川普迷因幣激發了交易狂潮，但大多數新交易者都虧損了

受美國總統唐納德·川普啟發的川普模因硬幣自周末首次亮相以來一直是加密市場上最受關注的資產之一。

The TRUMP meme coin, inspired by U.S. President Donald Trump, has attracted hundreds of thousands of new traders since its debut last weekend. Now, on-chain data reveals some interesting insights into the coin’s trading behavior.

受美國總統唐納德·川普啟發的川普迷因硬幣自上週末首次亮相以來吸引了數十萬個新交易者。現在，鏈上數據揭示了有關代幣交易行為的一些有趣的見解。

The key takeaways:

關鍵要點：

TRUMP sparked a massive trading frenzy, attracting 929,543 new on-chain traders in the first four days. At the peak of this frenzy, 42,208 new traders joined the market per hour on January 18.

川普引發了大規模的交易狂潮，前四天就吸引了 929,543 名新的鏈上交易者。在這一狂熱的高峰期，1 月 18 日每小時有 42,208 名新交易者加入市場。

However, after this surge, the trading activity quickly fizzled out, with the number of new traders falling to just 1,383 per hour by January 22.

然而，在這次激增之後，交易活動很快就消失了，到 1 月 22 日，新交易者數量降至每小時 1,383 人。

Despite the volatility and shifts in trading volume, several addresses managed to cash in on the TRUMP surge. On-chain data shows the profit and loss (PNL) distribution for TRUMP holders largely follows a normal distribution, with a few standout earners.

儘管交易量存在波動和變化，但一些地址還是成功地從川普的飆升中獲利。鏈上數據顯示，川普持有者的損益（PNL）分佈基本上遵循常態分佈，其中有一些表現突出的人。

These fortunate few capitalized on the explosive price movement during the meme coin’s brief, intense rally. However, many traders also faced losses as the price corrected.

這些幸運的少數人利用了模因幣短暫而劇烈的上漲期間爆炸性的價格走勢。然而，隨著價格調整，許多交易商也面臨損失。

TRUMP's price soared from $0.1824 on January 18 to reach an all-time high of approximately $80 the same day. This represents an extraordinary 43,759% surge in one day. Meanwhile, the price also tanked to around $30 on January 20 amid massive profit-taking.

川普的價格從 1 月 18 日的 0.1824 美元飆升至當天約 80 美元的歷史新高。這意味著一天內暴漲 43,759%。同時，由於大量獲利了結，1 月 20 日價格也跌至 30 美元左右。

This sell-off saw addresses within the so-called “conspiracy group” — those who only sold and never bought — dump over $310 million worth of the token.

在這次拋售中，所謂的「陰謀集團」內的地址（那些只出售而從未購買過的人）拋售了價值超過 3.1 億美元的代幣。

TRUMP Meme Coin Inspires a Trading Frenzy

川普模因幣引發交易狂潮

The TRUMP meme coin sparked a massive influx of new traders into the crypto market. According to on-chain data, the token attracted a staggering 929,543 new on-chain traders in the first four days following its launch.

川普迷因硬幣引發了大量新交易者湧入加密貨幣市場。根據鏈上數據，該代幣在推出後的前四天就吸引了驚人的 929,543 名新鏈上交易者。

At the peak of this frenzy, an average of 42,208 new traders joined the market every hour on January 18. This surge in activity was driven by the coin’s wild price fluctuations and the attention it garnered on social media and trading forums.

在這場狂熱的高峰期，1 月18 日平均每小時有42,208 名新交易者加入市場。的。

However, after this initial surge, the trading activity quickly fizzled out. By January 22, the number of new traders joining the market had fallen to just 1,383 per hour.

然而，在最初的激增之後，交易活動很快就消失了。截至 1 月 22 日，每小時加入市場的新交易者數量已降至 1,383 人。

This sharp decline in activity suggests that the hype surrounding TRUMP may have subsided, or that the astronomical prices and volatility scared off potential traders.

活動的急劇下降表明圍繞川普的炒作可能已經消退，或者天文數字的價格和波動性嚇跑了潛在的交易者。

With the dust settling and hot money exiting the market, the number of active TRUMP holders has slowly decreased from a peak of 852,000 to around 770,000.

隨著塵埃落定和熱錢退出市場，活躍的TRUMP持有者數量從高峰的85.2萬慢慢減少到77萬左右。

Some Laugh, Others Cry: Analyzing TRUMP's PNL Distribution

有人笑，有人哭：分析川普的損益分佈

The enthusiasm for TRUMP was not without its casualties. The majority of holders found themselves facing losses as the coin’s price fluctuated wildly.

對川普的熱情也並非沒有損失。由於代幣價格劇烈波動，大多數持有者發現自己面臨損失。

To put this in perspective, the distribution shows that the overwhelming majority of traders fell into the losing category, with many facing small to mid-range losses.

從這個角度來看，分佈顯示絕大多數交易者屬於虧損類別，其中許多人面臨小額到中等損失。

A closer examination reveals that one address in particular managed to cash in on TRUMP in a big way, accumulating a staggering profit of 2.2 billion TRUMP. At current prices, this translates to an astronomical gain of approximately $94 million.

仔細一看，有一個地址尤其成功地利用了川普的套現，累計獲利高達22億川普。以目前價格計算，這相當於約 9,400 萬美元的天文數字收益。

Meanwhile, another address managed to net a tidy profit of 1.1 billion TRUMP, or roughly $47 million. These two fortunate traders had an uncanny ability to buy low and sell high, capitalizing on the explosive price movements during the meme coin’s brief, intense rally.

同時，另一個地址成功淨賺了 11 億川普，約 4,700 萬美元。這兩位幸運的交易者擁有不可思議的低買高賣能力，利用了迷因幣短暫而劇烈的上漲期間爆炸性的價格走勢。

TRUMP Whales Influence Price Movements, Capitalize on Dip

王牌鯨魚影響價格走勢，利用下跌機會

On-chain data further reveals that TRUMP whales played a crucial role in influencing the token’s price movements. On January 18, whales began building positions in the token, only to reduce their holdings rapidly by January 20.

鏈上數據進一步表明，川普鯨魚在影響代幣價格走勢方面發揮了至關重要的作用。 1 月 18 日，鯨魚開始建倉該代幣，但到 1 月 20 日迅速減持。

For context, this was the inauguration day of Trump as the 47th U.S. president. The TRUMP meme coin tanked by over 50% on this day to trade at $35.

就背景而言，這是川普作為第 47 任美國總統的就職日。川普迷因幣當天下跌超過 50%，交易價格為 35 美元。

Interestingly, these whales bought back in at lower levels as the price dropped. They capitalized on the dip before trimming their positions during the subsequent rebound. At press time, TRUMP has settled around $43, up by 23%.

有趣的是，隨著價格下跌，這些鯨魚以較低的價格回購。他們利用了下跌的機會，然後在隨後的反彈期間削減了頭寸。截至發稿時，川普結算價約 43 美元，上漲 23%。