梅蘭妮亞川普推出MEME幣MELANIA，市值一度飆升至130億美元以上，Solana網路壅塞甚至中斷

在川普親自推出MEME幣TRUMP，在加密社群內外引起前所未有的狂熱後，他的妻子梅蘭妮亞也推出了自己的官方代幣MELANIA。

Trump's wife launches official token 'MELANIA' after TRUMP token sparks FOMO

在 TRUMP 代幣引發 FOMO 後，川普的妻子推出官方代幣“MELANIA”

Author: Nancy, PANews

作者：南希，PANews

After Trump personally launched the MEME coin TRUMP, causing an unprecedented frenzy both inside and outside the crypto community, his wife Melania has also introduced her own official token, MELANIA. Under the "First Lady" effect combined with the FOMO sentiment surrounding the TRUMP token, MELANIA's market cap was once pushed above $13 billion, leading to congestion and even outages on the Solana network due to the surge in trading volume. However, this wave of funding driven by FOMO has also caused significant bloodletting in the crypto market, with several details surrounding the issuance of MELANIA triggering market controversy.

在川普親自推出MEME幣TRUMP，在加密社群內外引起前所未有的狂熱後，他的妻子梅蘭妮亞也推出了自己的官方代幣MELANIA。在「第一夫人」效應加上圍繞 TRUMP 代幣的 FOMO 情緒下，MELANIA 市值一度突破 130 億美元，導致 Solana 網路因交易量激增而出現擁堵甚至中斷。然而，這波由 FOMO 驅動的融資潮也造成了加密市場的大幅放血，圍繞著 MELANIA 發行的多個細節引發市場爭議。

In the early hours of January 20, Melania Trump announced on social media that people can now purchase the MEME coin MELANIA. Subsequently, Trump retweeted to further confirm this information, quickly igniting the market.

1月20日凌晨，梅蘭妮亞·川普在社群媒體上宣布，人們現在可以購買MEME幣MELANIA。隨後，川普轉發推文進一步證實了這個訊息，迅速點燃市場。

TRUMP falls sharply, crypto market suffers severe bloodletting

川普大幅下挫，加密市場遭遇嚴重放血

Stimulated by the wealth effect brought by Trump's token TRUMP, MELANIA quickly seized a large amount of market liquidity within just a few hours. According to DEX Screener data, MELANIA's market cap exceeded $13.09 billion just hours after its launch, with a cumulative trading volume reaching $1.36 billion.

在川普代幣TRUMP帶來的財富效應刺激下，MELANIA在短短幾個小時內迅速攫取了大量市場流動性。根據 DEX Screener 數據，MELANIA 上線數小時後市值就突破 130.9 億美元，累計交易量達 13.6 億美元。

Under MELANIA's bloodsucking attack, the crypto market generally fell as funds were rapidly withdrawn, with particularly severe bloodletting on-chain, and TRUMP was no exception, briefly dropping below $40.

在MELANIA的吸血攻擊下，加密貨幣市場普遍下跌，資金迅速撤出，鏈上放血尤為嚴重，TRUMP也不例外，一度跌破40美元。

According to SoSoValue data, the crypto market sector generally retraced, with the AI Agents sector down 12.08%, the PayFi sector down 6.75%, the DeFi sector down 6.94%, and the MEME sector down 7.53%.

SoSoValue數據顯示，加密市場板塊普遍回調，其中AI Agents板塊下跌12.08%，PayFi板塊下跌6.75%，DeFi板塊下跌6.94%，MEME板塊下跌7.53%。

Coinglass data shows that in the past 12 hours, the entire crypto market saw over $710 million in liquidations, with long positions liquidating $590 million and short positions liquidating $120 million. The cryptocurrencies with the highest liquidation amounts were Bitcoin, Ethereum, Solana, and TRUMP. GMGN data indicates that TRUMP's maximum drop today reached 59.6%.

Coinglass 數據顯示，在過去 12 小時內，整個加密貨幣市場的清算金額超過 7.1 億美元，多頭部位清算 5.9 億美元，空頭部位清算 1.2 億美元。清算金額最高的加密貨幣是比特幣、以太幣、Solana 和 TRUMP。 GMGN數據顯示，川普今日最大跌幅達59.6%。

While MELANIA was being speculated upon in the market, the original intention of the token's creation, the unlocking mechanism, and the series of token issuances by the Trump family have also sparked considerable speculation and controversy.

