天秤座的兴衰：关于不受监管的加密货币市场风险的警告性故事

加密货币市场对波动，投机趋势和备受瞩目的认可并不陌生，这些趋势通常会导致价格波动。但是，很少有情况像最近涉及阿根廷总统贾维尔·米利（Javier Milei）和天秤座的案件那样引起争议。最初看似热情的认可变成了成千上万投资者的金融灾难，提出了有关加密货币领域影响者的道德责任，金融监管和未经检查的权力的疑问。

Argentine President Javier Milei recently sparked controversy after deleting a tweet endorsing a memecoin called Libra, leading to a market crash and accusations of a “pump and dump” scheme. Here's a summary of the events and their broader implications.

阿根廷总统哈维尔·米利（Javier Milei）最近在删除了一条名为“天秤座的纪念物”的推文后引发了争议，导致市场崩溃并指控“泵和垃圾场”计划。这是事件及其更广泛含义的摘要。

The Rise and Fall of Libra Memecoin

天秤座的兴衰

Launched about two weeks prior to the controversy, Libra memecoin had garnered minimal attention until President Milei posted about it on social media platform X (formerly Twitter). In his post, Milei touted Libra as a financial tool that could benefit Argentina's struggling economy. This unexpected endorsement led to an immediate surge in the token's value, attracting a flood of investors eager to capitalize on the sudden momentum.

在争议前大约两个星期发起，天秤座的Memecoin受到了最小的关注，直到麦利总统在社交媒体平台X（以前是Twitter）上发布了有关它的关注。在他的帖子中，麦莉（Milei）吹捧天秤座作为一种财务工具，可以使阿根廷苦苦挣扎的经济受益。这种意外的认可导致令牌的价值激增，吸引了大量渴望利用突然势头的投资者。

However, the enthusiasm was short-lived. Within hours of posting his endorsement, Milei deleted the tweet, triggering a massive sell-off that saw the token's value plummet. According to blockchain research firm Nansen, an estimated 86% of investors suffered significant losses, totaling a staggering $251 million. Meanwhile, a small group of insiders allegedly made off with $180 million in profits, fueling accusations of market manipulation and unethical behavior.

但是，热情是短暂的。在发布他的认可后的几个小时内，Milei删除了这条推文，引发了大量抛售，使该令牌的价值暴跌。根据区块链研究公司Nansen的数据，估计有86％的投资者遭受了巨大的损失，总计2.51亿美元。同时，据称一小群内部人以1.8亿美元的利润赚了出来，这加剧了市场操纵和不道德行为的指控。

Accusations of a “Pump and Dump” Scheme

指控“泵送”计划

The abrupt rise and fall of Libra memecoin led to widespread speculation that President Milei was involved in a “pump and dump” scheme. In such schemes, an individual or group artificially inflates the price of an asset through promotional tactics before selling their holdings at a high, leaving other investors to suffer losses when the price inevitably crashes.

天秤座纪念物的突然崛起和下降导致人们广泛猜测麦莉（Milei）总统参与了“泵和垃圾场”计划。在此类计划中，个人或团体通过促销策略人为地夸大了资产的价格，然后才以高价出售其持股，而当价格不可避免地崩溃时，其他投资者则遭受损失。

While Milei denied any wrongdoing, critics argue that the on-chain data strongly suggests otherwise. Nansen's report analyzed over 15,000 crypto wallets that participated in Libra trading, highlighting how early investors—presumably insiders—exited their positions at the peak, securing millions in profits.

尽管麦莉否认任何不当行为，但批评家认为，链上的数据强烈建议其他情况。 Nansen的报告分析了15,000多个参与天秤座交易的加密钱包，强调了早期的投资者（可能是内部人士）在峰值上的职位，从而获得了数百万美元的利润。

Nicolai Sondergaard, an analyst at Nansen, stated, “We see very tangible on-chain evidence showing a group of ‘insiders’ unilaterally profiting off of the masses who got involved.” This statement added fuel to the fire, leading to public outrage and calls for an official investigation into the matter.

Nansen的分析师Nicolai Sondergaard表示：“我们看到非常有形的链证据，表明一群“内部人士”单方面从参与的群众中获利。”该声明增加了大火的燃料，导致公众愤怒，并呼吁对此事进行正式调查。

The Role of Trading Bots and Market Manipulation

交易机器人和市场操纵的作用

A significant factor in the rapid rise and collapse of Libra memecoin was the role played by automated trading bots, commonly known as “snipers.” These bots are designed to exploit emerging trends, executing rapid trades based on social media activity and hype cycles. When Milei posted his endorsement, snipers flooded the market, buying up large quantities of Libra, further inflating its price.

