特朗普硬币发行的影响

In the realm of cryptocurrency, a captivating narrative has unfolded recently, intertwining the worlds of politics, technology, and finance. At the heart of this story lies former US President Donald Trump, who has ventured into the crypto domain with his own coin, aptly named TRUMP. This move has sparked a chain reaction, influencing the broader cryptocurrency market and highlighting the interplay between different digital assets.

在加密货币的领域中，最近一个迷人的叙述展开了，交织在一起的政治，技术和金融世界。这个故事的核心是美国前总统唐纳德·特朗普（Donald Trump），他用自己的硬币（恰当地命名为特朗普）冒险进入加密货币领域。这一举动引发了连锁反应，影响了更广泛的加密货币市场，并突出了不同数字资产之间的相互作用。

Trump's Currency Foray: Unveiling TRUMP on Solana

特朗普的货币弹道：揭开特朗普的索拉纳

On the morning of January 8, Trump took to Twitter and his social media platform Truth Social to announce the launch of a meme coin named TRUMP on the Solana blockchain. This move quickly garnered attention, with TRUMP's market value skyrocketing to $16 billion within just four hours. This surge propelled TRUMP to become the second-largest meme coin, trailing only Dogecoin.

1月8日上午，特朗普上了Twitter和他的社交媒体平台真相社交，宣布在Solana区块链上推出了一个名为Trump的模因硬币。这一举动很快引起了人们的关注，特朗普的市场价值在短短四个小时内飙升至160亿美元。这次激增推动了特朗普成为第二大模因硬币，仅落后于狗狗。

The following day, TRUMP's price continued to soar, reaching a market value of $80 billion. This not only surpassed Dogecoin to claim the title of the largest meme coin but also brought TRUMP within striking distance of Solana's (SOL) market value, which stood at $125 billion at the time. Notably, Dogecoin had taken 11 years to achieve a similar level of growth.

第二天，特朗普的价格继续飙升，市场价值达到800亿美元。这不仅超过了Dogecoin声称最大的模因硬币的头衔，而且还将特朗普带到了Solana（Sol）（Sol）市值的惊人距离之内，当时的市场价值为1250亿美元。值得注意的是，Dogecoin花了11年的时间才能达到类似的增长水平。

Solana's native token, SOL, also experienced a surge in response to this positive news. As reported by the New York Post on January 16, Trump was reportedly "open" to the idea of using digital currencies issued in the United States, such as SOL, USDC, and XRP, as strategic reserves. This announcement raised the prospect of spot ETFs for SOL and XRP (Ripple) later this year.

索拉纳（Solana）的本地令牌索尔（Sol）也经历了这一积极新闻的激增。据《纽约邮报》 1月16日报道，据报道，特朗普对使用在美国发行的数字货币（例如SOL，USDC和XRP）作为战略储备的想法“开放”。这一公告提高了今年晚些时候SOL和XRP（Ripple）的现场ETF的前景。

Over the past week, SOL's price has surged by more than 40%, and within the community, there have been increasing calls for SOL to "flip" Ethereum.

在过去的一周中，Sol的价格飙升了40％以上，在社区中，越来越多的呼吁SOL“翻转”以太坊。

Ethereum's Plight: Internal Discord and External Competition

以太坊的困境：内部不和谐和外部竞争

In contrast to Ethereum's stellar performance during the "Trump market" of December last year, this time around, ETH (Ethereum) and its DeFi tokens (LINK, AAVE, ENA, etc.) have fared poorly, especially Ethereum itself.

与去年12月的“特朗普市场”期间以太坊的出色表现相反，这次是ETH（以太坊）及其Defi令牌（Link，Aave，Ena等）的表现较差，尤其是以太坊本身。

As the second-largest cryptocurrency by market value and one of only two cryptocurrencies with spot ETFs, Ethereum's growth rate has not only fallen short of BTC, SOL, and XRP but its fundamentals have also come under fire recently, with the founders of several well-known projects criticizing the chain's high costs and slow transaction speeds.

