川普 Meme 幣崩盤顯示 MAGA 與加密貨幣之間的聯盟不穩定

加密貨幣產業正處於鼎盛時期。那是周五晚上，最有名氣的球員們在安德魯·W·梅隆禮堂親吻，參加第一屆總統就職典禮加密舞會

The cryptocurrency industry had high hopes for the Trump administration, especially after several key players in the crypto space met with the president-elect during the transition and helped organize the first-ever presidential inauguration Crypto Ball. But Trump’s decision to launch his own cryptocurrency, $TRUMP, left a sour taste in the mouths of many crypto enthusiasts.

加密貨幣行業對川普政府寄予厚望，特別是在加密貨幣領域的幾位關鍵參與者在過渡期間與當選總統會面並幫助組織了有史以來第一次總統就職典禮加密球之後。但川普推出自己的加密貨幣$TRUMP的決定讓許多加密貨幣愛好者心生不滿。

The cryptocurrency, which was announced by Trump on his Truth Social platform on Friday evening, is a pool of 20 million “meme coins” that fans can buy and trade on the Solana blockchain. The launch came as a surprise to many at the Crypto Ball, who were expecting Trump to use the event to highlight and legitimize cryptocurrencies as a serious form of digital commerce. Instead, they got Trump shilling his own meme currency, which is more akin to Dogecoin—the namesake for the already-inefficient Department of Government Efficiency—than anything else.

週五晚上，川普在他的 Truth Social 平台上宣布了這種加密貨幣，它是一個由 2000 萬枚「模因幣」組成的池，粉絲可以在 Solana 區塊鏈上購買和交易。這次發布令加密舞會上的許多人感到驚訝，他們原本期望川普利用這次活動來強調加密貨幣並將其合法化為一種嚴肅的數位商務形式。相反，他們讓川普先令自己的迷因貨幣，這種貨幣更類似於狗狗幣——本來就效率低下的政府效率部的同名——而不是其他任何東西。

After the announcement, several crypto figures expressed disappointment and concern. Investor Nic Carter, who was a guest at the ball, told Politico that the $TRUMP launch was an “absolutely preposterous” move that was “plumbing new depths of idiocy.” (As he later wrote on X: “Trump rugged all of his biggest fans by dropping his memecoin during the crypto ball when we were all sloshed.”) YK Pek, a crypto consultant, claimed on X that Trump “has the wrong people in his ear re crypto policy.” ZeroLend co-founder Gafoor Khan referred to the memecoin situation as “heartbreaking,” while the influencer Ash Crypto groused, “Our industry is a fcking joke.” In a conversation with news outlet the Block, the CEO of the research firm Two Prime Digital Assets declared that the Trump meme coin would “bring us more towards a crypto casino than true reform.”

消息公佈後，多位加密貨幣人士表達了失望和擔憂。舞會嘉賓投資者尼克卡特 (Nic Carter) 告訴 Politico，推出 $TRUMP 是一個「絕對荒謬」的舉動，「將愚蠢推向新的深度」。 （正如他後來在X 上所寫的那樣：「當我們都喝得酩酊大醉時，川普在加密舞會上丟下了他的迷因幣，這讓他所有最忠實的粉絲都生氣了。 ZeroLend 聯合創始人 Gafoor Khan 稱 memecoin 的情況“令人心碎”，而影響者 Ash Crypto 則抱怨道，“我們的行業就是一個他媽的笑話。”在與新聞媒體 The Block 的對話中，研究公司 Two Prime Digital Assets 的執行長宣稱，川普迷因幣將「讓我們更多地走向加密賭場，而不是真正的改革」。

The jitters intensified on Sunday afternoon when first lady Melania Trump announced her own “Melania Meme” launch via Truth Social—a new $MELANIA meme coin that is also tradable on the Solana blockchain. Martin Shkreli predicted that it’s “basically over for all crypto for a while.” The investment manager Michael A. Gayed referred to the meme coins as “A FUCKING DISGRACE.” CNBC Africa TV host Ran Neuner accused the presidential family of “grifting at the expense of the entire crypto community.” There were many such cases. The investment bank TD Cowen even worried that the meme coin uproar could distract Congress from passing the type of industry-friendly legislation for which crypto executives had so fervently lobbied.

