特朗普模因硬幣拖曳，提醒著加密貨幣的承諾和危險

但是，當特朗普和他的妻子梅拉尼亞（Melania）上週推出了一雙模因硬幣時，加密粉絲的粉絲可能比他們討價還價更多。

Former President Donald Trump and his wife, Melania, have each launched their own meme coin, with $TRUMP and $MELANIA tokens hitting the market last week.

前總統唐納德·特朗普（Donald Trump）和他的妻子梅拉尼亞（Melania）各自發起了自己的模因硬幣，上週以$ trump和$ Melania代幣在市場上上市。

The coins, which have no cash flows or easily defined business purpose, quickly shot up in value. The $TRUMP token’s market value briefly hit $15 billion within hours of its launch on Jan. 17.

沒有現金流或易於定義的商業目的的硬幣迅速產生了價值。特朗普代幣的市場價值在1月17日推出後的幾個小時內短暫達到了150億美元。

Prices for the token have been volatile. When the Trump team followed up with a copycat $MELANIA coin a day later, the Trump coin’s value plunged by more than 40%.

令牌的價格是波動的。當特朗普團隊每天跟進了CopyCat $ Melania硬幣時，特朗普硬幣的價值下降了40％以上。

Today, $TRUMP has a market value of around $7.1 billion, ranking third among meme coins after Dogecoin and Shiba Inu, according to CoinMarketCap, a website that tracks crypto prices. $MELANIA, ranked 17th, has a market value of around $350 million.

今天，$ trump的市場價值約為71億美元，在追踪加密價格的網站CoinMarketCap表示，在Dogecoin和Shiba Inu之後，在Meme硬幣中排名第三。梅拉尼亞（Melania）排名第17，市場價值約為3.5億美元。

Those figures are only for the value of the “circulating supply” of the coins. It is worth noting that only a fraction of the total amount of the coins is available for trading. The rest appears to be owned by the Trumps.

這些數字僅用於硬幣的“循環供應”的價值。值得注意的是，只有硬幣總額的一小部分可用於交易。其餘的似乎由特朗普擁有。

The Wall Street Journal recently put the value of the president’s stake at $30 billion, while noting that number is only theoretical. It said that any attempt to sell the hoard of coins would likely further tank their value.

《華爾街日報》最近將總統股份的價值定為300億美元，同時指出這個數字只是理論上的。它說，任何出售硬幣ho積的嘗試都可能會進一步推動其價值。

It isn’t bad for a week’s work—except that plenty of crypto fans have expressed doubts. “We have pretty much stayed away from meme coins,” said Cathie Wood, manager of the popular tech-focused ARK Innovation ETF (ticker: ARKK), when asked if she would buy the coin on Bloomberg TV. “Is it going to have any utility? We shall see.”

對於一周的工作來說，這還不錯 - 除了很多加密粉絲都表達了懷疑。當被問及她是否會在彭博電視台上購買硬幣時，流行的方舟創新ETF（股票：ARKK）經理Cathie Wood說：“我們幾乎遠離了模因硬幣。” “它將有任何公用事業嗎？我們會看到的。”

The White House didn’t immediately respond to an email from Barron’s seeking comment. Asked about the coin at a recent press conference, Trump seemed to manage only a halfhearted response. “I don’t know much about it, other than that I launched it.” he said. “I heard it was successful.”

白宮沒有立即回复巴倫尋求評論的電子郵件。被問及硬幣在最近的一次新聞發布會上，特朗普似乎只管理了一個半心的回應。 “除了我推出它，我對此一無所知。”他說。 “我聽說這很成功。”

The coins come at an important moment in cryptocurrencies’ bid to go mainstream. For years, the industry has struggled to rekindle the sense of excitement and magic of the early 2020s, when Bitcoin’s (BTC) market value first hit $1 trillion. While crypto never went away, declining prices and scandals such as the implosion of Sam Bankman-Fried’s FTX exchange sapped public interest.

