美國當選首位「加密貨幣總統」川普正在樹立榜樣，向世界展示 MemeCoin 如何改寫世界資本市場規則

1 月 18 日，即就職典禮前兩天，川普在他的 Truth Social 和 X 帳戶上推出了自己的「官方」Memecoin TRUMP，震驚了世界。

Author: Liam

作者：利亞姆

After being sworn in as the 47th President of the United States on January 20, Donald Trump made history again by becoming the first U.S. president to issue his own cryptocurrency.

1 月 20 日宣誓就任美國第 47 任總統後，唐納德·川普再次創造歷史，成為第一位發行自己的加密貨幣的美國總統。

On January 18, two days before his inauguration, Trump unveiled his own “official” Memecoin, TRUMP, via his Truth Social and X accounts.

1 月 18 日，即就職典禮前兩天，川普透過他的 Truth Social 和 X 帳戶推出了自己的「官方」Memecoin TRUMP。

"My new official Trump emoji pack is here!" Trump wrote on his social media platform Truth Social. "It's time to celebrate everything we stand for: victory! Join my special Trump community. Come get your Trump emoji pack now."

“我的新官方川普表情包來了！”川普在他的社群媒體平台Truth Social上寫道。 「是時候慶祝我們所代表的一切了：勝利！加入我的特別川普社區。現在就來領取你的川普表情包吧。」

Initially, the crypto community questioned the token's legitimacy, with some suggesting it could be a hack or a social engineering scheme. Even Elon Musk was unsure whether Trump's X account had been hacked. However, as Trump's posts remained online and data from Polymarket showed a 10% chance that the account had been compromised, the doubts began to fade and the token's price continued to rise.

最初，加密社群質疑該代幣的合法性，有些人認為這可能是駭客攻擊或社會工程計劃。就連伊隆馬斯克也不確定川普的 X 帳號是否被駭客入侵。然而，由於川普的貼文仍在網路上，而 Polymarket 的數據顯示該帳號被盜的可能性為 10%，疑慮開始消退，代幣的價格繼續上漲。

TRUMP opened at $0.1824 but gained more than 15,000% in 12 hours and was trading around $30 as of 10 a.m. ET, 12 hours after the token was issued.

TRUMP 開盤價為 0.1824 美元，但在 12 小時內上漲超過 15,000%，截至美國東部時間上午 10 點（即代幣發行 12 小時後），交易價格約為 30 美元。

In the 12 hours since its launch, the market value of the MemeCoin project has soared to $30 billion, about three times the market value of Trump Media Technology Group DJT (about $8.7 billion). This is an exponential growth process, with its market value rising by $1 billion every few minutes.

上線12小時內，MemeCoin專案市值已飆升至300億美元，約為川普媒體科技集團DJT市值（約87億美元）的三倍。這是一個指數級的成長過程，市值每幾分鐘就會上漲10億美元。

According to estimates by blockchain analysis platform Arkham Intelligence, "Crypto President" Trump's net worth skyrocketed to $28 billion overnight, thanks to the virtual currency "TRUMP" issued by Trump, which increased his estimated net worth by 400%. Trump's affiliated companies CIC Digital LLC and Fight Fight Fight LLC control 80% of the supply, and the value of his cryptocurrency holdings alone has soared to $22.4 billion. Forbes valued Trump's net worth at $5.6 billion last November.

根據區塊鏈分析平台Arkham Intelligence測算，「加密貨幣總統」川普的身家一夜暴漲至280億美元，這得益於川普發行的虛擬貨幣“TRUMP”，使他的預估身家增加了400%。川普的關聯公司 CIC Digital LLC 和 Fight Fight Fight LLC 控制著 80% 的供應量，光是他持有的加密貨幣價值就飆升至 224 億美元。去年 11 月，《富比士》對川普的淨資產估值為 56 億美元。

An industry investor said that because of cryptocurrencies, Trump and his family made more money in the past 12 hours than they did in the past 50 years. This may explain why he is so supportive of cryptocurrencies? The price of cryptocurrencies has not been taken into account. Under Trump's leadership, the price of cryptocurrencies will continue to rise.