自动交易机器人（通常称为“狙击手”）所扮演的角色，天秤座的快速上升和崩溃的重要因素是。这些机器人旨在利用新兴趋势，基于社交媒体活动和炒作周期进行快速交易。当麦莉（Milei）发布他的认可时，狙击手淹没了市场，购买了大量天秤座，进一步夸大了其价格。

However, when Milei deleted the post, the automated systems reversed course just as quickly, triggering a cascading effect that sent the token into freefall. This pattern is common in the crypto space, where trading bots often take advantage of human psychology and market momentum to extract profits before retail investors can react.

但是，当Milei删除该帖子时，自动化系统会迅速逆转课程，从而触发了使令牌变为自由落体的级联效应。这种模式在加密货币领域很常见，在加密货币领域，交易机器人经常利用人类的心理学和市场动力来提取零售投资者可以做出反应之前提取利润。

After Milei's endorsement, and before its value crashed, Libra was trading at about $4.5 billion at its peak, according to CoinMarketCap.

根据CoinMarketCap的数据，在麦利的认可之后，在其价值崩溃之前，天秤座的交易价格约为45亿美元。

After the Crash: Libra's Market Position and Involvement in Milei's Economic Policies

坠机事故发生后：天秤座的市场地位以及参与麦莉的经济政策

Before Milei's endorsement, Libra was an unknown token with minimal trading activity. At its peak, following the presidential endorsement, the token reached a valuation of approximately $4.5 billion. However, in the aftermath of the crash, Libra's value nosedived, leaving it ranked as the 551st largest cryptocurrency, with a market capitalization of just $55 million as of Thursday evening, according to CoinMarketCap data.

在麦莉（Milei）认可之前，天秤座是一个未知的令牌，具有最少的交易活动。在总统认可之后，该代币达到了约45亿美元的估值。但是，根据CoinMarketCap数据，坠机事件发生后，天秤座的价值陈旧，将其排名为第551大加密货币，截至周四晚上，市值仅为5500万美元。

This dramatic decline highlights the risks associated with investing in speculative assets driven by hype rather than fundamental value. Many retail investors who bought into Libra at its peak were left with substantial losses, prompting further scrutiny of Milei's involvement in the affair.

这种巨大的下降凸显了与炒作驱动的投机资产投资相关的风险，而不是基本价值。许多在高峰期购买天秤座的散户投资者遭受了巨大的损失，促使麦利（Milei）参与此事的进一步审查。

Legal and Ethical Ramifications of Milei's Involvement

麦莉参与的法律和道德后果

The controversy surrounding Milei's endorsement of Libra has led to significant political and legal repercussions. Opposition leaders in Argentina have accused him of misleading the public and engaging in unethical financial practices. Some critics have even called for impeachment proceedings, arguing that his actions violated public trust and potentially constituted financial fraud.

围绕麦利对天秤座认可的争议导致了重大的政治和法律影响。阿根廷的反对派领导人指责他误导了公众并从事不道德的财务做法。一些批评家甚至呼吁进行弹each程序，认为他的行为违反了公共信任，并可能构成了财务欺诈。

Legal experts point out that while promoting a cryptocurrency is not inherently illegal, doing so without disclosing vested interests or potential conflicts of interest could constitute market manipulation. The lack of regulatory oversight in the cryptocurrency sector complicates matters, as many existing financial laws do not explicitly cover digital assets.

法律专家指出，在促进加密货币的同时，并非固有地非法，而这样做的情况下没有披露既得利益或潜在的利益冲突可能构成市场操纵。加密货币部门缺乏监管监督会使事情变得复杂，因为许多现有的金融法律并未明确涵盖数字资产。

Economic Landscape Under Milei's Leadership

麦利领导下的经济格局

The Libra controversy comes at a time when Argentina's economy is undergoing significant transformation under President Milei's leadership. Since taking office, Milei has implemented a series of free-market reforms aimed at tackling hyperinflation and fiscal instability. While some of his policies have been praised for preventing economic collapse, others have been criticized for exacerbating wealth inequality and social unrest.

天秤座的争议是在阿根廷经济在米利总统领导下发生重大转变的时候。自上任以来，米利（Milei）实施了一系列旨在应对过度通货膨胀和财政不稳定的自由市场改革。尽管他的某些政策因防止经济崩溃而受到称赞，但其他政策因加剧财富不平等和社会动荡而受到批评。

Argentina has long struggled with economic instability, characterized by high inflation, currency devaluation, and recurring debt crises. Milei, a libertarian economist,

阿根廷长期以来一直在经济不稳定中挣扎，其特征是高通货膨胀，货币贬值和经常性债务危机。麦莉（Milei），自由主义者的经济学家，