特朗普的第二任期以梅塞幣和環境的身份迎來了

特朗普上任政府受到了行動。從他的非常規的傳導方式，通常被視為“非屬性”到雙曲線的方式

For years, crypto struggled to gain meaningful traction in U.S. politics. Trump’s second presidential campaign changed this, and days before he was sworn in his Trump-branded memecoin cemented the fact that crypto is now politically and financially important to the President of the United States.

多年來，加密貨幣一直在努力在美國政治中獲得有意義的牽引力。特朗普的第二次總統競選改變了這一點，幾天前，他在特朗普品牌的紀念中宣誓就職，鞏固了加密貨幣現在對美國總統在政治和財務上的重要事實。

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該社論來自上週的《評論新聞》一周。訂閱每週的新聞通訊，以獲取第二個新聞通訊。

Trump’s Second Term Ushered in With Memecoin Pomp and Circumstance

特朗普的第二任期以梅塞幣和環境的身份迎來了

Trump’s previous administration was action-packed. From his unconventional way of conducting himself, often seen as “unpresidential,” to the hyperbolic way traditional media hyperventilated about him, it felt like you had to follow him closely or miss out on important news events.

特朗普上任政府受到了行動。從他非常規的傳導方式（通常被視為“非統一”）到傳統媒體對他的過度換氣的方式，感覺就像您必須密切關注他或錯過重要的新聞事件。

At the time, crypto really wasn’t important enough to catch Trump’s attention. He did comment on it once or twice, saying he didn’t like bitcoin and thought it was a scam. Other than that, bitcoin and crypto were largely ignored. What a difference four years makes.

當時，加密貨幣確實還不夠重要，無法引起特朗普的注意。他確實對此發表了評論，說他不喜歡比特幣，並認為這是一個騙局。除此之外，比特幣和加密貨幣在很大程度上被忽略了。四年有多麼不同。

If Trump’s first week of his second term is any indication, crypto will be front and center this time around.

如果特朗普第二個任期的第一周有任何跡象，那麼這次加密貨幣將是正面和中心。

The Friday before his Monday inauguration, Trump launched an official memecoin. He did this while the biggest players in U.S. crypto gathered at the Crypto Ball. By all accounts, the pre-inaugural event was one of the best crypto gatherings in recent memory. Industry leaders, euphoric with the anticipation of Trump’s crypto agenda, rubbed shoulders with pro-crypto politicians. Optimism was high, and the U.S.’s crypto future was on the lips of everyone present. In the middle of this event, unbeknownst to almost all at the event, Trump launched his memecoin on Solana.

特朗普在周一就職典禮之前的星期五發起了正式的紀念物。他這樣做了，而美國加密貨幣中最大的球員聚集在加密舞會上。眾所周知，就職前事件是最近記憶中最好的加密聚會之一。欣喜的行業領導人隨著特朗普的加密議程的預期，與親克萊特多政客摩擦了肩膀。樂觀態度很高，美國的加密未來在所有人在場的嘴唇上。在這次活動的中間，幾乎不知道在活動中，特朗普在索拉納（Solana）發起了他的成員。

Broadly speaking, Trump’s memecoin launch was a success for both the project itself and for crypto. TRUMP was the fastest growing memecoin in history. The fastest to reach $1, $5, and $10 billion. It rewarded the perennially onchain, the crypto participants “in the trenches.” It was released on-chain, not through a centralized exchange, so it brought many people from retail into the decentralized, on-chain world.

從廣義上講，特朗普的成員發射對項目本身和加密貨幣都取得了成功。特朗普是歷史上增長最快的成人。最快達到1美元，5美元和100億美元的最快。它獎勵了常年的Chain，即加密參與者“在戰es中”。它是在鏈上發布的，而不是通過集中式交流而發布的，因此它將許多人從零售業帶到了分散的鏈界世界。

It was a success for Solana, which despite slowdowns and failed transactions, handled the crushing increase in traffic admirably. Money poured into Solana. In seven days, Solana has seen a 77% increase in total on-chain stablecoins. Solana’s success put further pressure on its rivals, chief amongst them Ethereum.

對於Solana來說，這是一個成功，儘管交易放緩和交易失敗，但令人欽佩的交通幅度令人欽佩。錢倒入了索拉納。在七天內，索拉納（Solana）的總鏈穩定劑增加了77％。索拉納（Solana）的成功給競爭對手帶來了進一步的壓力，其中包括以太坊。

During and after the launch, even Ethereum’s most ardent supporters didn’t make any claims that Ethereum or one of its L2s could’ve handled the onslaught of traffic as well as Solana did. This coupled with the civil war brewing in Ethereum, makes it hard to be optimistic about Ethereum in the short to medium term. The division in Ethereum is long-term bullish, though, as it forces Ethereum to deal with its shortcomings.

在發布期間和之後，即使以太坊最熱心的支持者也沒有任何聲稱以太坊或其L2s中的一個可以像索拉納一樣處理交通的衝擊。再加上以太坊釀造的內戰釀造，很難在短期到中期對以太坊保持樂觀。但是，以太坊的分裂是長期看漲的，因為它迫使以太坊應對其缺點。

Two days after Trump’s memecoin launched, the Melania memecoin launched. While the Trump coin was largely positive, the Melania coin is probably net negative. It diverted attention away from Trump’s memecoin, undermining confidence in its future value by creating divided focus and suggesting the potential for even greater dilution with future Trump family memecoins. It will be interesting to see how Trump’s crypto team adjusts to the market’s response to MELANIA. They’ve proven to be savvy, hopefully, they’ll learn their lesson.

在特朗普的紀念物推出兩天后，梅拉尼婭·梅克金（Melania Memecoin）推出了。雖然特朗普硬幣在很大程度上是積極的，但梅拉尼亞硬幣可能是淨負面的。它通過創造分裂的重點並提出了與未來的特朗普家庭成員更大的稀釋潛力，從而脫離了特朗普的紀念物，從而破壞了對未來價值的信心。有趣的是，特朗普的加密團隊如何適應市場對梅拉尼亞的反應。希望他們很精明，希望他們能學習教訓。

Perhaps the most important outcome of Trump’s memecoin is the effect on Trump’s net worth. On paper, TRUMP now makes up a material portion of his wealth, possibly a majority of it. If he wants to realize profits from it, he’ll need the crypto market in general to do well. That is to say, he now has billions of reasons to make sure crypto goes up.

也許特朗普紀念因素的最重要結果是對特朗普淨資產的影響。從表面上看，特朗普現在佔他財富的重要部分，可能是其中的大部分。如果他想從中獲得利潤，他將需要加密市場來表現良好。也就是說，他現在有數十億個理由確保加密貨幣上升。

If you are in crypto, it probably wouldn’t hurt to have Trump’s socials on notifications. 2025 is going to be a wild year.

如果您在加密貨幣中，那麼在通知上擁有特朗普的社交可能會不會受到傷害。 2025年將是狂野的一年。