硬幣是在加密貨幣競標主流的重要時刻。多年來，當比特幣（BTC）的市場價值首先達到1萬億美元時，該行業一直在努力重新激發2020年代初的興奮感和魔力。儘管加密貨幣從未消失，但價格下降和醜聞，例如Sam Bankman-Fried的FTX Exchange的內爆，這減少了公共利益。

Now, the new Trump administration promises to create a second golden era for crypto. While the Biden administration took a cautious approach, Mark Uyeda, whom Trump named acting head of the Securities and Exchange Commission on Tuesday, immediately promised to launch a crypto task force led by Commissioner Hester Peirce, one of the agency’s biggest crypto defenders.

現在，新的特朗普政府承諾為加密貨幣創造第二個黃金時代。當拜登政府採取謹慎的態度時，特朗普週二將特朗普任命為美國證券交易委員會代理主管的馬克·烏耶達（Mark Uyeda）立即承諾將發起由該機構最大的加密verle派人士之一Hester Peirce領導的加密特遣部隊。

Under Trump, investors can also look forward to a slew of crypto-focused exchange-traded funds, following the popularity of spot Bitcoin ETFs, which launched in early 2024. Proposals for funds that own XRP, Solana, Hedera. and Litecoin (LTC) are all before the SEC.

在特朗普的領導下，投資者還可以期待一系列以加密貨幣為中心的交易所資金，因為現貨比特幣ETF的受歡迎程度，該資金幣於2024年初推出。有關擁有XRP，Solana，Hedera的資金的提議。和Litecoin（LTC）都在SEC之前。

What is more, crypto may also be at an inflection point in terms of acceptance among everyday investors, who have been slow to add it to traditional portfolios alongside stocks and bonds. Mainstream wealth managers such as Wells Fargo (WFC), Bank of America (BAC), and Morgan Stanley (MS) now allow financial advisors to add Bitcoin to portfolios when clients ask for it.

而且，就日常投資者的接受而言，加密貨幣也可能處於一個拐點，這些投資者的接受程度很慢，他們將其與股票和債券一起添加到傳統投資組合中。主流財富管理人員（例如富國銀行（WFC），美國銀行）（BAC）和摩根士丹利（MS）（MS）現在允許財務顧問在客戶要求時向投資組合添加比特幣。

This week, Bank of America analysts predicted that crypto will become a mainstream asset class by 2027.

本週，美國銀行分析師預測，到2027年，加密貨幣將成為主流資產類別。

Amid all this reason for optimism, it isn’t hard to see why Trump’s meme coins generate mixed feelings. They remind investors not just of crypto’s promise, but its susceptibility to hype and manipulation.

在所有這些樂觀的原因中，不難看出為什麼特朗普的模因硬幣會產生混合的感覺。他們使投資者不僅提醒了加密貨幣的承諾，而且還提醒投資者對炒作和操縱的敏感性。

Haseeb Qureshi, managing partner at crypto fund Dragonfly, described the feelings among crypto fans on the Chopping Block podcast Wednesday.

Crypto Fund Dragonfly的執行合夥人Haseeb Qureshi週三描述了Chopping Block Podcast上的加密粉絲的感覺。

Initial reactions were mixed, he said, with some perceiving $TRUMP as “grifty” but others regarding it as a fun “homage to Trump.”

他說，最初的反應混合在一起，有些人認為特朗普是“ grifty”，但其他人則將其視為“向特朗普致敬”。

But the feeling curdled when Trump tweeted about the follow-on launch of $MELANIA.

但是，當特朗普在推特上發布了$ Melania的後續發佈時，這種感覺就凝結了。

“Everybody hated this,” Qureshi said. “This was like, ‘Oh, Trump sees crypto and meme coins like for-profit universities and steak knives and casinos. This is just another way to monetize the Trump family name’…The pall that it has put over crypto is now pretty clear.”

Qureshi說：“每個人都討厭這個。” “這就像，'哦，特朗普看到加密貨幣和模因硬幣，例如營利性大學，牛排刀和賭場。這只是使特朗普姓氏獲利的另一種方式“……它已經超過加密貨幣的pall現在很清楚。”