特朗普硬幣發行的影響

In the realm of cryptocurrency, a captivating narrative has unfolded recently, intertwining the worlds of politics, technology, and finance. At the heart of this story lies former US President Donald Trump, who has ventured into the crypto domain with his own coin, aptly named TRUMP. This move has sparked a chain reaction, influencing the broader cryptocurrency market and highlighting the interplay between different digital assets.

在加密貨幣的領域中，最近一個迷人的敘述展開了，交織在一起的政治，技術和金融世界。這個故事的核心是美國前總統唐納德·特朗普（Donald Trump），他用自己的硬幣（恰當地命名為特朗普）冒險進入加密貨幣領域。這一舉動引發了連鎖反應，影響了更廣泛的加密貨幣市場，並突出了不同數字資產之間的相互作用。

Trump's Currency Foray: Unveiling TRUMP on Solana

特朗普的貨幣彈道：揭開特朗普的索拉納

On the morning of January 8, Trump took to Twitter and his social media platform Truth Social to announce the launch of a meme coin named TRUMP on the Solana blockchain. This move quickly garnered attention, with TRUMP's market value skyrocketing to $16 billion within just four hours. This surge propelled TRUMP to become the second-largest meme coin, trailing only Dogecoin.

1月8日上午，特朗普上了Twitter和他的社交媒體平台真相社交，宣佈在Solana區塊鏈上推出了一個名為Trump的模因硬幣。這一舉動很快引起了人們的關注，特朗普的市場價值在短短四個小時內飆升至160億美元。這次激增推動了特朗普成為第二大模因硬幣，僅落後於狗狗。

The following day, TRUMP's price continued to soar, reaching a market value of $80 billion. This not only surpassed Dogecoin to claim the title of the largest meme coin but also brought TRUMP within striking distance of Solana's (SOL) market value, which stood at $125 billion at the time. Notably, Dogecoin had taken 11 years to achieve a similar level of growth.

第二天，特朗普的價格繼續飆升，市場價值達到800億美元。這不僅超過了Dogecoin聲稱最大的模因硬幣的頭銜，而且還將特朗普帶到了Solana（Sol）（Sol）市值的驚人距離之內，當時的市場價值為1250億美元。值得注意的是，Dogecoin花了11年的時間才能達到類似的增長水平。

Solana's native token, SOL, also experienced a surge in response to this positive news. As reported by the New York Post on January 16, Trump was reportedly "open" to the idea of using digital currencies issued in the United States, such as SOL, USDC, and XRP, as strategic reserves. This announcement raised the prospect of spot ETFs for SOL and XRP (Ripple) later this year.

索拉納（Solana）的本地令牌索爾（Sol）也經歷了這一積極新聞的激增。據《紐約郵報》 1月16日報導，據報導，特朗普對使用在美國發行的數字貨幣（例如SOL，USDC和XRP）作為戰略儲備的想法“開放”。這一公告提高了今年晚些時候SOL和XRP（Ripple）的現場ETF的前景。

Over the past week, SOL's price has surged by more than 40%, and within the community, there have been increasing calls for SOL to "flip" Ethereum.

在過去的一周中，Sol的價格飆升了40％以上，在社區中，越來越多的呼籲SOL“翻轉”以太坊。

Ethereum's Plight: Internal Discord and External Competition

以太坊的困境：內部不和諧和外部競爭

In contrast to Ethereum's stellar performance during the "Trump market" of December last year, this time around, ETH (Ethereum) and its DeFi tokens (LINK, AAVE, ENA, etc.) have fared poorly, especially Ethereum itself.

與去年12月的“特朗普市場”期間以太坊的出色表現相反，這次是ETH（以太坊）及其Defi令牌（Link，Aave，Ena等）的表現較差，尤其是以太坊本身。

As the second-largest cryptocurrency by market value and one of only two cryptocurrencies with spot ETFs, Ethereum's growth rate has not only fallen short of BTC, SOL, and XRP but its fundamentals have also come under fire recently, with the founders of several well-known projects criticizing the chain's high costs and slow transaction speeds.

