「川普幣事件」：四個重要的加密教訓

美國總統川普發行官方「總統幣」TRUMP，不到兩天，市值就突破800億美元。

On January 18, 2024, at 10:18 AM (EST), former U.S. President Donald Trump announced the launch of his own cryptocurrency, named TRUMP, via his official Twitter account. The token was quickly listed on decentralized exchanges (DEXs) and began trading.

2024 年 1 月 18 日上午 10:18（美國東部時間），美國前總統唐納德·川普透過其官方 Twitter 帳戶宣布推出自己的加密貨幣，名為 TRUMP。該代幣很快就在去中心化交易所（DEX）上市並開始交易。

Within two days, TRUMP's market value soared to over $80 billion, according to Coinmarketcap data. This event, dubbed the "Trump Coin Incident" by cryptocurrency enthusiasts, marked a significant turning point in the industry, accelerating the shift from centralized exchanges (CEXs) to DEXs.

根據 Coinmarketcap 的數據，兩天之內，川普的市值飆升至超過 800 億美元。這一事件被加密貨幣愛好者稱為“川普幣事件”，標誌著行業的重大轉折，加速了從中心化交易所（CEX）向DEX的轉變。

As a participant and observer in this event, I began monitoring TRUMP's price movements from 10:50 AM on January 18, when the token was valued at around $3 billion, to the evening of January 19, when it reached $80 billion. I also engaged in extensive discussions with other cryptocurrency practitioners throughout this period.

作為本次活動的參與者和觀察者，我從1 月18 日上午10:50 開始監控TRUMP 的價格走勢，當時該代幣的估值約為30 億美元，一直到1 月19 日晚間達到800億美元。在此期間，我還與其他加密貨幣從業者進行了廣泛的討論。

Here are some key observations and lessons learned from the "Trump Coin Incident":

以下是「川普幣事件」的一些重要觀察和教訓：

1. Opportunities Lie On-Chain: Those who actively engaged with DEX products like Phantom and Jupiter had a higher chance of discovering the TRUMP opportunity early on. Additionally, having sufficient capital on-chain was crucial for achieving optimal returns from this event.

1. 機會就在鏈上：那些積極參與 Phantom、Jupiter 等 DEX 產品的人更有可能儘早發現 TRUMP 機會。此外，擁有足夠的鏈上資金對於從本次活動中獲得最佳回報至關重要。

2. Speed Matters: The TRUMP token was launched around 10 AM on January 18, with a launch price of approximately $0.18. By the evening of January 19, TRUMP peaked at $80, marking an increase of over 400 times during this period.

2. 速度很重要：TRUMP 代幣於 1 月 18 日上午 10 點左右推出，發行價格約為 0.18 美元。到1月19日晚間，川普股價達到80美元峰值，在此期間漲幅超過400倍。

Those who discovered the opportunity quickly and made decisions promptly were able to acquire lower entry points. For instance, some KOLs (Key Opinion Leaders) like 0xSun, Dayu, and Yuyue were among the first traders to buy TRUMP, thanks to their habit of monitoring smart money on-chain.

那些迅速發現機會並迅速做出決定的人能夠獲得較低的切入點。例如，0xSun、大魚和魚躍等一些 KOL（關鍵意見領袖）是第一批購買 TRUMP 的交易者，這要歸功於他們監控鏈上智慧貨幣的習慣。

3. Cognition and Tools Shape Outcomes: Some people bought TRUMP early but in small amounts and sold even earlier, while others bought late but had more capital on-chain or used cross-chain products, ultimately determining their final gains.

3.認知和工具塑造結果：有的人早買了TRUMP，但數量很少，甚至更早賣出，而有的人買得晚，但鏈上資金較多或使用了跨鏈產品，最終決定了他們的最終收益。

When TRUMP's market value was $5 billion, some were still doubting the authenticity of the event, while others were already anticipating that its market value would easily surpass Dogecoin, which was valued at over $60 billion at the time.

當川普市值達到50億美元時，有些人還在懷疑這起事件的真實性，而有些人則已經預期其市值將輕鬆超越當時估值超過600億美元的狗狗幣。

4. The Power of Memes: Following Trump's announcement of the coin, several "crypto influencers" criticized him for using his influence for personal gain and argued that memes only have PVP (Play-versus-Play) attributes and no real value.

4. Meme 的力量：川普宣布發行該貨幣後，一些「加密貨幣影響者」批評他利用影響力謀取個人利益，並認為Meme 僅具有PVP（Play-versus-Play）屬性，沒有真正的價值。

However, memes seem to offer a relatively fair way to issue assets, especially in an environment where listing on major CEXs entails high costs, insider information, and contract pinning issues. Additionally, some large public chains incur marketing expenses of tens of millions of dollars annually, leading to complex interest groups and high entry barriers for new entrepreneurs.

然而，迷因似乎提供了一種相對公平的發行資產的方式，特別是在主要中央交易所上市需要高成本、內幕資訊和合約固定問題的環境下。此外，一些大型公鏈每年的行銷費用高達數千萬美元，導致利益團體複雜，新創業者的進入門檻較高。

Before the narrative of AI Agents emerged, memes appeared to lack valuable application scenarios. However, with the advent of AI Agents, people realized that memes are essentially a form of technical product, and their use depends on the people involved, not the memes themselves.

在人工智慧代理的敘述出現之前，迷因似乎缺乏有價值的應用場景。然而，隨著人工智慧代理的出現，人們意識到模因本質上是一種技術產品，其使用取決於參與的人，而不是模因本身。

These are just a few of the many lessons that can be drawn from the "Trump Coin Incident." The event, which drew attention from both within and outside the cryptocurrency community, showcased the rapid growth and influence of DEXs, Solana, and memes in the industry.

這些只是可以從「川普幣事件」中學到的眾多教訓中的一小部分。這項活動引起了加密貨幣社群內外的廣泛關注，展示了 DEX、Solana 和 meme 在業界的快速發展和影響力。