特朗普：激烈的發射，同樣迅速的跌倒

2025年1月19日，$特朗普的代幣以73.43美元的價格達到了頂峰。當時，唐納德·特朗普（Donald Trump）準備再次成為總統，他對加密貨幣的熱情是不可否認的。

Everything had started well for the $TRUMP token: a spectacular surge, open support from the former president, and promises of digital greatness. But barely three months later, the rocket crashes. April 18 marks a brutal turning point with the unlocking of 40 million tokens. Result: a 90% plunge since the January peak. A reminder that digital dreams can quickly turn into financial nightmares… especially when politics joins the party.

對於$ trump代幣來說，一切都很好：壯觀的激增，前總統的開放支持以及數字偉大的承諾。但僅僅三個月後，火箭墜毀。 4月18日是一個殘酷的轉折點，解鎖了4000萬個令牌。結果：自一月峰以來90％的跌幅。提醒您，數字夢想可以迅速變成財務上的噩夢……尤其是當政治加入黨時。

TRUMP: a blazing launch, an equally rapid fall

特朗普：激烈的發射，同樣迅速的跌倒

On January 19, 2025, the $TRUMP token reached its peak at $73.43. At the time, Donald Trump was preparing to become president again, and his enthusiasm for cryptos was evident. “I LOVE $TRUMP – SO COOL!!!“, he declared on Truth Social. The effect was immediate: euphoria took over the markets, wallets swelled, and traders were already talking about a future dominated by presidential tokens.

2025年1月19日，$特朗普的代幣以73.43美元的價格達到了頂峰。當時，唐納德·特朗普（Donald Trump）準備再次成為總統，他對加密貨幣的熱情很明顯。 “我愛$ trump - 太酷了！！！”，他宣稱真相社交。效果是直接的：Euphoria接管了市場，錢包膨脹了，商人已經在談論由總統代幣主導的未來。

But on April 18, the mood soured. A batch of 40 million tokens — valued at $309 million — was released on the market, causing the price to plummet. In one day, the token’s value dropped to less than $8. To put this fall into perspective, the token is now trading at around $9, having lost nearly 90% since the beginning of the year. To make matters worse, this release represents only 20% of the total supply. More waves of unlocking are planned over the next few months, enough to shake the remaining optimistic holders.

但是在4月18日，心情惡化了。市場上發布了一批4000萬個令牌（價值3.09億美元），導致價格下降。在一天之內，令牌的價值下降到不到8美元。從今年年初開始，該代幣現在的交易量約為9美元左右，損失了近90％。更糟糕的是，此版本僅佔總供應量的20％。計劃在接下來的幾個月內將增加更多解鎖的波浪，足以動搖其餘的樂觀持有者。

Behind the scenes: a murky and very familial structure

幕後：一個模糊而家族的結構

This token is also a family affair. Two entities hold 80% of the supply: CIC Digital LLC and Fight Fight Fight LLC. These names might not ring a bell, but they are directly linked to the Trump universe. CIC Digital belongs to a trust that manages the president’s personal assets. Meanwhile, Fight Fight Fight LLC is co-managed by CIC Digital and a Wyoming-based company.

這個令牌也是家庭事務。兩個實體持有80％的供應：CIC Digital LLC和Fight Fight Fight Fight LLC。這些名稱可能不會敲響鈴鐺，但它們與特朗普宇宙直接相關。 CIC Digital屬於管理總統個人資產的信任。同時，Fight Fight Fight Fight LLC由CIC Digital和一家位於懷俄明州的公司共同管理。

Even the name sounds like a campaign slogan shouted during an assassination attempt:

甚至這個名字聽起來像是一個競選口號，在暗殺企圖中大喊：

Fight! Fight! Fight!

鬥爭！鬥爭！鬥爭！

This lack of transparency is striking, especially in the light of the token’s rapid fall. According to Rob Hadick of Dragonfly, “It’s very strange to have six different groups of holders without knowing who is who. Even in the somewhat opaque memecoin world, this one sets records for organizational fog.”

這種缺乏透明度令人震驚，尤其是鑑於令牌的迅速下降。根據蜻蜓的羅布·哈迪克（Rob Hadick）的說法，“有六個不同的持有人不知道誰是誰，這是非常奇怪的。即使在某種不透明的Memecoin世界中，這也為組織霧的記錄創下了記錄。”

The implications are clear: the developers have already pocketed an estimated $350 million in profits, mostly through setting up liquidity pools to sell their tokens for USDC. And while investors are collectively losing billions on the token’s collapse, those in the know are quietly making their moves.

含義很明顯：開發商已經賺了大約3.5億美元的利潤，主要是通過設置流動性池來出售其代幣的USDC。儘管投資者在代幣的崩潰中統一損失了數十億美元，但知識中的人正在悄悄地採取行動。

A presidential crypto strategy? Between boldness and conflict of interest

總統加密戰略？在大膽和利益衝突之間

Since his return to the White House, Donald Trump has been presenting himself as a crypto champion. He’s creating a Strategic Reserve of bitcoin, signing decrees to regulate the sector, and actively promoting projects linked to his family. A presidential initiative to regulate… while profiting?

自從返回白宮以來，唐納德·特朗普（Donald Trump）一直是加密冠軍。他正在創建一個戰略性的比特幣儲備，簽署了規範該行業的法令，並積極促進與家人相關的項目。一項總統倡議，以監管……在獲利的同時？

“Absolutely a relevant factor to consider,” says Ann Koppuzha, a business law professor at Creighton University in Omaha, Nebraska. It’s an understatement.

內布拉斯加州奧馬哈市克雷頓大學的商業法教授安·科普扎（Ann Koppuzha）說：“絕對是考慮的重要因素。”這是輕描淡寫。

The administration claims that a specialized lawyer is overseeing potential conflicts of interest. But when your name is on the token and you’re signing laws that can boost its price, you really need some nerve to assert that everything is neutral.

政府聲稱，專業律師正在監督潛在的利益衝突。但是，當您的名字在令牌上並且您簽署可以提高價格的法律時，您確實需要有些神經來斷言一切都是中立的。

The strategy behind TRUMP seems to be built for the long haul. The planned batch release program for the $TRUMP token will continue for three years. Tokens will be released in several waves, with varying quantities over time—ranging from hundreds of thousands per day to smaller batches. This could maintain constant pressure on the price, encouraging traders to react quickly. But if the bear market persists and investors decide to flee en masse before the next wave, the consequences could be disastrous.

特朗普背後的戰略似乎是為了長期而建立的。 $特朗普代幣計劃的批處理髮布計劃將持續三年。代幣將以幾波釋放，隨著時間的推移數量變化，從每天數十萬到較小的批次。這可能會對價格保持持續的壓力，鼓勵交易者迅速做出反應。但是，如果熊市持續存在，投資者決定在下一波浪潮之前大批逃離，那麼後果可能是災難性的。

In the unpredictable world of crypto, anything is possible. While memecoins have shown a surprising ability to be reborn from the ashes, $TRUMP will this time have to convince beyond the presidential image to persevere. The next big question is how far decentralized finance can be politicized without losing all credibility.

在不可預測的加密世界中，一切皆有可能。儘管Memecoins表現出令人驚訝的從骨灰中重生的能力，但特朗普這次將不得不說服總統的形象超越堅持不懈。下一個大問題是，可以將分散的財務能夠政治化多遠而不會失去所有信譽。