官方川普 Memecoin 鞏固了 Solana 在加密貨幣和 DeFi 領域的主導地位

1 月 18 日，當選總統唐納德·川普支持的「官方川普」（TRUMP）迷因幣在沒有事先通知的情況下推出，令加密貨幣市場感到意外。

On Jan. 18, the cryptocurrency market was surprised by the launch of the “Official Trump” (TRUMP) memecoin, which is backed by President-elect Donald Trump and was released without prior notice.

1 月 18 日，加密貨幣市場對「川普官方」（TRUMP）迷因幣的推出感到驚訝，該幣得到了當選總統唐納德·川普的支持，並在沒有事先通知的情況下發布。

The launch was announced on Trump’s social media accounts, which directed users to purchase the Solana token through a specified centralized intermediary and provided the contract address.

此次發布是在川普的社交媒體帳戶上宣布的，該帳戶引導用戶透過指定的中心化中介機構購買 Solana 代幣並提供合約地址。

The memecoin launch sparked a rally in Solana’s native token SOLUSD, pushing it to a new all-time high of $270. This surge raised questions among traders about whether SOL’s current market capitalization of $120 billion is sustainable and its implications for Ethereum ETHUSD, Solana’s main competitor.

memecoin 的推出引發了 Solana 原生代幣 SOLUSD 的上漲，將其推至 270 美元的歷史新高。這一飆升引發了交易者的疑問：SOL 目前 1200 億美元的市值是否可持續，及其對 Solana 主要競爭對手以太坊 ETHUSD 的影響。

Ethereum had previously been perceived as Trump’s favorite due to its allocation within World Liberty Financial, a project closely associated with Trump, but the decision to launch Official Trump on the Solana network has raised eyebrows.

以太坊此前曾被認為是川普的最愛，因為它在與川普密切相關的世界自由金融項目中進行分配，但在 Solana 網路上推出官方川普的決定引起了人們的關注。

Adding to the intrigue was the timing of the launch, which coincided with the Trump-honoring "Crypto Ball,” a high-profile event that brought together industry leaders such as Michael Saylor of MicroStrategy, Coinbase CEO Brian Armstrong, the Winklevoss twins of Gemini, and David Sacks, Trump’s crypto and artificial intelligence adviser. The sold-out event took place just a few blocks from the White House in Washington, D.C.

更令人感興趣的是發布的時機，恰逢川普紀念的“加密球”，這是一場備受矚目的活動，雲集了MicroStrategy 的Michael Saylor、Coinbase 首席執行官Brian Armstrong、Gemini 的Winklevoss雙胞胎等行業領袖和川普的加密貨幣和人工智慧顧問戴維·薩克斯(David Sacks) 這場門票售罄的活動在距離華盛頓特區白宮僅幾個街區的地方舉行。

Despite the competitive memecoin market, the “Official Trump” (TRUMP) token quickly reached a $6.9 billion market capitalization and was immediately listed on major exchanges, including Bybit, Bitget, and KuCoin.

儘管迷因幣市場競爭激烈，但「官方川普」（TRUMP）代幣的市值很快就達到了 69 億美元，並立即在包括 Bybit、Bitget 和 KuCoin 在內的主要交易所上市。

The memecoin launched with 200 million tokens in circulation and a total supply of up to 1 billion, with 80% allocated to the issuers.

Memecoin 發行時流通量為 2 億枚，總供應量高達 10 億枚，其中 80% 分配給發行者。

The issuers reportedly deposited 44.4 million TRUMP tokens into single-sided liquidity pools, meaning no direct pairing with assets like stablecoins. The decentralized exchange Meteora (DEX) was chosen to manage the automated market-making (AMM) process alongside Jupiter DEX. The two largest liquidity pools were TRUMP-USDC, with a total value locked (TVL) of $483 million, and TRUMP-SOL, holding $67 million.

據報道，發行人將 4,440 萬枚 TRUMP 代幣存入單邊流動性池，這意味著不會與穩定幣等資產直接配對。選擇去中心化交易所 Meteora (DEX) 與 Jupiter DEX 一起管理自動做市 (AMM) 流程。最大的兩個流動性池是 TRUMP-USDC，鎖定總價值 (TVL) 為 4.83 億美元，以及 TRUMP-SOL，持有 6,700 萬美元。

Currently trading at $24.60, the “Official Trump” (TRUMP) token is ranked as the 28th largest cryptocurrency by market capitalization, with trading volumes exceeding $7 billion across decentralized and centralized exchanges. For comparison, TRUMP's trading volume has surpassed Dogecoin (DOGE), the oldest memecoin and a sector leader with a $58 billion market cap. As a result, Solana’s decentralized platforms, such as Meteora and Raydium, saw significant benefits from the TRUMP token launch.The memecoin market overall experienced a negative impact as traders shifted their focus to the President-elect’s token. More than 200,000 users purchased “Official Trump” (TRUMP) directly through its official app, Moonshot, which facilitated nearly $400 million in trading volume. In contrast, Dogecoin dropped 6%, Shiba Inu (SHIB) fell 7.5%, PEPE declined by 10.5%, and Dogwifhat (WIF) saw an 8% decrease.

目前，「川普官方」（TRUMP）代幣的交易價格為 24.60 美元，按市值排名第 28 位，在去中心化和中心化交易所的交易量超過 70 億美元。相比之下，川普的交易量已經超過了狗狗幣（DOGE），這是最古老的迷因幣，也是市值 580 億美元的行業領導者。因此，Solana 的去中心化平台（例如 Meteora 和 Raydium）從 TRUMP 代幣的推出中獲益匪淺。超過 20 萬用戶直接透過其官方應用程式 Moonshot 購買了「川普官方」（TRUMP），促成了近 4 億美元的交易額。相比之下，狗狗幣下跌 6%，柴犬 (SHIB) 下跌 7.5%，PEPE 下跌 10.5%，Dogwifhat (WIF) 下跌 8%。

For Ether holders, the event posed a double challenge. First, it strengthened Solana’s position as the go-to ecosystem for token launches. Second, it diminished expectations that the Trump administration might favor Ethereum, despite Trump’s previous connections to the Ethereum-based World Liberty Finance project.

對於以太坊持有者來說，該事件帶來了雙重挑戰。首先，它鞏固了 Solana 作為代幣發行首選生態系統的地位。其次，它降低了人們對川普政府可能青睞以太坊的預期，儘管川普之前與基於以太坊的世界自由金融計畫有聯繫。

Whether the “Official Trump” (TRUMP) token can maintain its price above $20 remains uncertain. Furthermore, for SOL price to break through $300, the Solana network must significantly expand its market share in terms of deposits and institutional adoption. This growth is also contingent on the approval of a Solana spot exchange-traded fund (ETF) by the US Securities and Exchange Commission, which remains a key catalyst for future gains.

「川普官方」（TRUMP）代幣能否將其價格維持在 20 美元以上仍不確定。此外，要使 SOL 價格突破 300 美元，Solana 網路必須在存款和機構採用方面大幅擴大其市場份額。這一增長也取決於美國證券交易委員會批准 Solana 現貨交易所交易基金 (ETF)，該基金仍然是未來收益的關鍵催化劑。

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