川普組織的 Memecoin 計畫：數位財富創造故事

為川普集團創造數十億美元的數位財富始於週五的社群媒體貼文。

Former President Donald Trump’s return to the White House comes amid a crypto boom fueled by his support for the digital assets.

在前總統川普重返白宮之際，他對數位資產的支持推動了加密貨幣的繁榮。

But the slew of recent memecoin launches — including Trump’s own $TRUMP and $MELANIA coins — have triggered fresh skepticism and warnings about scams due to the freewheeling nature of memecoins.

但最近推出的一系列模因幣——包括川普自己的 $TRUMP 和 $MELANIA 幣——由於模因幣隨心所欲的性質，引發了新的懷疑和對詐騙的警告。

Because they are not formal investment vehicles, they are almost entirely unregulated, and anybody can start one under any name at any time, often for free. Platforms like CoinMarketCap that track digital tokens showed dozens of duplicate TRUMP coins.

由於它們不是正式的投資工具，因此幾乎完全不受監管，任何人都可以隨時以任何名義啟動投資工具，而且通常是免費的。像 CoinMarketCap 這樣追蹤數位代幣的平台顯示了數十個重複的川普幣。

Bloomberg News summarized memecoin sales as “the crystallization of ‘greater fool’ investing, of an asset that’s only worth what someone else is willing to pay for it at a given moment in time.”

彭博新聞社將 memecoin 的銷售總結為“‘傻瓜’投資的結晶，一種資產的價值只取決於其他人在特定時刻願意支付的價格。”

“I’m not sure people quite grasp how much of the crypto world is reacting to the Trump memecoin launches,” Molly White, a software engineer and cryptocurrency chronicler, posted on X alongside screenshots from reactions that ranged from frustration to anger.

軟體工程師兼加密貨幣編年史家莫莉懷特(Molly White) 在X 上發布了從沮喪到憤怒等各種反應的屏幕截圖，“我不確定人們是否完全了解加密世界對特朗普模因幣的推出有何反應。

White later told NBC News that the launch of the coins seemed to dash hopes from some that Trump would help further legitimize the crypto industry.

懷特後來告訴 NBC 新聞，這些代幣的推出似乎破滅了一些人的希望，即川普將幫助加密貨幣行業進一步合法化。

“There’s now a fear that people who are not super familiar with this industry will see it as a cash grab and not see all the good uses of crypto that exist,” she said. “They worry this will give crypto a bad name.”

她說：“現在人們擔心，那些不太熟悉這個行業的人會認為這是一種搶錢行為，而看不到加密貨幣存在的所有良好用途。” “他們擔心這會給加密貨幣帶來壞名聲。”

Part of that frustration centered on Trump’s recent emergence as a champion for all things crypto. During his 2024 presidential campaign, Trump made clear his support for crypto, speaking at the annual Bitcoin Conference and pledging to consider creating a “strategic bitcoin reserve” that would see the U.S. purchase billions' worth of the cryptocurrency in a bid to encourage price support and adoption. Trump has also launched a line of NFTs, and his family launched a crypto banking platform last year.

這種挫敗感的部分原因在於川普最近成為加密貨幣領域的擁護者。在2024 年總統競選期間，川普明確表示了對加密貨幣的支持，他在年度比特幣會議上發表講話，並承諾考慮創建“戰略比特幣儲備”，這將使美國購買價值數十億美元的加密貨幣，以鼓勵價格支持和收養。川普也推出了一系列 NFT，他的家族去年推出了一個加密銀行平台。

And Trump’s memecoin looked poised to be a major success, at least at first. The price of $TRUMP took off almost immediately, and by Saturday morning a single coin was trading at $75 — a 650% rise, at least, from its Friday launch price. Crypto enthusiasts who track transactions — many blockchains, including the one used by $TRUMP, are public-facing — reported some holders who had bought in early holding millions of dollars' worth of the token.

川普的迷因幣看起來有望取得重大成功，至少在一開始是這樣。 $TRUMP 的價格幾乎立即飆升，到週六上午，一枚代幣的交易價格為 75 美元——比周五的發行價上漲了至少 650%。追蹤交易的加密貨幣愛好者——許多區塊鏈，包括$TRUMP 使用的區塊鏈，都是面向公眾的——報告說，一些早期購買的持有者持有價值數百萬美元的代幣。

A Trump transition team spokesperson did not immediately respond to a request for comment.

