旨在纪念美国总统唐纳德·特朗普的第二任总统的官方特朗普令牌

旨在纪念美国总统唐纳德·特朗普（Donald Trump）的第二任总统的官方特朗普代币在发射时立即受到打击。

The official TRUMP token, designed to commemorate US President Donald Trump’s second presidency, was an instant hit upon launch. The token surged from less than $10 on January 18th to a high of $74.59 on January 20th before quickly surrendering some gains within hours.

旨在纪念美国总统唐纳德·特朗普（Donald Trump）的第二任总统的官方特朗普代币在发射时立即受到打击。代币从1月18日的不到10美元飙升至1月20日的74.59美元的高点，然后迅速在几个小时内投降了一些收益。

Although the token remained competitive days after the president’s inauguration, by trading above $30, it quickly faded under pressure. TRUMP dipped below $20 on February 2nd, and it’s now trading at $10.

尽管代币在总统就职典礼后的几天保持竞争激烈，但交易以上的交易超过30美元，但在压力下迅速消失了。特朗普在2月2日下跌低于20美元，现在的交易价格为10美元。

Observers say that the broader crypto market and TRUMP’s token are crashing. However, TRUMP’s crash is not without controversy—10x Research has disclosed that there was “insider play” before the coin’s massive drop. While most traders lost billions of dollars during its crash, a sizeable number of early investors cashed in for huge profits.

观察者说，更广泛的加密市场和特朗普的代币正在崩溃。但是，特朗普的崩溃并非没有争议-10倍的研究揭示了在硬币大量下降之前有“内部玩法”。尽管大多数交易者在撞车事故中损失了数十亿美元，但大量的早期投资者赚了大量利润。

Early Investors Cash Out Before Listing In Major Exchanges

早期投资者在大规模交易所上市之前兑现

According to 10x Research, most early investors cashed out just before major exchanges listed the coin, as its value moved past $60 and briefly hit $70. The coin’s rapid surge in price was welcomed by everyone, with the early investors getting the best seats in the house. After its quick rise, TRUMP suffered a massive drop. From the low $20s, it’s now trading at $10, leaving retail and small traders with losses.

根据10倍研究，大多数早期投资者在大型交易所列出硬币之前就兑现了，因为其价值超过60美元，并短暂地达到了70美元。每个人都欢迎硬币的迅速价格上涨，早期的投资者获得了房屋中最好的席位。迅速上升后，特朗普遭受了巨大的下降。从20美元的低价开始，它的交易价格为10美元，零售业和小型商人造成损失。

Losses related to the TRUMP price drop are reminiscent of previous bearish cycles, including the 2021 NFTs boom and bust. With the TRUMP token, the value significantly dropped within the week. By looking at the bigger picture, TRUMP token shed more than 80% since its peak last January. And on-chain data suggests that early investors quickly liquidated their positions, with retail and small traders used as pawns.

与特朗普价格下跌有关的损失让人联想到以前的看跌周期，包括2021 NFTS繁荣和胸围。随着特朗普令牌，该价值在一周内大大下降。通过查看更大的局面，特朗普的代币自去年1月的顶峰以来就占据了80％以上。链上的数据表明，早期的投资者迅速清算了他们的头寸，零售和小型商人用作典当。

Solana Chain Takes A Hit

Solana Chain受到打击

The Solana ecosystem is one of the biggest losers in the token’s crash. Aside from TRUMP, a few other Solana-based tokens faced selling pressure, including Raydium’s RAY token, which dropped by 60% in the last month.

Solana生态系统是令牌崩溃中最大的失败者之一。除了特朗普外，其他一些基于Solana的代币还面临销售压力，包括Raydium的Ray代币，上个月下降了60％。

Even Solana’s native token, SOL, dropped by over 40% over the same period. The drop in value for SOL-based tokens suggests that the interest in meme coins or speculative tokens is waning.Pump.fun Also Sees Dramatic Shift

甚至索拉纳（Solana）的本地令牌Sol，同一时期也下降了40％以上。基于SOL的令牌的价值下降表明，对模因硬币或投机令牌的兴趣正在减弱。

Pump.fun, another leading meme coin platform, has also witnessed a dramatic drop in network activity. Over the past year, this platform processed 8.4 million meme coin launches, peaking days ahead of Trump’s inauguration.

另一个领先的模因硬币平台Pump.Fun也见证了网络活动的急剧下降。在过去的一年中，这个平台处理了840万个模因硬币，在特朗普就职典礼之前达到顶峰。

From Christmas season to early January, up to 1.7 million meme tokens were launched on Pump.fun. However, the daily launches on Pump.fun have dropped. Also, participation rates have fallen on this platform, reflecting declining interest on this asset class.

从圣诞节到1月初，在Pump.Fun上发布了多达170万个模因令牌。但是，每日发射在pump.fun上下降了。此外，参与率也下降了这个平台，反映了该资产类别的利息下降。