在市場猜測 MELANIA 的同時，該代幣的創建初衷、解鎖機制以及川普家族的一系列代幣發行也引發了不小的猜測和爭議。

On one hand, MELANIA's deployment time has been criticized as being too rushed. According to Abstract contributor cygaar, MELANIA's official website and domain were created just yesterday (January 19), and the front-end code is incomplete. In contrast, the deployment of the TRUMP token began preparations as early as December 2024;

一方面，MELANIA的部署時間被批評過於倉促。根據摘要貢獻者cygaar透露，MELANIA的官網和網域是在昨天（1月19日）剛創建的，前端程式碼並不完整。相較之下，TRUMP代幣的部署早在2024年12月就開始準備；

On the other hand, according to information from the MELANIA official website, the token distribution plan allocates 35% to team shares, 20% to the treasury, 20% to the community, 15% to public issuance, and 10% for liquidity. MELANIA has a significant difference in unlocking mechanisms compared to TRUMP, with the MELANIA team's token share having an initial lock-up period of only 30 days, while the TRUMP token's team share requires a lock-up of 3 years. Meanwhile, on-chain analyst Yu Jin pointed out that the figures regarding the team's unlocking portion in MELANIA's token distribution appear to be incorrect. According to the official token distribution, the team allocation is 35%, but the unlocking rules indicate it is calculated at 30%. Moreover, only 35% of the team's allocation has written unlocking rules, while the rest is not specified, which may imply that MELANIA's circulation could be 65%.

另一方面，根據MELANIA官網訊息，代幣分配計畫分配35%為團隊股份，20%為金庫，20%為社區，15%為公開發行，10%為流動性。 MELANIA 與 TRUMP 相比，在解鎖機制上有顯著差異，MELANIA 團隊代幣份額初始鎖定期僅為 30 天，而 TRUMP 代幣團隊份額需要鎖定 3 年。同時，鏈上分析師餘進指出，MELANIA 代幣分配中團隊解鎖部分的數據似乎不正確。根據官方代幣分配，團隊分配為35%，但解鎖規則顯示以30%計算。而且，只有35%的團隊分配寫有解鎖規則，其餘的則沒有具體說明，這可能意味著MELANIA的發行量可能是65%。

Regarding the series of token issuances by Trump and his family, Zack Guzmán, founder of crypto media Coinage, analyzed in a post that the Trump family quickly launched the TRUMP and ELANIA coins before the inauguration to potentially avoid constitutional risks. According to the U.S. Constitution's compensation clause, the president cannot receive private benefits from foreign governments. Trump previously earned about $7.2 million through an NFT project, and his wife Melania also made over $330,000 from NFT sales. Issuing tokens before officially taking office could reduce the risk of being accused of violating the compensation clause.

對於川普及其家族的一系列代幣發行，加密媒體Coinage創始人Zack Guzmán在發文中分析稱，川普家族在就職典禮前迅速推出了TRUMP和ELANIA幣，可能是為了規避憲法風險。根據美國憲法的賠償條款，總統不能從外國政府取得私人利益。川普先前透過 NFT 計畫賺取了約 720 萬美元，他的妻子梅拉尼婭也從 NFT 銷售中賺取了超過 33 萬美元。在正式上任之前發行代幣可以降低被指控違反賠償條款的風險。

Ryan Selkis, founder of Messari, publicly called on Trump regarding the launch of MELANIA, suggesting he fire the individuals who recommended initiating the Melania project today. He pointed out the following issues: the project team lacks professional capability; it could cause significant economic losses and damage to reputation; project decisions did not adequately consider Trump's interests.

Messari 創辦人 Ryan Selkis 公開呼籲川普就 MELANIA 的推出一事，建議他解僱今天建議啟動 Melania 計畫的人。他指出了以下問題：專案團隊專業能力不足；可能造成重大經濟損失和聲譽損害；專案決策沒有充分考慮川普的利益。

"Meme coins are a zero-sum

「模因幣是零和遊戲