“特朗普币事件”：四个重要的加密教训

美国总统特朗普发行官方“总统币”TRUMP，不到两天，其市值就突破800亿美元。

On January 18, 2024, at 10:18 AM (EST), former U.S. President Donald Trump announced the launch of his own cryptocurrency, named TRUMP, via his official Twitter account. The token was quickly listed on decentralized exchanges (DEXs) and began trading.

2024 年 1 月 18 日上午 10:18（美国东部时间），美国前总统唐纳德·特朗普通过其官方 Twitter 账户宣布推出自己的加密货币，名为 TRUMP。该代币很快在去中心化交易所（DEX）上市并开始交易。

Within two days, TRUMP's market value soared to over $80 billion, according to Coinmarketcap data. This event, dubbed the "Trump Coin Incident" by cryptocurrency enthusiasts, marked a significant turning point in the industry, accelerating the shift from centralized exchanges (CEXs) to DEXs.

根据 Coinmarketcap 的数据，两天之内，特朗普的市值飙升至超过 800 亿美元。这一事件被加密货币爱好者称为“特朗普币事件”，标志着行业的重大转折，加速了从中心化交易所（CEX）向DEX的转变。

As a participant and observer in this event, I began monitoring TRUMP's price movements from 10:50 AM on January 18, when the token was valued at around $3 billion, to the evening of January 19, when it reached $80 billion. I also engaged in extensive discussions with other cryptocurrency practitioners throughout this period.

作为本次活动的参与者和观察者，我从 1 月 18 日上午 10:50 开始监控 TRUMP 的价格走势，当时该代币的估值约为 30 亿美元，一直到 1 月 19 日晚间达到 800 亿美元。在此期间，我还与其他加密货币从业者进行了广泛的讨论。

Here are some key observations and lessons learned from the "Trump Coin Incident":

以下是“特朗普币事件”的一些重要观察和教训：

1. Opportunities Lie On-Chain: Those who actively engaged with DEX products like Phantom and Jupiter had a higher chance of discovering the TRUMP opportunity early on. Additionally, having sufficient capital on-chain was crucial for achieving optimal returns from this event.

1. 机会就在链上：那些积极参与 Phantom、Jupiter 等 DEX 产品的人更有可能尽早发现 TRUMP 机会。此外，拥有足够的链上资金对于从本次活动中获得最佳回报至关重要。

2. Speed Matters: The TRUMP token was launched around 10 AM on January 18, with a launch price of approximately $0.18. By the evening of January 19, TRUMP peaked at $80, marking an increase of over 400 times during this period.

2. 速度很重要：TRUMP 代币于 1 月 18 日上午 10 点左右推出，发行价格约为 0.18 美元。到1月19日晚间，TRUMP触及80美元峰值，在此期间涨幅超过400倍。

Those who discovered the opportunity quickly and made decisions promptly were able to acquire lower entry points. For instance, some KOLs (Key Opinion Leaders) like 0xSun, Dayu, and Yuyue were among the first traders to buy TRUMP, thanks to their habit of monitoring smart money on-chain.

那些迅速发现机会并迅速做出决定的人能够获得较低的切入点。例如，0xSun、大鱼和鱼跃等一些 KOL（关键意见领袖）是第一批购买 TRUMP 的交易者，这要归功于他们监控链上智能货币的习惯。

3. Cognition and Tools Shape Outcomes: Some people bought TRUMP early but in small amounts and sold even earlier, while others bought late but had more capital on-chain or used cross-chain products, ultimately determining their final gains.

3、认知和工具塑造结果：有的人早买了TRUMP，但数量很少，甚至更早卖出，而有的人买得晚，但链上资金较多或使用了跨链产品，最终决定了他们的最终收益。

When TRUMP's market value was $5 billion, some were still doubting the authenticity of the event, while others were already anticipating that its market value would easily surpass Dogecoin, which was valued at over $60 billion at the time.

当特朗普市值达到50亿美元时，一些人还在怀疑该事件的真实性，而另一些人则已经预计其市值将轻松超越当时估值超过600亿美元的狗狗币。

4. The Power of Memes: Following Trump's announcement of the coin, several "crypto influencers" criticized him for using his influence for personal gain and argued that memes only have PVP (Play-versus-Play) attributes and no real value.

4. Meme 的力量：特朗普宣布发行该货币后，一些“加密货币影响者”批评他利用影响力谋取个人利益，并认为 Meme 仅具有 PVP（Play-versus-Play）属性，没有真正的价值。

However, memes seem to offer a relatively fair way to issue assets, especially in an environment where listing on major CEXs entails high costs, insider information, and contract pinning issues. Additionally, some large public chains incur marketing expenses of tens of millions of dollars annually, leading to complex interest groups and high entry barriers for new entrepreneurs.

然而，模因似乎提供了一种相对公平的发行资产的方式，特别是在主要中央交易所上市需要高成本、内幕信息和合约固定问题的环境下。此外，一些大型公链每年的营销费用高达数千万美元，导致利益群体复杂，新创业者的进入门槛较高。

Before the narrative of AI Agents emerged, memes appeared to lack valuable application scenarios. However, with the advent of AI Agents, people realized that memes are essentially a form of technical product, and their use depends on the people involved, not the memes themselves.

在人工智能代理的叙述出现之前，模因似乎缺乏有价值的应用场景。然而，随着人工智能代理的出现，人们意识到模因本质上是一种技术产品，其使用取决于参与的人，而不是模因本身。

These are just a few of the many lessons that can be drawn from the "Trump Coin Incident." The event, which drew attention from both within and outside the cryptocurrency community, showcased the rapid growth and influence of DEXs, Solana, and memes in the industry.

这些只是从“特朗普币事件”中可以吸取的众多教训中的一小部分。此次活动引起了加密货币社区内外的广泛关注，展示了 DEX、Solana 和 meme 在行业中的快速发展和影响力。