總統在就職典禮期間未提及加密貨幣後，川普迷因幣崩盤

川普模因幣的推出立即引發了市場熱情。然而，在川普總統週一發表演說後，這些漲幅似乎迅速消失，當時他沒有提及加密貨幣。

The launch of the Trump meme coins saw immediate market enthusiasm. However, those gains appear to have evaporated rapidly following President Trump’s speech on Monday, when he made no mention of cryptocurrency. This omission coincided with a swift downturn in the digital assets’ valuations, leaving many investors questioning whether the recent meme coin boom is now over.

川普模因幣的推出立即引發了市場熱情。然而，在川普總統週一發表演說後，這些漲幅似乎迅速消失，當時他沒有提及加密貨幣。這一遺漏恰逢數位資產估值迅速下滑，讓許多投資者質疑最近的迷因幣熱潮是否已經結束。

According to data gathered in the hours after the inauguration, the Trump meme coin, a Solana-based token, plunged by more than 38 percent within minutes of trading, shedding billions in market capitalization. Simultaneously, the Melania coin experienced a similar fate, dropping nearly 28 percent over the same period. Traders and analysts say the broader cryptocurrency market also took a hit, with Bitcoin retesting lows around the $102,000 mark—an event some attribute to broader uncertainty surrounding the new administration’s stance on digital currencies. So, what happened?

根據就職典禮後幾個小時收集的數據，基於 Solana 的代幣川普迷因幣在交易後幾分鐘內暴跌超過 38%，市值蒸發數十億美元。同時，梅蘭妮亞幣也經歷了類似的命運，同期下跌了近 28%。交易員和分析師表示，更廣泛的加密貨幣市場也受到了打擊，比特幣重新測試了102,000 美元大關附近的低點，這一事件在一定程度上歸因於圍繞新政府對數位貨幣立場的更廣泛的不確定性。那麼，發生了什麼事？

Trump Coin’s Rapid Decline

川普幣的快速下跌

In the lead-up to the inauguration, the Trump meme coin garnered substantial attention. Its surge was fueled partly by speculation that the former president, who had shown an interest in digital currencies during campaign discussions, might address or endorse crypto on a national stage. However, in what some market observers call a “buy the rumor, sell the news” scenario, Trump’s decision not to highlight cryptocurrency during his oath-taking speech sparked concern among traders.

在就職典禮前夕，川普迷因硬幣引起了廣泛關注。其飆升的部分原因是猜測這位前總統在競選討論中表現出對數位貨幣的興趣，可能會在國家舞台上討論或支持加密貨幣。然而，在一些市場觀察家所說的「買謠言，賣新聞」的情況下，川普決定在宣誓演講中不強調加密貨幣，引發了交易員的擔憂。

Shortly after the ceremony, the Trump token fell out of the top 20 cryptocurrencies, slipping to the 23rd position with a market cap of $8.52 billion.

儀式結束後不久，川普代幣就跌出了前 20 名加密貨幣，滑落至第 23 位，市值為 85.2 億美元。

Despite this, its trading volume exceeded $39 billion in a single day, suggesting that both early investors and newcomers cashed out to avoid potential losses. Historical parallels were drawn to a prior election cycle, when a similar category of political tokens witnessed a drastic sell-off—some losing 60 percent of their value within 48 hours.

儘管如此，其單日交易量仍超過 390 億美元，顯示早期投資者和新投資者都紛紛套現以避免潛在損失。歷史與先前的選舉週期有相似之處，當時類似類別的政治代幣經歷了劇烈的拋售——有些代幣在 48 小時內損失了 60% 的價值。

Melania Meme Coin Follows Suit

梅蘭妮亞 Meme 硬幣也緊跟著

Launched by Melania Trump on Monday, the Melania meme coin initially soared over 80 percent, hitting an all-time high of $13.64 before a steep correction set in. While the token's developers touted it as “the only ‘Official Melania Meme’” and saw an influx of buyers, the hype proved short-lived. Trading volume topped $6 billion but did little to stem the sudden 28 percent price drop later in the day. At one point, the coin was down 42 percent from its peak.

週一，梅拉尼婭·川普(Melania Trump) 推出的梅拉尼婭·Meme 代幣最初飆升超過80%，在大幅調整之前觸及13.64 美元的歷史新高。為“唯一的'官方梅拉尼婭Meme'”，由於買家大量湧入，炒作被證明是短暫的。交易量突破 60 億美元，但並沒有阻止當天晚些時候價格突然下跌 28%。該幣一度較高峰下跌 42%。

Melania Trump announced the token's debut on social media, emphasizing that it was intended “for collecting and entertainment purposes only.” Yet the swift rise and fall drew comparisons to other meme coins whose values hinge on community sentiment rather than traditional financial indicators.

梅拉尼婭·川普在社交媒體上宣布了該代幣的首次亮相，並強調其「僅用於收藏和娛樂目的」。然而，這種快速的上漲和下跌與其他迷因幣進行了比較，這些幣的價值取決於社區情緒而不是傳統的財務指標。

For Trump to redeem himself, crypto investors hope he will announce the long-awaited Bitcoin National Reserve. And perhaps, an American crypto Reserve that holds XRP. Anything less will be seen as a disappointment.

為了讓川普贖罪，加密貨幣投資者希望他能宣布期待已久的比特幣國家儲備。也許還有持有 XRP 的美國加密貨幣儲備。任何不足都會被視為令人失望。