由於按市場價值計算的第二大加密貨幣，也是僅有兩個具有現貨ETF的加密貨幣之一，以太坊的增長率不僅降低了BTC，SOL和XRP，而且其基本面最近也受到了抨擊，最近有幾個井的創始人 - 已知的項目批評連鎖店的高成本和緩慢的交易速度。

Impact of Trump's Currency Issuance: A Multifaceted Analysis

特朗普發行的影響：多方面的分析

Firstly, it's important to note that TRUMP is not a meme coin issued on a whim via Pump.fun, the largest meme coin issuance platform on Solana, but rather a long-planned collaborative effort involving Solana and several protocols, related projects, and DeFi applications on its chain. This venture, which can be likened to a VC coin in the guise of a meme coin, had several key partners.

首先，重要的是要注意，特朗普不是通過Pump.fun在Quhim上發出的模因硬幣。Fun是Solana上最大的模因硬幣發行平台，而是涉及Solana和幾個協議，相關項目以及Defi的長期計劃的合作努力鏈上的應用。這項冒險可以比作模因硬幣的幌子將風險投資比作幾個關鍵合作夥伴。

Jupiter, the largest DEX aggregator on Solana, handled TRUMP's on-chain liquidity. The meme coin trading platform Moonshot provided the frontend trading interface, while the liquidity protocol Meteora was responsible for TRUMP's price feed and market depth. Wintermute, a leading market maker, played a crucial role behind the scenes, handling TRUMP's secondary market liquidity.

木星是Solana上最大的DEX聚合器，他處理了特朗普的鏈流動性。 Meme硬幣交易平台Moonshot提供了前端交易界面，而流動性協議Meteora負責特朗普的價格供貨和市場深度。領先的做市商Wintermute在幕後發揮了至關重要的作用，處理了特朗普的二級市場流動性。

It's also worth mentioning that Wintermute is the primary market maker for many high-market-cap meme coins and previously handled the market operations for the well-known meme coin PEPE.

還值得一提的是，Wintermute是許多高市蓋模因硬幣的主要做市商，並且以前為著名的Meme Coin Coin Pepe處理了市場運營。

Secondly, TRUMP's issuance had a significant "blood-sucking effect" in the short term, draining the market's liquidity and causing the prices of cryptocurrencies outside the Solana ecosystem to plummet. However, TRUMP's deployment on the Solana chain further solidified the market's recognition of the Solana ecosystem.

其次，特朗普的發行在短期內產生了重大的“吸血作用”，從而消耗了市場的流動性，並導致Solana生態系統以外的加密貨幣價格暴跌。但是，特朗普在Solana鏈上的部署進一步鞏固了市場對Solana生態系統的認可。

Moreover, meme coins and AI coins on the Solana ecosystem also benefited from increased liquidity, boosting the revenue of DeFi protocols on Solana. This wave of enthusiasm also ushered in a surge of new users to the crypto market. Moonshot reported attracting over 400,000 new users in 24 hours.

此外，Solana生態系統上的Meme Coins和AI硬幣也從流動性增加中受益，從而增加了Solana的Defi協議的收入。這一熱情還吸引了新用戶的加密市場。 Moonshot報告說，在24小時內吸引了40萬多名新用戶。

Finally, on-chain tools like GMGN emerged as beneficiaries, with their revenue briefly surpassing that of Uniswap, the largest DeFi protocol, in the short term.

最後，像GMGN這樣的鍊鍊工具作為受益人出現，其收入短暫超過了uniswap（在短期內最大的Defi協議）的收入。

Trump's crypto policy promises are also coming to fruition. When combined with Trump's statement at the World Economic Forum in Davos regarding his plans to establish the United States as the "world capital" of AI and cryptocurrency, Trump's own coin issuance signals a relaxed stance on regulating the crypto industry.

特朗普的加密政策承諾也將實現。當與特朗普在達沃斯的世界經濟論壇上的聲明結合在一起，他的計劃將美國建立為AI和加密貨幣的“世界資本”，特朗普自己的硬幣發行標誌著對監管加密貨幣行業的輕鬆立場。

The Trump family's World Liberty Financial is not only deeply involved in DeFi but also actively deploying RWA (real world assets), which could pave the way for more traditional financial institutions to join the DeFi realm. Additionally, local cryptocurrencies in the United States, such as Solana, Ripple, and Sui, will likely benefit from policy

特朗普家族的世界自由財務不僅參與了DEFI，而且還積極部署RWA（現實世界資產），這可能為更多傳統的金融機構加入DEFI領域鋪平道路。此外，美國的當地加密貨幣，例如Solana，Ripple和Sui，可能會從政策中受益