特朗普如何從特朗普那裡獲利

週日，特朗普總統利用他的社交媒體平台真實社交來推廣他的同名模因硬幣$特朗普。

On Sunday, President Trump took to his social media platform, Truth Social, to continue promoting his eponymous meme coin, $TRUMP.

週日，特朗普總統登上了他的社交媒體平台真實社交，繼續推廣他的同名模因硬幣$ trump。

“The TRUMP coin is doing GREAT and the market is SLUSH. A TRUMP supporter.”

“特朗普硬幣做得很好，市場是泥濘的。特朗普的支持者。”

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The post comes a few days after Trump last promoted $TRUMP on January 17. Buoyed by his impending inauguration, $TRUMP had reached a peak of $75.35 on January 19—a market cap of almost $15 billion for the 200 million coins initially released.

該職位發表了幾天，在特朗普上次在1月17日推出特朗普$。由於他即將就職典禮的鼓舞，特朗普在1月19日達到了75.35美元的高峰，最初發布的2億枚硬幣的市值近150億美元。

However, within a few days of the launch, the price of $TRUMP dropped drastically, plummeting to less than $20 by February 1. More than 800,000 retail investors, including many Trump fans, had collectively lost over $2 billion on $TRUMP. Those losses have only increased as the price continued to decline, sinking to below $11 before Trump's latest post.

但是，在發布後的幾天內，特朗普的價格急劇下降，到2月1日下降到不到20美元。超過80萬零售投資者，包括許多特朗普球迷，總共損失了超過20億美元的特朗普。這些損失只會隨著價格繼續下跌而增加，在特朗普最新職位之前，這些損失下降到11美元以下。

Despite the retail investors’ losses, a select group of large investors were able to rack up huge profits through exquisitely timed transactions.

儘管散戶投資者損失損失，但精選的大型投資者還是能夠通過精確的定時交易獲得巨額利潤。

One trader, known only by the code at the end of their crypto wallet, J9tXv, purchased $1.1 million worth of $TRUMP within 2 minutes of Trump's initial announcement. As the price surged, J9tXv sold their $TRUMP coins rapidly, eventually earning tens of millions in profits. Other large traders purchased hundreds of thousands of coins within minutes of the announcement and then profited by selling them quickly. According to one analysis, “fifty of the largest investors in the coin have made profits in excess of $10 million each.”

一位僅在加密錢包末尾以守則J9TXV結束時聞名的商人，在特朗普最初宣布的2分鐘內購買了價值110萬美元的特朗普。隨著價格上漲，J9TXV迅速出售了他們的$特朗普硬幣，最終獲得了數千萬的利潤。其他大型貿易商在公告後的幾分鐘內購買了數十萬個硬幣，然後通過快速出售。根據一項分析，“硬幣中最大的投資者中有五十個獲得了超過1000萬美元的利潤。”

Experts consulted by WIRED believe the trading behavior of large investors in $TRUMP suggests they were tipped off.

Wired諮詢的專家認為，大型投資者在特朗普$的交易行為表明他們被淘汰了。

“To be that quick off the mark, it’s hard to imagine that they had no forewarning,” said Paul Sibenik, the CEO for CryptoForensic Investigators, a firm that investigates crypto cybercrime. Similarly, John Powers, president of the private investigation agency Hudson Intelligence, suspected “potential advanced insider knowledge.”

“要快速脫穎而出，很難想像他們沒有預警，”對Crypto Cyber​​crime進行了隱型法質研究人員的首席執行官Paul Sibenik說。同樣，私人調查機構哈德遜情報公司（Hudson Intelligence）主席約翰·鮑爾斯（John Powers）懷疑“潛在的高級內幕知識”。

Meme coins, which have no inherent value, are especially vulnerable to “pump-and-dump” schemes where celebrities or others with large audiences hype up a coin as insiders with superior information quickly take profits.

沒有固有價值的模因硬幣特別容易受到“泵和降低”計劃的影響，在這些計劃中，名人或其他有大量觀眾的名人大肆宣傳一枚硬幣作為內部人士，迅速獲得利潤。

Investors in $TRUMP, according to the official website, “"unleash the right to bring a class action lawsuit in relation to the meme coin" or pursue damages based on "deceptive practices" or "misinformation."

