一波突出的“模因硬幣地毯”引起了警報，稱當前的“加密”熱潮可能會損害比特幣作為合法的貨幣資產的地位

從阿根廷的$天秤座爭議到特朗普政府促進特朗普代幣，甚至是第一夫人支持的模因硬幣

As President of Argentina Javier Milei from La Libertad Avanza speaks in Buenos Aires, a wave of prominent “meme coin rug pulls” is stirring up conversations. These incidents, ranging from Argentina’s $LIBRA controversy to the Trump administration’s promotion of a $TRUMP token and even a meme coin backed by the First Lady, have made headlines and blurred the lines between bitcoin – which is increasingly positioned to be a foundational element of the 21st-century economy – and speculative pump-and-dump schemes.

作為來自La Libertad Avanza的阿根廷Javier Milei總裁在布宜諾斯艾利斯講話時，一陣著名的“模因硬幣地毯拉斯”浪潮正在激起對話。這些事件從阿根廷的$ libra爭議到特朗普政府晉升的特朗普代幣，甚至是由第一夫人支持的模因硬幣，已經成為頭條新聞，並模糊了比特幣之間的界限- 越來越多地成為比特幣之間的界限- 這越來越有位置的基礎元素。 21世紀的經濟以及投機性的泵和降雨計劃。

However, bitcoin is likely to endure. The fate of Trump’s proposal to reform the regulatory framework for digital assets remains uncertain, as it seeks to provide the essential market structure and regulatory clarity that innovators in finance are yearning for. The administration’s indiscriminate cheering for “crypto” might be counterproductive, serving as a particularly bitter point for the bitcoin community.

但是，比特幣可能會忍受。特朗普改革數字資產監管框架的提議的命運仍然不確定，因為它試圖提供財務創新者所渴望的基本市場結構和監管清晰度。政府對“加密”的濫用歡呼可能會適得其反，這對比特幣社區來說是一個特別痛苦的點。

Moreover, the global liberty movement, which has recently gained traction in political spheres, risks becoming associated with financial misdeeds just when it appeared that responsible leadership had emerged. Milei, a knowledgeable economist and self-proclaimed advocate for sound money, had promised radical actions such as dismantling Argentina’s central bank and advancing the utilization of gold and bitcoin.

此外，最近在政治領域中獲得了關注的全球自由運動，在似乎有負責任的領導層出現時，可能會與財務不當行為相關。麥利（Milei）是一位知識淵博的經濟學家和自稱為“聲音金錢”的擁護者，他承諾採取激進的行動，例如拆除阿根廷的中央銀行並推進了黃金和比特幣的利用。

With successive crypto scams unfolding, the long-held warnings from bitcoin advocates about “crypto casinos” are proving accurate. The fallout from these scams reaches beyond just lost investments. A significant number of new entrants to the market remain oblivious to the distinctions between bitcoin and speculative altcoins, potentially neglecting bitcoin’s promise as a neutral, reliable form of money. It is crucial for influential individuals and policymakers to clearly distinguish between bitcoin and speculative tokens, advocating for bitcoin as the singular digital asset capable of meaningfully supporting large institutions and the global economy.

隨著連續的加密騙局的展開，比特幣倡導者關於“加密賭場”的長期警告是準確的。這些騙局的後果超出了損失的投資。大量新進入市場的新進入者仍然忽略了比特幣和投機替代幣之間的區別，這可能會忽略比特幣作為中立，可靠的貨幣形式的承諾。對於有影響力的個人和政策制定者來說，明確區分比特幣和投機令牌至關重要，提倡比特幣作為能夠有意義地支持大型機構和全球經濟的奇異數字資產。

The Emergence and Collapse of Meme CoinsRecent weeks have witnessed a flurry of activity surrounding meme coins that have stirred both excitement and regret. The following three instances have unsettled markets and consumers, highlighting the dangers of confusing bitcoin with the broader “crypto” landscape.

模因硬幣週的出現和崩潰見證了圍繞模因硬幣的一系列活動，激起了興奮和遺憾。以下三個實例具有不穩定的市場和消費者，強調了使比特幣與更廣泛的“加密”景觀混淆的危險。

The $LIBRA Scandal in ArgentinaIn Argentina, the crypto initiative known as $LIBRA swiftly transformed into a scandal of national proportions. In mid-February, freshly elected President Milei, a self-identified libertarian and bitcoin advocate, expressed his support for the $LIBRA token via a tweet, presenting it as a private venture to invigorate Argentina’s economy. The effect was rapid, with $LIBRA’s price skyrocketing from $0 to nearly $5 as followers and retail investors jumped in.