週日下午，第一夫人梅拉尼婭·特朗普(Melania Trump) 宣布通過Truth Social 推出她自己的“Melania Meme”，這是一種新的$MELANIA Meme 代幣，也可以在Solana 區塊鏈上交易，人們的緊張情緒進一步加劇。 Martin Shkreli 預測，「所有加密貨幣基本上已經結束一段時間了」。投資經理邁克爾·A·蓋德 (Michael A. Gayed) 將模因幣稱為“他媽的恥辱”。 CNBC 非洲電視台主持人 Ran Neuner 指責總統家族「以犧牲整個加密貨幣社區為代價行賄」。這樣的例子還有很多。投資銀行 TD Cowen 甚至擔心，迷因幣的風波可能會分散國會的注意力，讓國會無法通過加密行業高管如此熱切遊說的有利於行業的立法。

The fears had not subsided by the time Trump was sworn in, especially since the reelected president didn’t mention cryptocurrencies once during his speech. Still, the foot soldiers fell right back into line on Tuesday after the new administration made some welcome moves: enshrining a new “crypto task force,” under the aegis of the once-crypto-hostile Securities and Exchange Commission, that would seek industry input on regulatory matters; and granting a presidential pardon to Ross Ulbricht, the onetime operator of the infamous dark-web drug marketplace Silk Road. (Ulbricht’s early adoption of Bitcoin, both within Silk Road and outside it, made him a folk hero to crypto enthusiasts.) Trump himself, at a Tuesday press conference, had just this to say about $TRUMP: “I don’t know where it is. I don’t know much about it, other than I launched it.”

到川普宣誓就職時，這種擔憂尚未消退，特別是這位連任總統在演講中一次都沒有提到加密貨幣。儘管如此，在新政府採取了一些受歡迎的舉措後，週二，步兵們又回到了陣地：在曾經對加密貨幣充滿敵意的證券交易委員會的支持下，成立了一個新的「加密貨幣特別工作組”，該委員會將尋求行業的意見關於監管事宜；總統赦免臭名昭著的暗網毒品市場「絲綢之路」的前經營者羅斯·烏布利希 (Ross Ulbricht)。 （烏布利希在絲綢之路內外都早期採用了比特幣，這使他成為加密貨幣愛好者的民間英雄。）川普本人在周二的新聞發布會上對$TRUMP 進行了這樣的評價： 「我不知道在哪裡這是。除了我發起了它之外，我對此了解不多。

Extremely misleading headlinerather disappointed. I repurchased my position after seeing the clipfor those who havent https://t.co/6iM7gHGeHP pic.twitter.com/Yax8I3UYFH

極具誤導性的標題相當令人失望。我在看到剪輯後重新購買了我的職位（對於那些沒有看過的人）https://t.co/6iM7gHGeHP pic.twitter.com/Yax8I3UYFH

The crypto-world drama that Trump’s team spurred with this meme coin gambit is indicative of an ever-present tension between the once-crypto-skeptical Trump and his newfound armies of single-issue loyalists.

川普團隊用這種迷因硬幣策略引發的加密世界戲劇表明，曾經對加密持懷疑態度的川普和他新成立的單一問題忠誠者大軍之間始終存在緊張關係。

The more bitter crypto traders aren’t wrong to suspect possible Trumpian self-enrichment via digital money. Much of $TRUMP’s supply is held by two companies: Fight Fight Fight LLC, a firm established in Delaware earlier this month; and CIC Digital, a branch of the Trump Organization. $MELANIA is sold by MKT World LLC, the company that Melania Trump established after her husband’s first term in order to hawk NFTs and other digital “collectibles.” As the New York Times has noted, MKT World shares an address with the Florida-based Trump International Golf Club.

更尖酸刻薄的加密貨幣交易員懷疑川普可能透過數位貨幣實現自我致富，這並沒有錯。 $TRUMP 的大部分供應由兩家公司持有：Fight Fight Fight LLC，一家本月稍早在特拉華州成立的公司；以及川普集團的分支機構 CIC Digital。 $MELANIA 由 MKT World LLC 出售，該公司是梅拉尼婭·川普在丈夫第一個任期後成立的，旨在兜售 NFT 和其他數位「收藏品」。正如《紐約時報》所指出的，MKT World 與佛羅裡達州的川普國際高爾夫俱樂部共享地址。

More to that point, many of the companies whose leaders had lobbied Trump and sponsored the Crypto Ball began listing $TRUMP on their exchanges over the weekend: Coinbase, Robinhood, and Kraken, the latter of which also listed $MELANIA. (All of their mobile apps saw a spike in downloads after the first meme coin launch.) Detractors had also expressed suspicion that $TRUMP’s sudden launch was timed specifically to allow traders who weren’t at the ball to buy up the tokens first and push up

更重要的是，許多其領導人曾遊說川普並贊助加密球的公司週末開始在其交易所上市 $TRUMP：Coinbase、Robinhood 和 Kraken，後者也上市了 $MELANIA。 （在第一個meme 代幣推出後，他們所有的行動應用程式的下載量都出現了激增。）批評者還表示懷疑，$TRUMP 的突然推出是專門為了讓不在場的交易者首先購買這些代幣並推動其發展。