由于按市场价值计算的第二大加密货币，也是仅有两个具有现货ETF的加密货币之一，以太坊的增长率不仅降低了BTC，SOL和XRP，而且其基本面最近也受到了抨击，最近有几个井的创始人 - 已知的项目批评连锁店的高成本和缓慢的交易速度。

Impact of Trump's Currency Issuance: A Multifaceted Analysis

特朗普发行的影响：多方面的分析

Firstly, it's important to note that TRUMP is not a meme coin issued on a whim via Pump.fun, the largest meme coin issuance platform on Solana, but rather a long-planned collaborative effort involving Solana and several protocols, related projects, and DeFi applications on its chain. This venture, which can be likened to a VC coin in the guise of a meme coin, had several key partners.

首先，重要的是要注意，特朗普不是通过Pump.fun在Quhim上发出的模因硬币。Fun是Solana上最大的模因硬币发行平台，而是涉及Solana和几个协议，相关项目以及Defi的长期计划的合作努力链上的应用。这项冒险可以比作模因硬币的幌子将风险投资比作几个关键合作伙伴。

Jupiter, the largest DEX aggregator on Solana, handled TRUMP's on-chain liquidity. The meme coin trading platform Moonshot provided the frontend trading interface, while the liquidity protocol Meteora was responsible for TRUMP's price feed and market depth. Wintermute, a leading market maker, played a crucial role behind the scenes, handling TRUMP's secondary market liquidity.

木星是Solana上最大的DEX聚合器，他处理了特朗普的链流动性。 Meme硬币交易平台Moonshot提供了前端交易界面，而流动性协议Meteora负责特朗普的价格供货和市场深度。领先的做市商Wintermute在幕后发挥了至关重要的作用，处理了特朗普的二级市场流动性。

It's also worth mentioning that Wintermute is the primary market maker for many high-market-cap meme coins and previously handled the market operations for the well-known meme coin PEPE.

还值得一提的是，Wintermute是许多高市盖模因硬币的主要做市商，并且以前为著名的Meme Coin Coin Pepe处理了市场运营。

Secondly, TRUMP's issuance had a significant "blood-sucking effect" in the short term, draining the market's liquidity and causing the prices of cryptocurrencies outside the Solana ecosystem to plummet. However, TRUMP's deployment on the Solana chain further solidified the market's recognition of the Solana ecosystem.

其次，特朗普的发行在短期内产生了重大的“吸血作用”，从而消耗了市场的流动性，并导致Solana生态系统以外的加密货币价格暴跌。但是，特朗普在Solana链上的部署进一步巩固了市场对Solana生态系统的认可。

Moreover, meme coins and AI coins on the Solana ecosystem also benefited from increased liquidity, boosting the revenue of DeFi protocols on Solana. This wave of enthusiasm also ushered in a surge of new users to the crypto market. Moonshot reported attracting over 400,000 new users in 24 hours.

此外，Solana生态系统上的Meme Coins和AI硬币也从流动性增加中受益，从而增加了Solana的Defi协议的收入。这一热情还吸引了新用户的加密市场。 Moonshot报告说，在24小时内吸引了40万多名新用户。

Finally, on-chain tools like GMGN emerged as beneficiaries, with their revenue briefly surpassing that of Uniswap, the largest DeFi protocol, in the short term.

最后，像GMGN这样的链链工具作为受益人出现，其收入短暂超过了uniswap（在短期内最大的Defi协议）的收入。

Trump's crypto policy promises are also coming to fruition. When combined with Trump's statement at the World Economic Forum in Davos regarding his plans to establish the United States as the "world capital" of AI and cryptocurrency, Trump's own coin issuance signals a relaxed stance on regulating the crypto industry.

特朗普的加密政策承诺也将实现。当与特朗普在达沃斯的世界经济论坛上的声明结合在一起，他的计划将美国建立为AI和加密货币的“世界资本”，特朗普自己的硬币发行标志着对监管加密货币行业的轻松立场。

The Trump family's World Liberty Financial is not only deeply involved in DeFi but also actively deploying RWA (real world assets), which could pave the way for more traditional financial institutions to join the DeFi realm. Additionally, local cryptocurrencies in the United States, such as Solana, Ripple, and Sui, will likely benefit from policy

特朗普家族的世界自由财务不仅参与了DEFI，而且还积极部署RWA（现实世界资产），这可能为更多传统的金融机构加入DEFI领域铺平道路。此外，美国的当地加密货币，例如Solana，Ripple和Sui，可能会从政策中受益