$ libra在阿根廷阿根廷的醜聞，被稱為$ libra的加密計劃迅速轉變為國家比例的醜聞。 2月中旬，新鮮當選的自由主義者和比特幣倡導者邁利（Milei）通過一條推文表示了對$天秤座代幣的支持，並以私人冒險為促進阿根廷的經濟。效果很快，隨著追隨者和零售投資者的加入，$ libra的價格從$ 0飆升至近5美元。

However, within hours, the token’s value collapsed by over 80%, dropping below $1. Analysis by blockchain experts swiftly revealed the reason: insider wallets offloaded over $107 million in tokens almost immediately following the launch, profiting while ordinary investors watched their investments dissolve. Argentina’s fintech chamber later admitted this resembled a classic “rug pull” scam.

但是，在幾個小時內，令牌的價值跌幅超過80％，下降到1美元以下。區塊鏈專家的分析迅速揭示了以下原因：Insider錢包在發布後幾乎立即卸載了超過1.07億美元的代幣，而普通投資者看著他們的投資解散。阿根廷的金融科技廳後來承認這類似於經典的“地毯拉”騙局。

The political implications were immediate. Opposition lawmaker Leandro Santoro remarked, “This incident, which brings us embarrassment on an international level, necessitates an impeachment motion against the president.” Milei quickly removed his promotional message and distanced himself from $LIBRA, asserting, “I was not aware of the project’s specifics, and upon learning about them, I opted not to continue promoting it.”

政治含義是直接的。反對黨議員萊安德羅·桑托羅（Leandro Santoro）表示：“這一事件使我們在國際上感到尷尬，因此需要對總統提出彈each動議。” Milei迅速刪除了他的促銷信息，並與$ libra保持了距離，他斷言：“我不知道該項目的細節，並且在了解到它們後，我選擇不繼續推廣它。”

For the thousands of investors left in distress, the damage was irreversible. A token endorsed by the country’s highest office turned out to be a rapid pump-and-dump, leading to a deterioration of public trust in crypto ventures and casting a shadow on Argentina’s first economically literate president in a century. This incident demonstrated how reckless crypto speculation can tarnish a leader’s image, devastate everyday investors, and undermine a political movement.

對於成千上萬留下的投資者，損失是不可逆轉的。該國最高職位認可的象徵性是迅速的泵送和下降，導致公眾對加密貨幣風險的信任惡化，並在一個世紀以來對阿根廷第一位經濟識字總統施放了陰影。這一事件表明，魯ck的加密猜測會如何破壞領導者的形象，破壞日常投資者並破壞政治運動。

Trump’s $TRUMP TokenIn the United States, a larger spectacle unfolded, directly involving the highest office. In January, President Donald Trump unveiled an official meme coin called $TRUMP on the Solana blockchain, branded as the “only official Trump meme coin” preceding his inauguration, leveraging his persona and the passion of his supporters.

特朗普的$ trump tokenin美國，一個更大的景象展開，直接涉及最高職位。一月份，唐納德·特朗普（Donald Trump）總統在索拉納（Solana）區塊鏈上宣布了一枚名為$ trump的官方模因硬幣，在他就職典禮之前被稱為“唯一的官方特朗普模因硬幣”，利用​​他的角色和支持者的熱情。

The subsequent hype was striking, even by crypto’s standards. Within days of its launch, $TRUMP surged to a peak market capitalization of over $14.5 billion, briefly trading around $73 per token. This remarkable spike coincided with a lavish “Crypto Ball” event in Washington D.C., hosted by the tech investor and Trump administration’s “Crypto Tsar,” David Sacks.

隨後的炒作令人震驚，即使按照加密貨幣的標準也是如此。在推出後的幾天內，特朗普飆升至市值超過145億美元，短暫交易約73美元。這一引人注目的尖峰恰逢華盛頓特區舉行的豪華“加密球”活動，由科技投資者和特朗普政府的“加密tsar”主持。

However, just a few days later, while weary partygoers nursed post-Crypto Ball hangovers, $TRUMP’s value began to plummet. By early February, merely two weeks post-launch, the token’s price had dropped to about two-thirds of its peak.

然而，僅僅幾天后，當疲倦的聚會者護理了克雷普托·鮑爾（Crypto Ball）宿醉時，特朗普的價值開始下降。到2月初，即將啟動兩週後，令牌的價格已降至其峰值的三分之二。

Data from Chainalysis indicated that 50 prime holders had amassed over $10 million each, while around 200,000 small investors faced losses as the token’s valuation dropped. Insiders profited significantly, while a substantial number of retail MAGA supporters lured by

來自鏈分析的數據表明，每人50個主要持有人已積累了超過1000萬美元，而隨著代幣的估值下降，大約200,000個小型投資者面臨損失。內部人士獲利，而大量的零售雜誌支持者