旨在紀念美國總統唐納德·特朗普的第二任總統的官方特朗普令牌

旨在紀念美國總統唐納德·特朗普（Donald Trump）的第二任總統的官方特朗普代幣在發射時立即受到打擊。

The official TRUMP token, designed to commemorate US President Donald Trump’s second presidency, was an instant hit upon launch. The token surged from less than $10 on January 18th to a high of $74.59 on January 20th before quickly surrendering some gains within hours.

旨在紀念美國總統唐納德·特朗普（Donald Trump）的第二任總統的官方特朗普代幣在發射時立即受到打擊。代幣從1月18日的不到10美元飆升至1月20日的74.59美元的高點，然後迅速在幾個小時內投降了一些收益。

Although the token remained competitive days after the president’s inauguration, by trading above $30, it quickly faded under pressure. TRUMP dipped below $20 on February 2nd, and it’s now trading at $10.

儘管代幣在總統就職典禮後的幾天保持競爭激烈，但交易以上的交易超過30美元，但在壓力下迅速消失了。特朗普在2月2日下跌低於20美元，現在的交易價格為10美元。

Observers say that the broader crypto market and TRUMP’s token are crashing. However, TRUMP’s crash is not without controversy—10x Research has disclosed that there was “insider play” before the coin’s massive drop. While most traders lost billions of dollars during its crash, a sizeable number of early investors cashed in for huge profits.

觀察者說，更廣泛的加密市場和特朗普的代幣正在崩潰。但是，特朗普的崩潰並非沒有爭議-10倍的研究揭示了在硬幣大量下降之前有“內部玩法”。儘管大多數交易者在撞車事故中損失了數十億美元，但大量的早期投資者賺了大量利潤。

Early Investors Cash Out Before Listing In Major Exchanges

早期投資者在大規模交易所上市之前兌現

According to 10x Research, most early investors cashed out just before major exchanges listed the coin, as its value moved past $60 and briefly hit $70. The coin’s rapid surge in price was welcomed by everyone, with the early investors getting the best seats in the house. After its quick rise, TRUMP suffered a massive drop. From the low $20s, it’s now trading at $10, leaving retail and small traders with losses.

根據10倍研究，大多數早期投資者在大型交易所列出硬幣之前就兌現了，因為其價值超過60美元，並短暫地達到了70美元。每個人都歡迎硬幣的迅速價格上漲，早期的投資者獲得了房屋中最好的席位。迅速上升後，特朗普遭受了巨大的下降。從20美元的低價開始，它的交易價格為10美元，零售業和小型商人造成損失。

Losses related to the TRUMP price drop are reminiscent of previous bearish cycles, including the 2021 NFTs boom and bust. With the TRUMP token, the value significantly dropped within the week. By looking at the bigger picture, TRUMP token shed more than 80% since its peak last January. And on-chain data suggests that early investors quickly liquidated their positions, with retail and small traders used as pawns.

與特朗普價格下跌有關的損失讓人聯想到以前的看跌週期，包括2021 NFTS繁榮和胸圍。隨著特朗普令牌，該價值在一周內大大下降。通過查看更大的局面，特朗普的代幣自去年1月的頂峰以來就佔據了80％以上。鏈上的數據表明，早期的投資者迅速清算了他們的頭寸，零售和小型商人用作典當。

Solana Chain Takes A Hit

Solana Chain受到打擊

The Solana ecosystem is one of the biggest losers in the token’s crash. Aside from TRUMP, a few other Solana-based tokens faced selling pressure, including Raydium’s RAY token, which dropped by 60% in the last month.

Solana生態系統是令牌崩潰中最大的失敗者之一。除了特朗普外，其他一些基於Solana的代幣還面臨銷售壓力，包括Raydium的Ray代幣，上個月下降了60％。

Even Solana’s native token, SOL, dropped by over 40% over the same period. The drop in value for SOL-based tokens suggests that the interest in meme coins or speculative tokens is waning.Pump.fun Also Sees Dramatic Shift

甚至索拉納（Solana）的本地令牌Sol，同一時期也下降了40％以上。基於SOL的令牌的價值下降表明，對模因硬幣或投機令牌的興趣正在減弱。

Pump.fun, another leading meme coin platform, has also witnessed a dramatic drop in network activity. Over the past year, this platform processed 8.4 million meme coin launches, peaking days ahead of Trump’s inauguration.

另一個領先的模因硬幣平台Pump.Fun也見證了網絡活動的急劇下降。在過去的一年中，這個平台處理了840萬個模因硬幣，在特朗普就職典禮之前達到頂峰。

From Christmas season to early January, up to 1.7 million meme tokens were launched on Pump.fun. However, the daily launches on Pump.fun have dropped. Also, participation rates have fallen on this platform, reflecting declining interest on this asset class.

從聖誕節到1月初，在Pump.Fun上發布了多達170萬個模因令牌。但是，每日發射在pump.fun上下降了。此外，參與率也下降了這個平台，反映了該資產類別的利息下降。