偉大的解鎖：被低估的雪崩

即將發布的3.2億美元的特朗普代幣（定於4月18日）的發行證明了這一點。自從一月份以來，美國總統的官方成人損失了其價值的89％，但這種大規模解鎖引發了一個關鍵的問題：自由投資的資產如何仍然威脅到市場？

The crypto sphere is notorious for its twists and turns that often defy logic. As we approach April 18, the upcoming release of 321 million dollars in Trump tokens is a perfect example of this absurdity.

加密球體以其曲折而臭名昭著，而曲折常常是抗議邏輯。隨著我們4月18日，即將在特朗普代幣中發布3.21億美元是這種荒謬的一個很好的例子。

Though the American president’s official memecoin has lost 89% of its value since January, this massive unlocking threatens to pour fuel on the already burning asset.

儘管自1月以來，美國總統的官方Memecoin損失了其價值的89％，但這種大規模解鎖可能會傾倒已經燃燒的資產。

The great unlocking: an underestimated avalanche

偉大的解鎖：被低估的雪崩

Designed to stabilize crypto projects, the acquisition mechanism sometimes turns into a trap. In the case of the Trump token, 40 million dormant units are about to flood the exchanges.

旨在穩定加密項目，採集機制有時會變成陷阱。就特朗普的代幣而言，有4000萬個休眠單位將淹沒交流。

At $8 per unit, this wave of 321 million represents a tsunami for an already weakened asset. Tokenomist, an acquisition tracking platform, confirms that this event will dominate the week of April 14 to 20, absorbing 61% of the total planned unlocks.

以每單位8美元的價格，3.21億美元的浪潮代表了已經削弱的資產的海嘯。收購跟踪平台Tokenomist證實，該活動將在4月14日至20日的一周中占主導地位，佔計劃中的總數的61％。

Yet, this practice is nothing exceptional. Acquisition periods aim to discipline investors and teams, avoiding hasty sales.

但是，這種做法並不是一件異常的。收購期旨在紀念投資者和團隊，避免倉促銷售。

But here, the timing works against the crypto project. As the Trump token struggles to maintain a semblance of credibility, the sudden influx of liquidity could further undermine its value.

但是在這裡，時間安排與加密項目有關。隨著特朗普的象徵努力保持信譽的表現，突然的流動性湧入可能會進一步破壞其價值。

Recent history offers worrying precedents. In March 2024, the Arbitrum crypto released $2.32 billion in ARB. The result? An 84% drop in a few weeks. A scenario that Trump holders dread, especially since market psychology tends to amplify these shocks.

最近的歷史提供了令人擔憂的先例。 2024年3月，Timum Crypto在ARB中釋放了23.2億美元。結果？幾週內下降了84％。特朗普持有人害怕的情況，尤其是因為市場心理學傾向於擴大這些衝擊。

From euphoria to disillusionment: the shipwreck of a political crypto

從欣快感到幻滅：政治加密的沉船

Everything had started well. On January 19, Trump’s crypto reached $73.43, riding the wave of political news and memecoin fever. But the novelty effect faded as quickly as it appeared.

一切都開始了。 1月19日，特朗普的加密貨幣達到了73.43美元，揮舞著政治新聞和成員發燒的浪潮。但是新穎效果逐漸消失。

Now priced at $8, the asset embodies the excesses of a market where storytelling often prevails over fundamentals.

現在的價格為8美元，該資產體現了一個市場上經常勝過基本面的市場的過度。

Behind the figures lie individual dramas. Chainalysis estimates that 813,000 wallets have suffered losses totaling 2 billion dollars.

這些人物的背後是個人戲劇。鏈分析估計，有813,000個錢包損失了20億美元。

Individual investors, lured by the aura of a political figure, find themselves trapped in extreme volatility. Meanwhile, the project creators are said to have made more than 350 million in profits – a gap that fuels criticism of memecoin ethics.

由政治人物的光環誘使的個人投資者發現自己被困在極端波動中。同時，據說該項目創作者的利潤超過3.5億，這一差距賦予了對Memecoin倫理的批評。

The irony lies in the very nature of the token. Aligned with the image of a man known for his deal-making skills, it now symbolizes the risks of an unregulated market.

具有諷刺意味的是代幣的本質。與一個因其交易技巧而聞名的人的形象保持一致，現在像徵著不受監管的市場的風險。

While Trump himself has oscillated between criticism and support for cryptos, his memecoin embodies a contradiction: a decentralized asset, yet reliant on a centralizing personality.

儘管特朗普本人在批評和對加密貨幣的支持之間進行了振盪，但他的成員體現了一個矛盾：一個分散的資產，但依賴著集中化的個性。

Fascinated by Bitcoin since 2017, Evariste has continuously researched the subject. While his initial interest was in trading, he now actively seeks to understand all advances centered on cryptocurrencies. As an editor, he strives to consistently deliver high-quality work that reflects the state of the sector as a whole.

自2017年以來，Evariste著迷於比特幣，不斷研究該主題。儘管他最初的興趣是交易，但他現在積極尋求了解以加密貨幣為中心的所有進步。作為一名編輯，他努力始終如一地提供反映整個行業狀態的高質量工作。