一位產業投資者表示，因為加密貨幣，川普及其家人在過去12小時內賺的錢比過去50年賺的錢還要多。這或許可以解釋為什麼他如此支持加密貨幣？尚未考慮加密貨幣的價格。在川普的領導下，加密貨幣的價格將持續上漲。

"80% of the token supply is locked in a multi-signature wallet, worth $3 billion, controlled by the creator, who has also added $40 million in liquidity," Conor Grogan, head of product business operations at Coinbase, said in an article published on X. He added that the project received millions of dollars in seed funding from Binance and Gate, two exchanges that do not serve U.S. customers. Other analysts have pointed out that 80% of the token's circulating supply is allocated to Fight Fight Fight LLC and CIC Digital LLC, which are associated with the Trump Organization, and only 20% of the supply is evenly distributed between public investors and liquidity.

Coinbase 產品業務營運主管Conor Grogan 在一篇文章中表示：「80% 的代幣供應被鎖定在多重簽名錢包中，價值30 億美元，由創建者控制，創建者還增加了4000 萬美元的流動性。其他分析師指出，該代幣流通供應量的 80% 分配給與川普組織有關的 Fight Fight Fight LLC 和 CIC Digital LLC，只有 20% 的供應量平均分配給公共投資者和流動性。

While Trump controls the vast majority of tokens, they remain locked, meaning the U.S. president is unlikely to “rip off” his millions of most loyal fans… at least for now.

雖然川普控制絕大多數代幣，但它們仍然處於鎖定狀態，這意味著美國總統不太可能「欺騙」他數百萬最忠實的粉絲……至少目前是這樣。

Additionally, while the memecoin associated with Solana pushed Solana’s market cap to a record $118 billion, the price of Ethereum, a major source of liquidity, saw an offsetting decline, with its market cap falling 5% overnight, losing about $240 billion in value.

此外，雖然與Solana 相關的memecoin 將Solana 的市值推至創紀錄的1180 億美元，但主要流動性來源以太坊的價格卻出現了抵消性下跌，其市值一夜之間下跌了5%，價值損失了約2400 億美元。

Trump's comments come as the president-elect continues to support cryptocurrency initiatives. He was outspoken about his skepticism of cryptocurrencies, but did a 180-degree turn during the campaign, promising to reshape the U.S. cryptocurrency landscape and make the U.S. the "crypto capital of the world." Trump nominated Paul Atkins to serve as chairman of the Securities and Exchange Commission (SEC), who is expected to lead these efforts. Atkins, a well-known cryptocurrency advocate and former SEC commissioner, will replace Gary Gensler, who has been criticized for cracking down on the industry.

川普發表此番言論之際，這位候任總統持續支持加密貨幣倡議。他直言不諱地表達了對加密貨幣的懷疑，但在競選期間卻來了180度大轉變，承諾重塑美國加密貨幣格局，讓美國成為「世界加密貨幣之都」。川普提名保羅·阿特金斯擔任美國證券交易委員會（SEC）主席，預計他將領導這些工作。著名的加密貨幣倡導者、前 SEC 專員阿特金斯將接替因打擊該行業而受到批評的加里·詹斯勒 (Gary Gensler)。

Finally, while many are excited to join the biggest momentum trade of all time, which has even overshadowed social media phenomena like Gamestop and AMC, some like Bloomberg ETF’s senior analyst are skeptical, arguing that this particular attempt by Trump “seems exploitative” and is “an unforced mistake that's happening.”

最後，雖然許多人對加入有史以來最大的動量交易感到興奮，這甚至掩蓋了Gamestop 和AMC 等社交媒體現象，但彭博ETF 的高級分析師等一些人對此表示懷疑，認為川普的這一個特殊嘗試“似乎是剝削性的”，並且是一種“剝削”行為。

Whether he is right or wrong depends on how long it takes for this bubble to burst.

他是對還是錯，取決於這個泡沫需要多長時間破滅。

Putting aside the bubble theory, we will think about the significance of the first "presidential currency issuance" moment in world history?

拋開泡沫理論，我們會思考世界史上第一個「總統貨幣發行」時刻的意義？

Global macro investor Raoul Pal said that the signal here is the speed and simplicity of capital

全球宏觀投資者Raoul Pal表示，這裡的訊號是資本的速度和簡單性