成，加密貨幣和Memecoin社區正處於猜測和興奮的狂熱。

As part of the unlock, 40 million tokens were released today—representing 20% of the total circulating supply. The unlock’s current price is roughly $311 million, which is part of the reason why market observers are wondering about the price and liquidity of the token over the next few days.

作為解鎖的一部分，今天發布了4000萬個令牌，佔循環總供應總額的20％。該解鎖的目前價格約為3.11億美元，這是市場觀察家想知道接下來幾天代幣的價格和流動性的部分原因。

Though the direct response has so far been even-keeled, the situation with $TRUMP continues to change. Today’s unlock is just one part of a complex larger strategy involving not just $TRUMP but also the whole ecosystem being built around it. Despite this being the largest single release so far—something like 600,000 tokens—the price of $TRUMP is down only 5% at midday.

儘管到目前為止的直接響應都受到了影響，但特朗普$ $的情況仍在改變。當今的解鎖只是複雜的更大策略的一部分，不僅涉及特朗普，而且還涉及整個生態系統。儘管這是迄今為止最大的單個發行版（大約60萬個令牌），但特朗普的價格在中午只下跌了5％。

The token unlock that occurred recently has shed light on the $TRUMP token’s daily operations. Along with 493,150 tokens that were available for use today, we have learned that there are daily releases of $TRUMP tokens — a number that is currently valued at around $3.79 million if you take the current market price. We are led to understand that the price of $TRUMP could be negatively affected in the near term by this ongoing supply pressure, as the S&P 493,000 Club keeps getting more members (i.e., as S&P 493,000 Club members keep getting $3.79 million worth of $TRUMP tokens daily). But the market is handling this relatively well without any signs of instability.

最近發生的代幣解鎖已闡明了特朗普代幣的日常操作。除了當今可用的493,150個令牌外，我們還了解到每天都有$ trump代幣的發行版，如果您以當前的市場價格，目前價值約為379萬美元。我們得知，隨著標準普爾493,000個俱樂部的持續供應壓力，特朗普的價格可能會在短期內受到負面影響，因為標準普爾493,000個俱樂部不斷獲得更多成員（即，因為標準普爾493,000個俱樂部成員每天都會獲得37.9萬美元的特朗普代幣的價值37.9萬美元）。但是市場正在處理這一相對較好的情況，沒有任何不穩定的跡象。

Now stands at just under 200 million tokens (199,999,976.64 to be exact), the total circulating supply of $TRUMP means that the token faces continuous selling pressure unless demand increases significantly. Coupled with daily unlocks, this sizable supply necessitates that price appreciation be characterized by increases in demand rather than decreases in supply.

現在，準確的代幣不到2億個代幣（確切地說是199,999,976.64），特朗普的總循環供應量意味著令牌面對不斷銷售壓力，除非需求大幅增加。再加上每日解鎖，這種相當大的供應必須使價格讚賞的特徵是需求增加而不是供應減少。

Interestingly, even though a considerable number of tokens were unlocked today, the price fell by only about 5%. This suggests that demand for $TRUMP is likely still strong enough to soak up all those new tokens.

有趣的是，儘管今天已解鎖了大量令牌，但價格僅下降了約5％。這表明對特朗普的需求可能仍然足夠強大，可以吸收所有這些新令牌。

Now, normally, when a large quantity of tokens is released, it’s a sell signal for memecoins, like, say, $TRUMP. Yet despite market conditions that would typically send a memecoin’s price tumbling, the price of $TRUMP remains surprisingly stable.

現在，通常，當發布大量令牌時，它是Memecoins的賣出信號，例如Trump $。然而，儘管市場條件通常會導致成員的價格上漲，但特朗普的價格仍然令人驚訝。

The $TRUMP token is not only associated with the political figure of Donald Trump, but it is also tied to interesting real-world incentives. An event is being planned—at least, that’s the word circulating—for $TRUMP token holders. A recent price surge has been attributed to this expected announcement. Prices were up nearly 12% today, as excitement around the project has evidently been ramped up. The team behind the project seems to be in the process of making a dedicated webpage for the event, though it remains unclear what kind of event (if any) is actually in the pipeline.

$特朗普的代幣不僅與唐納德·特朗普的政治人物有關，而且還與有趣的現實世界激勵措施有關。 $特朗普令牌持有人的活動正在計劃（至少這就是流傳的一詞）。最近的價格飆升歸因於這一預期公告。今天的價格上漲了近12％，因為該項目的興奮顯然已上漲。該項目背後的團隊似乎正在為該活動創建專用網頁，儘管目前尚不清楚實際上是哪種事件（如果有）。

A dinner might be an effective marketing strategy for the Trump token, aimed at building a loyal community of holders. It could also at least temporarily rev up interest in the token. By associating a real-world event with the digital currency, Trump and team are making a personal appeal that might resonate with potential investors. Memecoins often live or die by the strength of the communities around them and the viral nature of events associated with them. A dinner for holders of the Trump token, then, could be a way to pump up the price of that token.

晚餐可能是特朗普代幣的有效營銷策略，旨在建立一個忠實的持有人社區。它也至少可以暫時提高令牌上的利益。通過將現實世界中的活動與數字貨幣相關聯，特朗普和團隊正在提出可能引起潛在投資者共鳴的個人吸引力。紀念物通常會因周圍社區的力量以及與之相關的事件的病毒性質而生存或死亡。那麼，為特朗普貴族持有人提供晚餐可能是一種提高該代幣價格的方式。

At present, the token’s market cap is elevated and resting at $1.69 billion. This mix of online and offline engagement is about as unique as it gets and could help keep $TRUMP in the public’s eye. The token unlock was a test of sorts for the market and for $TRUMP, and every indication was that the test had been passed.

目前，令牌的市值升高，休息為16.9億美元。這種在線和離線互動的混合差不多是獨一無二的，可以幫助$ trump在公眾眼中。令牌解鎖是對市場和特朗普$ $的測試，每個跡像都表明該測試已經通過。

The future of $TRUMP depends on its ability to hold the line between two forces: ever-present supply pressure from daily unlocks and demand that’s generated by the community and real-world incentives. Sure, a dinner for token holders is something that could create some buzz and stir some interest in the project. But I think the long-term survival of $TRUMP is far more contingent on the absorption capacity of the wider market for the daily influx of new tokens.

特朗普的未來取決於其在兩種力量之間保持界限的能力：每天解鎖的供應壓力和社區和現實世界激勵措施產生的需求。當然，為令牌持有人提供晚餐，可以引起一些嗡嗡聲並引起對該項目的興趣。但是我認為，特朗普$的長期生存更加取決於每日湧入新令牌的更廣泛市場的吸收能力。

One factor to watch is how the market reacts as the daily unlocks continue. If the demand for $TRUMP continues to rise, the token might be able to hold its value or even appreciate over time despite the steady stream of new tokens. However, if demand fails to keep pace with the daily releases, the token could experience downward pressure in the coming months.

值得關注的一個因素是，隨著每日解鎖的持續，市場的反應如何。如果對特朗普的需求不斷增加，儘管新令牌穩定，代幣也許能夠保持其價值，甚至可以隨著時間的流逝而欣賞。但是，如果需求無法與日常發行保持同步，則令牌可能會在未來幾個月內承受下降壓力。

Currently,

現在，