川普過渡團隊發言人沒有立即回應置評請求。

The $TRUMP surge suddenly reversed when another coin came on the scene — from Trump’s own spouse.

當另一枚來自川普自己的配偶的硬幣出現時，川普的飆升突然逆轉。

On Sunday afternoon, Melania Trump’s X account posted that her $MELANIA memecoin was live. Donald Trump’s X account reposted that message.

週日下午，梅拉尼婭·川普 (Melania Trump) 的 X 帳戶發布消息稱，她的 $MELANIA memecoin 已上線。唐納德·特朗普的 X 帳戶轉發了該訊息。

The price of $TRUMP immediately plunged upon $MELANIA’s appearance, with some suggesting demand for one would eat into interest in the other.

$MELANIA 出現後，$TRUMP 的價格立即暴跌，有些人認為對其中一種的需求會削弱對另一種的興趣。

“$MELANIA coin is being viewed as a competitor against $TRUMP coin,” market commentary group The Kobeissi Letter wrote on X. “This has resulted in a sharp drop in demand for $TRUMP.”

“$MELANIA 代幣被視為 $TRUMP 代幣的競爭對手，”市場評論組織《Kobeissi Letter》在 X 上寫道。

Later Sunday, a $BARRON coin also started to trade, further adding to the market concerns. However, $BARRON’s connection, if any, to Trump’s youngest son, Barron, or the Trump family was not clear. No official Trump social media accounts have posted about it.

週日晚些時候，$BARRON 代幣也開始交易，進一步加劇了市場擔憂。然而，$BARRON 與川普最小的兒子巴倫或川普家族之間的聯繫（如果有的話）尚不清楚。川普官方社群媒體帳號尚未發布相關資訊。

As the price of $TRUMP began falling, backlash ensued.

隨著川普美元的價格開始下跌，強烈反對隨之而來。

“Dear @realDonaldTrump : Please fire whoever recommended going forward with the Melania launch today,” Ryan Selkis, a longtime crypto advocate and political conservative, wrote on X on Sunday as the price of $TRUMP began to fall. “1. They don’t know what they’re doing. 2. They cost you a lot of $ and goodwill. 3. They don’t have your interests in mind.”

「親愛的@realDonaldTrump：請解僱所有建議今天繼續推出Melania 的人，」長期加密貨幣倡導者和政治保守派瑞恩·塞爾基斯(Ryan Selkis) 週日在X 上寫道，當時特朗普的價格開始下跌。 「1.他們不知道自己在做什麼。 2.它們花費了你大量的金錢和商譽。 3.他們不考慮你的利益。

By Tuesday, the price of $TRUMP had not recovered from the decline. Still, shortly after Trump’s swearing-in, the combined holdings among the Trump- and Melania-related corporations that launched the coins were worth tens of billions, at least on paper, according to crypto news website CoinDesk — and possibly worth more.

到週二，$TRUMP 的價格尚未從跌勢中恢復過來。儘管如此，根據加密貨幣新聞網站CoinDesk 的數據，在川普宣誓就職後不久，發行這些加密貨幣的與川普和梅蘭妮亞相關的公司所持有的總資產至少在紙面上價值數百億美元，而且可能價值更高。

Because all holders’ wallets, including those of Trump and the coin’s creators, are visible on the blockchain, any transactions they’re involved in will be closely watched. And a large sell-off from those wallets would likely trigger a major price fall, according to Ari Redbord, head of legal and government affairs at TRM Labs, a firm that monitors crypto projects.

由於所有持有者的錢包，包括川普和代幣創造者的錢包，都在區塊鏈上可見，因此他們參與的任何交易都將受到密切關注。監控加密項目的公司 TRM Labs 的法律和政府事務主管 Ari Redbord 表示，這些錢包的大規模拋售可能會引發價格大幅下跌。

But Redbord said Trump’s celebrity adds a factor that’s worth watching.

但雷德博德表示，川普的名氣增加了一個值得關注的因素。

“Obviously Trump, because of who he is, elevates a memecoin launch like nothing we’ve ever seen before,” he said.

他說：“顯然，川普因為他的身份，將模因幣的推出推向了前所未有的高度。”

Trump has released a voluntary ethics document designed to limit private financial interests from shaping his official policy agenda.

川普發布了一份自願道德文件，旨在限制私人經濟利益影響其官方政策議程。

But the president’s

但總統的