特朗普：激烈的发射，同样迅速的跌倒

2025年1月19日，$特朗普的代币以73.43美元的价格达到了顶峰。当时，唐纳德·特朗普（Donald Trump）准备再次成为总统，他对加密货币的热情是不可否认的。

Everything had started well for the $TRUMP token: a spectacular surge, open support from the former president, and promises of digital greatness. But barely three months later, the rocket crashes. April 18 marks a brutal turning point with the unlocking of 40 million tokens. Result: a 90% plunge since the January peak. A reminder that digital dreams can quickly turn into financial nightmares… especially when politics joins the party.

对于$ trump代币来说，一切都很好：壮观的激增，前总统的开放支持以及数字伟大的承诺。但仅仅三个月后，火箭坠毁。 4月18日是一个残酷的转折点，解锁了4000万个令牌。结果：自一月峰以来90％的跌幅。提醒您，数字梦想可以迅速变成财务上的噩梦……尤其是当政治加入党时。

TRUMP: a blazing launch, an equally rapid fall

特朗普：激烈的发射，同样迅速的跌倒

On January 19, 2025, the $TRUMP token reached its peak at $73.43. At the time, Donald Trump was preparing to become president again, and his enthusiasm for cryptos was evident. “I LOVE $TRUMP – SO COOL!!!“, he declared on Truth Social. The effect was immediate: euphoria took over the markets, wallets swelled, and traders were already talking about a future dominated by presidential tokens.

2025年1月19日，$特朗普的代币以73.43美元的价格达到了顶峰。当时，唐纳德·特朗普（Donald Trump）准备再次成为总统，他对加密货币的热情很明显。 “我爱$ trump - 太酷了！！！”，他宣称真相社交。效果是直接的：Euphoria接管了市场，钱包膨胀了，商人已经在谈论由总统代币主导的未来。

But on April 18, the mood soured. A batch of 40 million tokens — valued at $309 million — was released on the market, causing the price to plummet. In one day, the token’s value dropped to less than $8. To put this fall into perspective, the token is now trading at around $9, having lost nearly 90% since the beginning of the year. To make matters worse, this release represents only 20% of the total supply. More waves of unlocking are planned over the next few months, enough to shake the remaining optimistic holders.

但是在4月18日，心情恶化了。市场上发布了一批4000万个令牌（价值3.09亿美元），导致价格下降。在一天之内，令牌的价值下降到不到8美元。从今年年初开始，该代币现在的交易量约为9美元左右，损失了近90％。更糟糕的是，此版本仅占总供应量的20％。计划在接下来的几个月内将增加更多解锁的波浪，足以动摇其余的乐观持有者。

Behind the scenes: a murky and very familial structure

幕后：一个模糊而家族的结构

This token is also a family affair. Two entities hold 80% of the supply: CIC Digital LLC and Fight Fight Fight LLC. These names might not ring a bell, but they are directly linked to the Trump universe. CIC Digital belongs to a trust that manages the president’s personal assets. Meanwhile, Fight Fight Fight LLC is co-managed by CIC Digital and a Wyoming-based company.

这个令牌也是家庭事务。两个实体持有80％的供应：CIC Digital LLC和Fight Fight Fight Fight LLC。这些名称可能不会敲响铃铛，但它们与特朗普宇宙直接相关。 CIC Digital属于管理总统个人资产的信任。同时，Fight Fight Fight Fight LLC由CIC Digital和一家位于怀俄明州的公司共同管理。

Even the name sounds like a campaign slogan shouted during an assassination attempt:

甚至这个名字听起来像是一个竞选口号，在暗杀企图中大喊：

Fight! Fight! Fight!

斗争！斗争！斗争！

This lack of transparency is striking, especially in the light of the token’s rapid fall. According to Rob Hadick of Dragonfly, “It’s very strange to have six different groups of holders without knowing who is who. Even in the somewhat opaque memecoin world, this one sets records for organizational fog.”

这种缺乏透明度令人震惊，尤其是鉴于令牌的迅速下降。根据蜻蜓的罗布·哈迪克（Rob Hadick）的说法，“有六个不同的持有人不知道谁是谁，这是非常奇怪的。即使在某种不透明的Memecoin世界中，这也为组织雾的记录创下了记录。”

The implications are clear: the developers have already pocketed an estimated $350 million in profits, mostly through setting up liquidity pools to sell their tokens for USDC. And while investors are collectively losing billions on the token’s collapse, those in the know are quietly making their moves.

含义很明显：开发商已经赚了大约3.5亿美元的利润，主要是通过设置流动性池来出售其代币的USDC。尽管投资者在代币的崩溃中统一损失了数十亿美元，但知识中的人正在悄悄地采取行动。

A presidential crypto strategy? Between boldness and conflict of interest

总统加密战略？在大胆和利益冲突之间

Since his return to the White House, Donald Trump has been presenting himself as a crypto champion. He’s creating a Strategic Reserve of bitcoin, signing decrees to regulate the sector, and actively promoting projects linked to his family. A presidential initiative to regulate… while profiting?

自从返回白宫以来，唐纳德·特朗普（Donald Trump）一直是加密冠军。他正在创建一个战略性的比特币储备，签署了规范该行业的法令，并积极促进与家人相关的项目。一项总统倡议，以监管……在获利的同时？

“Absolutely a relevant factor to consider,” says Ann Koppuzha, a business law professor at Creighton University in Omaha, Nebraska. It’s an understatement.

内布拉斯加州奥马哈市克雷顿大学的商业法教授安·科普扎（Ann Koppuzha）说：“绝对是考虑的重要因素。”这是轻描淡写。

The administration claims that a specialized lawyer is overseeing potential conflicts of interest. But when your name is on the token and you’re signing laws that can boost its price, you really need some nerve to assert that everything is neutral.

政府声称，专业律师正在监督潜在的利益冲突。但是，当您的名字在令牌上并且您签署可以提高价格的法律时，您确实需要有些神经来断言一切都是中立的。

The strategy behind TRUMP seems to be built for the long haul. The planned batch release program for the $TRUMP token will continue for three years. Tokens will be released in several waves, with varying quantities over time—ranging from hundreds of thousands per day to smaller batches. This could maintain constant pressure on the price, encouraging traders to react quickly. But if the bear market persists and investors decide to flee en masse before the next wave, the consequences could be disastrous.

特朗普背后的战略似乎是为了长期而建立的。 $特朗普代币计划的批处理发布计划将持续三年。代币将以几波释放，随着时间的推移数量变化，从每天数十万到较小的批次。这可能会对价格保持持续的压力，鼓励交易者迅速做出反应。但是，如果熊市持续存在，投资者决定在下一波浪潮之前大批逃离，那么后果可能是灾难性的。

In the unpredictable world of crypto, anything is possible. While memecoins have shown a surprising ability to be reborn from the ashes, $TRUMP will this time have to convince beyond the presidential image to persevere. The next big question is how far decentralized finance can be politicized without losing all credibility.

在不可预测的加密世界中，一切皆有可能。尽管Memecoins表现出令人惊讶的从骨灰中重生的能力，但特朗普这次将不得不说服总统的形象超越坚持不懈。下一个大问题是，可以将分散的财务能够政治化多远而不会失去所有信誉。