特朗普紀念物：加密貨幣市場上的一場殘酷的音樂椅子遊戲

在這個金融和政治越來越相互交織的世界中，唐納德·特朗普及其兒子們的特朗普成員推出，在市場上引起了衝擊波。

As finance and politics become increasingly intertwined, the launch of the Trump memecoin by Donald Trump and his sons has sent shockwaves through the markets. What began as a crypto branding operation quickly transformed into a cutthroat game of musical chairs, where early traders pocketed hundreds of millions of dollars, leaving behind a wave of disappointed investors. In just a few hours, savvy traders multiplied their bets exponentially, riding a wave of speculation that drove the token's price to $75 before it crashed. While the concept of memecoins is not novel, Donald Trump's direct involvement raises questions about ethics, regulation, and the future of political cryptos.

隨著財務和政治的越來越互動，唐納德·特朗普（Donald Trump）和他的兒子們推出了特朗普的成人，從市場上發動了衝擊波。最初的加密品牌業務迅速轉變為一場音樂椅的殘酷遊戲，早期的交易員賺了數億美元，留下了一陣失望的投資者。在短短幾個小時內，精明的交易者將他們的賭注成倍增長，並揮舞著一波猜測，將令牌的價格推向了75美元，然後才崩潰。雖然Memecoins的概念不是新穎的，但唐納德·特朗普的直接參與引發了有關道德，監管和政治加密貨幣未來的問題。

A winning move for the privileged few

少數特權的勝利舉動

Seconds after Donald Trump announced the launch of the Trump memecoin on social media, an anonymous investor made a massive purchase of 5.9 million tokens at an entry price of 18 cents, a transaction that was recorded on the blockchain and revealed by the crypto analysis firm Arkham Intelligence. This investment quickly grew to $109 million as the token's price surged over the next 48 hours.

唐納德·特朗普（Donald Trump）宣佈在社交媒體上啟動特朗普紀念物的幾秒鐘之後，一位匿名投資者以18美分的價格大量購買了590萬個代幣，這一交易是在區塊鏈上記錄的，並由加密貨幣分析公司Arkham透露了智力。隨著代幣的價格在接下來的48小時內飆升，這項投資很快增至1.09億美元。

This phenomenon was not limited to a single actor; around thirty quick traders collectively made $669 million in just a few days by applying a strategy that is common in this type of volatile asset market. Initial buyers would accumulate tokens en masse at low prices, triggering a wave of speculation, and then they would liquidate their holdings at sky-high prices, leaving behind a multitude of investors who had purchased at excessively high prices.

這種現像不僅限於單個演員。在短短幾天內，大約有30個快速交易者在短短幾天內採用了6.69億美元，通過採用這種揮發性資產市場常見的策略。最初的買家會以低價累積代幣，引發一波猜測，然後他們以高價清算其持股，留下了許多以過高價格購買的投資者。

A financial disaster for the majority of investors

大多數投資者的金融災難

As the Trump token reached its peak at $75, the fall was swift and brutal. Within a few days, its price dropped to $17, resulting in substantial losses for the vast majority of crypto investors. According to Arkham, 813,000 wallets recorded cumulative losses exceeding $2 billion.

當特朗普的象徵達到75美元的高峰時，跌倒迅速而殘酷。幾天之內，其價格下降到17美元，造成了絕大多數加密投資者的巨大損失。根據阿卡姆（Arkham）的說法，有813,000個錢包的累積損失超過20億美元。

This scenario will be familiar to anyone who follows the crypto market closely. The mass sell-off orchestrated by early purchasers accelerated the token's decline. This development left thousands of investors, including ardent Trump supporters, with devalued assets. "This token is a scam," wrote Shawn M. Whitson, a disappointed investor, in a post on the X social network (formerly Twitter) after watching his investment vanish in just a few days.

任何緊隨加密市場的人都將熟悉這種情況。早期購買者精心策劃的大眾拋售加速了令牌的下降。這一發展使包括熱心的特朗普支持者在內的成千上萬的投資者擁有貶值的資產。失望的投資者肖恩·惠特森（Shawn M. Whitson）在X社交網絡（以前是Twitter）的帖子中寫道：“這個令牌是一個騙局。”

Beyond the financial losses, this fiasco highlights the risks of manipulation in crypto markets and the lack of regulation surrounding these new forms of speculation. While Donald Trump and his associates have already earned $100 million in transaction fees, the question of ethics and the exploitation of small crypto investors becomes paramount. Additionally, as the Trump administration pushes for less regulation in the crypto sector, there are growing concerns about a conflict of interest between the president's personal financial interests and upcoming political decisions on cryptos. This episode serves as a clear illustration of the fine line between financial opportunity and economic predation in a market where speed often trumps caution.

除了金融損失外，這場慘敗還強調了加密市場中操縱的風險以及圍繞這些新形式的投機形式的監管。儘管唐納德·特朗普（Donald Trump）和他的同夥已經獲得了1億美元的交易費用，但道德問題和對小型加密投資者的剝削變得至關重要。此外，隨著特朗普政府推動加密貨幣部門的監管減少，人們對總統的個人財務利益與即將到來的有關加密貨幣的政治決定之間的利益衝突越來越擔心。這一集清楚地說明了在速度經常謹慎的市場中財務機會與經濟掠奪之間的細線。