唐納德·特朗普（Donald Trump）的$特朗普模因硬幣已經爆炸，消耗了數百萬美元的投資

幾乎沒有人期望經歷了六次破產的人唐納德·特朗普（Donald Trump）對金錢有好處，但這仍然沒有阻止他的支持者犯自己一生中最大的財務錯誤。

Donald Trump may be used to seeing businesses go bankrupt, but he might not have been prepared for the rapid collapse of his own meme coin.

唐納德·特朗普（Donald Trump）可能習慣於看到企業破產，但他可能沒有為自己的模因硬幣的迅速崩潰做好準備。

Just three days ahead of his second inauguration, a meme coin specifically themed around Trump — $TRUMP — launched to mass interest from a very specific subset of the American populace. It was soon followed by a Melania-themed coin (also sporting an extremely creative name) and within hours, both were valued in the billions.

在他的第二次就職典禮前僅三天，圍繞特朗普（$ trump）的一枚模因硬幣（特朗普）從美國民眾的一個非常具體的子集中發起了巨大的興趣。隨後是梅拉尼亞（Melania）主題的硬幣（也具有極具創造性的名稱），並且在幾個小時內，兩者都被價值數十億美元。

The launch of both meme coins took the cryptocurrency community by surprise, even as $TRUMP in particular faced waves of warranted pushback. The coin, and most vitally Trump’s connection to it, courted widespread condemnation from ethics experts, who criticized the clear conflict of interest it posed. Those criticisms fell on predictably deaf ears, unfortunately, which left $TRUMP to skyrocket in value.

兩種模因硬幣的發射都使加密貨幣社區感到驚訝，即使特朗普特別面臨著有保證的推回浪潮。硬幣，也是特朗普與它的最重要的聯繫，對道德專家的廣泛譴責，批評了明顯的利益衝突。不幸的是，這些批評陷入了可預測的聾耳中，這使特朗普的價值飛漲。

For a few weeks, at least. Now that it’s been more than a month since the meme coin launched, it’s starting to lose value — and quickly. For tens of thousands of American citizens who invested in the Trump coin, reality is crashing down. For everyone else, this outcome is expected.

至少幾個星期。既然自模因硬幣推出以來已經有一個多月了，它已經開始失去價值。對於投資於特朗普硬幣的成千上萬的美國公民，現實正在崩潰。對於其他所有人來說，這是期望的。

In the immediate aftermath of $TRUMP’s launch on Jan. 17, 2025, the coin’s value shot up. An estimated 500 people — maybe even more — reportedly became millionaires overnight, but their new status was destined to be short-lived. The value of $TRUMP took an almost immediate hit when $MELANIA launched just two days later, on Jan. 19. It then continued to lose value as Trump fumbled through the first weeks of his second term, until it bottomed out just over a month after its launch.

在2025年1月17日特朗普推出$的情況下，硬幣的價值提高了。據報導，估計有500人（也許更多）在一夜之間成為百萬富翁，但他們的新身份注定是短暫的。 $梅拉尼亞（Melania）在兩天后（1月19日）推出時，特朗普的價值幾乎立即受到了打擊。隨著特朗普在第二任期的頭幾週摸索，它繼續失去價值，直到它在推出後一個月以上，直到觸底了。

The same happened to $MELANIA, the value of which has plummeted over the last few weeks. Estimates indicate that someone who invested $10,000 in $MELANIA at launch are looking at a value less than $700 now, and those are the lucky ones.

$ Melania也發生了同樣的事情，其價值在過去幾週內暴跌。估計表明，在發佈時投資10,000美元的梅拉尼亞的人現在的價值不到700美元，而這些價值是幸運的。

The people who invested in $TRUMP may be poised to lose even more, as the value of the coin continues to plummet. Present estimates suggest that the coin has already lost around 80% of its value since launch, but that number continues to rise each day. The coin’s biggest plummet happened in late February, when it dropped from its original $15 billion value to a measly $2.7 billion. It’s lost a whopping $12 billion in the time since its launch, costing investors massively.

隨著硬幣的價值繼續下降，投資於$特朗普的人可能會損失更多。目前的估計表明，自推出以來，硬幣已經損失了其價值的80％左右，但是這個數字每天繼續上升。硬幣最大的下降發生在2月下旬，當時它的價值從最初的150億美元下降到了27億美元。自推出以來，它損失了120億美元，這使投資者巨大的損失。

Trump, after years of criticizing Bitcoin (BTC) and cryptocurrency, had an about-face midway through his third presidential run. He suddenly became the crypto candidate, earning him some serious returns. While his own investments into the $TRUMP coin are also assumed to have lost a vast sum of money, it’s still assumed that the president will capitalize on the launch of the coin.

經過多年批評比特幣（BTC）和加密貨幣的多年，特朗普在他的第三次總統競選中大約是臉部。他突然成為加密貨幣候選人，贏得了一些認真的回報。儘管他自己對特朗普硬幣的投資也被認為損失了一筆巨款，但仍然假設總統將利用這枚硬幣的推出。

The rapid devaluation of the $TRUMP coin induced some analysts — and an abundance of private investors — to label the scheme as a “pump and dump,” or, more fittingly, a “pump and Trump.” That references a type of market manipulation scheme in which the price of something — like a stock or, in this case, a meme coin — is massively inflated to promote sales. Afterwards, the product is metaphorically “dumped,” and see its value plummet.

$特朗普硬幣的迅速貶值引起了一些分析師和大量的私人投資者，將該計劃標記為“泵和垃圾場”，或更恰當地是“泵和特朗普”。這引用了一種市場操縱計劃，其中某種東西（例如股票或在這種情況下是模因硬幣）的價格大大膨脹以促進銷售。之後，該產品被隱喻地“傾倒”，並看到其價值下降。

Which lands a good 800,000 people in a terrible situation, even as the same folks who created this nightmare capitalize on their bad decisions. A New York Times analysis found that 813,294 wallets lost a full $2 billion thanks to $TRUMP, even as the man behind the curtain raked in millions.

在一個可怕的情況下，這使一個有80萬人的人降落了，即使創建這場噩夢的人也利用了他們的錯誤決定。紐約時報的一項分析發現，由於特朗普的$ $，即使幕後的人在數百萬美元的窗簾後面，有813,294個錢包損失了20億美元。