川普代幣供應爭議

隨著美國當選總統唐納德·川普於 1 月 17 日推出 $TRUMP memecoin，數位貨幣生態系統陷入瘋狂。

United States President-elect Donald Trump launched the $TRUMP memecoin on January 17. While the memecoin soared to a market capitalization of $25 billion at the peak, several controversies are linked to it.

美國當選總統唐納德·川普於 1 月 17 日推出了 $TRUMP memecoin。

One of these controversies is tied to the number of holders. Multiple explorers show that just 20 addresses hold more than 87% of the $TRUMP tokens.

這些爭議之一與持有人的數量有關。多個瀏覽器顯示，僅 20 個地址就持有超過 87% 的 $TRUMP 代幣。

The market has seen a few traders with unusual growth trends from early exposure to TRUMP. To some market analysts, these are largely insiders within the Presidential inner circle.

市場上已經看到一些交易者因早期接觸川普而呈現出不尋常的成長趨勢。對一些市場分析師來說，這些人主要是總統核心圈的內部人士。

According to market data, the top 20 wallets collectively own 870,202,451.79 TRUMP tokens. This leaves about 12.97% of the remaining supply of 129,797,522.86 tokens in the hands of retail investors. Solscan data shows that a total of 463,876 holders are now linked with the TRUMP token.

根據市場數據，前 20 名的錢包總共有 870,202,451.79 個 TRUMP 代幣。這使得散戶投資者手中剩餘供應量 129,797,522.86 代幣中的約 12.97%。 Solscan 數據顯示，目前共有 463,876 名持有者與 TRUMP 代幣相關聯。

Health and tech specialist Dr Danish called the coin a scam and an embarrassment for Americans. He shared a screenshot that showed large allocations to Creators & CIC Digital.

健康與技術專家丹麥博士稱這種硬幣為騙局，讓美國人感到尷尬。他分享了一張螢幕截圖，顯示對 Creators 和 CIC Digital 的大量分配。

$TRUMP coin is a scam and embarrassing for all US citizens. Essentially, it allowed insiders to snipe the entire supply at launch. We should hope for better from our leaders. Just because the other side is corrupt doesn’t give you a license to do the same. I hope people on… pic.twitter.com/yHgfdQhZqz

川普幣是一個騙局，讓所有美國公民感到尷尬。從本質上講，它允許內部人士在發佈時狙擊整個供應。我們應該希望我們的領導人做得更好。對方腐敗並不代表你就有權利做同樣的事情。我希望人們… pic.twitter.com/yHgfdQhZqz

Infact, the screenshot shows six different wallets belonging to Creators & CIC Digital receiving allocations ranging from 2% to 36% of the total supply. The insight shared also shows a 10% liquidity and another 10% designated for public distribution.

事實上，螢幕截圖顯示了屬於 Creators 和 CIC Digital 的六個不同錢包，其分配量佔總供應量的 2% 到 36% 不等。分享的見解也顯示 10% 的流動性和另外 10% 指定用於公開分配。

Judging by chatter on X, the different tokens associated with the TRUMP token have continued to dump. Per insight from Connor, Trump-linked wallets have collectively sold approximately $500 million worth of the tokens.

從 X 上的討論來看，與 TRUMP 代幣相關的不同代幣仍在繼續拋售。根據康納的見解，與川普相關的錢包總共出售了價值約 5 億美元的代幣。

From what I can see onchain, Trump has sold ~$500M of tokens thus far. The Trump team still controls 85% of supply pic.twitter.com/p4CcRFdrV0

從我在鏈上看到的情況來看，川普迄今已售出約 5 億美元的代幣。川普團隊仍然控制著 85% 的供應 pic.twitter.com/p4CcRFdrV0

The TRUMP Token Price Movement

TRUMP 代幣價格走勢

At the time of writing, the price of TRUMP has jumped to $27.29, up by 536% in the past 24 hours. The token has suddenly defied the current market reality that has seen the price of Bitcoin face temporary rejection at $105,000.

截至撰寫本文時，TRUMP 的價格已躍升至 27.29 美元，在過去 24 小時內上漲了 536%。該代幣突然違背了當前的市場現實，比特幣的價格暫時被拒絕在 105,000 美元。

Historically, memecoins are known to exhibit huge volatility. In the run-up to the election and after, Donald Trump-linked tokens recorded a massive rally. This reflected the sentiment around the president’s victory.

從歷史上看，模因幣表現出巨大的波動性。在選舉前夕和選舉後，與唐納德·川普相關的代幣出現了大規模反彈。這反映了圍繞總統勝利的情緒。

While most of these tokens have maintained a bullish outlook, there is a relative slowdown in their price growth. Market analysts remain cautious that TRUMP may soon reverse the massive rally it has picked since its launch.

儘管大多數代幣都保持看漲前景，但其價格成長相對放緩。市場分析師仍持謹慎態度，認為川普可能很快就會扭轉自推出以來所選擇的大規模反彈。

However, it has a chance to become the next big memecoin if it survives current euphoria phase

然而，如果它能度過當前的欣快階段，它就有機會成為下一個大迷因幣

Regulatory Implications

監管影響

Under the Gary Gensler-led US Securities and Exchange Commission (SEC), related TRUMP token launches may come with some forms of crackdowns.

在加里·根斯勒 (Gary Gensler) 領導的美國證券交易委員會 (SEC) 的領導下，相關的 TRUMP 代幣發行可能會受到某種形式的打擊。

However, it remains uncertain how the next Chairman, Paul Atkins, will manage related speculative trading moving forward. Many community members have flagged the inconsistencies in the token launch and whether it is linked to President Trump.

然而，下一任主席保羅·阿特金斯將如何管理未來的相關投機交易仍不確定。許多社區成員指出了代幣發行的不一致之處以及它是否與川普總統有關。

It is worth noting that the Trump family has experience launching tokens, NFTs, and properly structured DeFi projects like World Liberty Financial. As a result, the due diligence to prevent regulatory backlash might have been put in place.

值得注意的是，川普家族擁有推出代幣、NFT 以及 World Liberty Financial 等結構合理的 DeFi 專案的經驗。因此，防止監管反彈的盡職調查可能已經到位。

This is besides the general immunity that comes from being the President of the United States.

這不包括作為美國總統所享有的一般豁免權。

In addition to this, the team behind the TRUMP token published a disclaimer page that absolved of any form of liabilities. This token launch, however, might serve as a major precedence for what is to come in the next four years.

除此之外，川普代幣背後的團隊也發布了免責聲明頁面，免除了任何形式的責任。然而，這次代幣的發布可能會成為未來四年的一個主要優先事項。

This is not financial advice and should not be taken as such.

這不是財務建議，不應被視為財務建議。