根據官方網站的說法，特朗普的投資者“釋放了提起集體訴訟有關模因硬幣的權利”或根據“欺騙性實踐”或“錯誤信息”追求損害賠償。

Popular Information is an independent newsletter dedicated to accountability journalism since 2018. It is made possible by readers who upgrade to a paid subscription.

流行信息是一部獨立的新聞通訊，自2018年以來一直致力於問責制新聞。升級為付費訂閱的讀者使它成為可能。

How Trump profits from $TRUMP

特朗普如何從特朗普那裡獲利

Along with a select group of large investors, the other major winner was Trump himself. An entity owned by Trump, Fight Fight Fight LLC, owns 80% of $TRUMP—about 800 million coins. Right now, those coins are ‘locked’ and cannot be sold by Trump. But, beginning in mid-April, the coins will be unlocked in tranches, which would allow him to sell the coins for cash. Over the course of Trump's presidency, all 800 million coins will be unlocked. Even at $10 per coin, that is an $8 billion windfall. So Trump has a huge incentive now, and in the future, to make sure that the price of Trump does not sink too low.

與一群大型投資者一起，另一個主要贏家是特朗普本人。特朗普擁有的實體，戰鬥鬥爭有限責任公司擁有特朗普的80％，約有8億枚硬幣。目前，這些硬幣已被“鎖定”，也不能由特朗普出售。但是，從4月中旬開始，這些硬幣將被解鎖，這將使他可以出售硬幣以現金。在特朗普擔任總統期間，所有8億硬幣將被解鎖。即使是每枚硬幣10美元，也是80億美元的意外收穫。因此，特朗普現在有一個巨大的激勵措施，將來要確保特朗普的價格不會太低。

Anyone—including foreign governments—can purchase $TRUMP anonymously, boosting the value of the coin and enriching Trump.

任何人（包括外國政府）都可以匿名購買$特朗普，增強硬幣的價值並豐富特朗普。

Trump's Truth Social post on Sunday initially had the desired impact, spiking the price of $TRUMP by more than a dollar in the minutes after posting. As the afternoon wore on, however, $TRUMP relinquished most of its gains.

特朗普在周日的真相社會職位最初產生了理想的影響，在發布後的幾分鐘內，特朗普的價格上漲了一美元。然而，隨著下午的流逝，$特朗普放棄了大部分收益。

No matter what the current price, Trump also earns “revenue derived from trading activities” of $TRUMP. The details of this arrangement are opaque, but analysts told Reuters they believed that Trump-controlled entities earned “between $86 million and $100 million in trading fees” through the end of January.

不管當前的價格如何，特朗普也賺取了$特朗普的“從交易活動中獲得的收入”。這種安排的細節是不透明的，但分析師告訴路透社，他們認為截至1月底，特朗普控制的實體“在8600萬美元至1億美元的交易費之間”。

How Trump monetizes the presidency through $TRUMP

特朗普如何通過$ trump獲利總統

On a basic level, $TRUMP allows Trump to convert the power and prestige of the presidency into cash. Meme coins have no inherent value, and prices are determined by how much buzz and hype their creators can generate. As president, Trump has the largest megaphone in the world, and he is using it to increase interest in $TRUMP.

從基本的角度來看，特朗普允許特朗普將總統職位的權力和聲望轉換為現金。模因硬幣沒有固有的價值，而且價格取決於創作者可以產生多少嗡嗡聲和炒作。作為總統，特朗普擁有世界上最大的擴音器，他正在利用它來增加對特朗普$的興趣。

But there are also slightly more subtle ways Trump is leveraging the presidency to boost the value of $TRUMP. There are tens of thousands of new meme coins minted each day on sites like pump.fun. Almost all of them generate no interest or significant value. Part of this is simply that people never even hear about these coins. But another limiting factor

但是，特朗普正在利用總統職位來提高特朗普的價值。每天在泵。它們幾乎所有人都沒有產生興趣或顯著價值。部分原因是人們甚至從未聽說過這些硬幣。但是另一個限制因素