特朗普令牌解鎖是一群人（通常是項目團隊成員，早期投資者或顧問）將其分配給的令牌

令牌解鎖的是，一群人（通常是項目團隊成員，早期投資者或顧問）免費或以較低的價格分配給他們的代幣

A group of people—usually project team members, early investors or advisors—receive their allocated tokens for credit or at a lower price after a predetermined amount of time and are allowed to sell them. Token unlocks are a way for project founders to guarantee to investors that they won’t do a rug pull—a common scam in which a memecoin project’s team members dump their holdings at once, tanking the token’s price and leaving investors holding the bag.

一群人（通常是項目團隊成員，早期投資者或顧問）將其分配給信貸的代幣或以較低的價格出售，並在預定的時間後以較低的價格出售，並被允許出售。令牌解鎖是項目創始人向投資者保證不會進行地毯的一種方式，這是一個常見的騙局，其中Memecoin Project的團隊成員立即將其持有，使代幣的價格下跌並讓投資者持有袋子。

But while investors had been fearing that the new tranches of tokens would be sold immediately, the crypto analysis firm Chainalysis said that no activity of that nature had been detected yet.

但是，儘管投資者一直擔心新的代幣將立即出售，但加密分析公司鏈分析表示，尚未發現這種性質的活動。

“As of 1 p.m. ET on Monday, Chainalysis hasn't detected any on-chain actions from the creators of $Trump coins,” the firm told Fortune.

該公司告訴《財富》，“截至週一，截至週一，鏈條分析尚未發現$特朗普硬幣的創建者的任何鍊子行動。”

That finding suggests that the token team’s perceived commitment to the project has sparked increased confidence in the token’s longevity, leading investors to return en masse over the weekend, Dylan Bane, an analyst at research firm Messari, told Fortune.

這一發現表明，代幣團隊對該項目的承諾引發了人們對代幣壽命的增強信心，這使投資者在周末返回大批貨幣。

“Because the price hasn't gone down and a large-scale sale has not occurred, the markets might be pricing in the possibility that the Trump team just chooses to hold on to these tokens,” Bane said.

貝恩說：“由於價格尚未下跌，而且沒有進行大規模銷售，因此市場可能是因為特朗普團隊選擇堅持這些代幣的可能性。”

However, this does not mean that the team behind the token won’t ever sell, Bane added. While there were 200 million tokens released for the launch in January, there are staggered unlocks scheduled every few months until 2028, when the total supply of tokens will reach 1 billion.

但是，這並不意味著代幣背後的團隊永遠不會出售。雖然一月份發布了2億個令牌，但預定每隔幾個月就有交錯的解鎖，直到2028年，屆時代幣的總供應將達到10億。

“There's a lot more to be unlocked,” Bane said. “So, if the price goes down, that's not in the team's interest since most of their tokens are not unlocked yet.”

貝恩說：“還有很多要解鎖的。” “因此，如果價格下跌，那不符合團隊的利益，因為他們的大多數令牌尚未解鎖。”

Investors’ anxiety with Trump’s memecoin may be justified. The coin’s entry into the market was tumultuous, skyrocketing from $1.21 to $75.35 within its first two days, reaching a total market cap of $14 billion. But the coin’s price began to plummet soon after, and it has lost 90% of its value since Jan. 19. The token’s price now sits at $8.28.

投資者對特朗普的紀念物的焦慮可能是有道理的。硬幣的進入市場是動蕩的，在頭兩天內從1.21美元上漲至75.35美元，達到了140億美元的總市值。但是硬幣的價格不久之後開始下降，自1月19日以來，它的價值損失了90％。代幣的價格現在為8.28美元。

In the aftermath of the launch, investors lost more than $2 billion, according to an analysis by Chainalysis for The New York Times. Meanwhile, Trump-affiliated entities have produced $350 million in revenue from trading fees and selling the token itself, according to an analysis conducted by the Financial Times.

紐約時報的鏈分析分析顯示，在發布後，投資者損失了超過20億美元。同時，根據《金融時報》進行的一項分析，與特朗普相關的實體從交易費用獲得了3.5億美元的收入，並出售了代幣本身。

According to the memecoin’s website, two Trump-affiliated entities—CIC Digital and Fight Fight Fight—will own 80% of the 1 billion total $Trump tokens once they are all unlocked in 2028. That would mean, at its current price, Trump’s team stands to walk away from the project with a profit in the billions of dollars.

根據Memecoin的網站，兩個特朗普附屬實體（CIC Digital and fight戰鬥）將在2028年全部解鎖10億美元的$特朗普代幣中擁有80％。

It's unclear how much of the token Trump and his family own directly, if at all.

目前尚不清楚特朗普和他的家人有多少直接的，如果有的話。