骗子特朗普推出 Meme 币，以传统方式快速赚钱

等待特朗普重返办公室，加密货币行业对总统承诺提供明确的监管指导方针感到兴奋

As the cryptocurrency industry anxiously awaits Donald Trump's return to office, they were heartened by the president's promises to provide clear-cut regulatory guidelines that would help the sector grow while easing the volatility it’s become notorious for. Industry-friendly bankers ready to catch the rush of capital coming in from offshore accounts are hopeful that Trump’s crypto framework will create “a more secure environment for consumers,” as one banker told Bloomberg this weekend.

当加密货币行业焦急地等待唐纳德·特朗普重返办公室时，他们对总统承诺提供明确的监管指导方针感到鼓舞，这些指导方针将有助于该行业的发展，同时缓解其臭名昭著的波动性。正如一位银行家本周末告诉彭博社的那样，对行业友好的银行家准备好迎接来自离岸账户的资本涌入，他们希望特朗普的加密框架将为消费者创造“一个更安全的环境”。

But Donald Trump also proved this weekend that cryptocurrency still offers a great opportunity to make a quick buck the old-fashioned way — by finding a greater fool who will overpay. On Friday night, he made a surprise announcement on Truth Social launching a meme coin called $TRUMP. “It’s time to celebrate everything we stand for: WINNING,” he wrote. Also, making money. The drop of the coin surprised even those locked-in attendees at the Crypto Ball, where high-profile crypto industry players scrambled to buy $TRUMP as it shot up in value. On Friday night, the coin had a market cap of roughly $1 billion. By Sunday morning, the coin’s fully diluted value — that is, including all the coins held by Trump and other insiders — was more than $72 billion.

但唐纳德·特朗普本周末也证明，加密货币仍然提供了一个很好的机会，可以通过传统的方式快速赚钱——找到一个愿意多付钱的大傻瓜。周五晚上，他在 Truth Social 上意外宣布推出一款名为 $TRUMP 的模因币。 “是时候庆祝我们所代表的一切了：胜利，”他写道。还有就是赚钱。硬币的下跌甚至让加密舞会上那些被锁定的与会者感到惊讶，随着美元价值的飙升，备受瞩目的加密行业参与者争先恐后地购买特朗普。周五晚上，该代币的市值约为 10 亿美元。截至周日早上，该代币的完全稀释价值（即包括特朗普和其他内部人士持有的所有代币）已超过 720 亿美元。

It was suddenly among the 20 or 25 most valuable cryptocurrencies in the world, despite having no underlying business or use case aside from signaling support for Trump. According to the $TRUMP website, 80 percent of the meme coin is owned by a company called CIC Digital — an affiliate of the Trump Organization — and its subsidiary, Fight Fight Fight, LLC. If they were able to cash out on their shares, Trump’s percentage of the shares would have made him one of the richest men in the world. For all his real estate ventures and scammy failed businesses and meme stocks and social media ventures and unrelated previous crypto ventures, 89 percent of Trump's net worth this weekend was derived from a meme coin.

尽管除了表示支持特朗普之外没有任何潜在业务或用例，但它突然跻身世界上 20 或 25 种最有价值的加密货币之列。根据 $TRUMP 网站，80% 的 meme 币由一家名为 CIC Digital 的公司（特朗普集团的附属公司）及其子公司 Fight Fight Fight, LLC 所有。如果他们能够兑现自己的股份，特朗普所持股份的比例将使他成为世界上最富有的人之一。对于他所有的房地产企业、诈骗失败的企业、模因股票、社交媒体企业以及之前无关的加密企业，特朗普本周末 89% 的净资产来自模因硬币。

Many others got rich quick, including Barstool Sports founder Dave Portnoy, who boasted of making $1 million in a day. (He cashed it out and bet it on the Buffalo Bills.) Portnoy was not a true believer in any longer term thesis for the $TRUMP coin, saying that he only bought it out of FOMOOSC — “a fear of missing out on shit coins,” referring to slang for a cryptocurrency that might be headed to zero.

其他许多人也迅速致富，其中包括 Barstool Sports 创始人戴夫·波特诺伊 (Dave Portnoy)，他吹嘘自己一天赚了 100 万美元。 （他兑现并押注于布法罗比尔队。）波特诺伊并不是特朗普币任何长期论点的真正信徒，他说他只从 FOMOOSC 购买它——“担心错过垃圾币” ，”指的是可能走向零的加密货币的俚语。

Soon, there was another way to cash in on crypto’s Trump mania. On Sunday afternoon, Melania Trump announced she was dropping her own coin, $MELANIA, with a market cap of more than $5 billion. (Melania’s team has reserved a more humble 35 percent of the total number of coins in circulation, which would still net her more than a billion dollars on paper.) Unfortunately for $TRUMP buyers, the $MELANIA announcement undercut momentum their buying momentum, causing Trump’s coin quickly to lose billions in value. Portnoy, for one, couldn’t flip this for a win. He bought $500,000 worth, but ended up with a $200,000 loss, according to his X account. “Can’t win em all,” he said. “Shooters shoot.”

很快，还有另一种方式可以利用特朗普对加密货币的狂热来获利。周日下午，梅拉尼娅·特朗普宣布她将放弃自己的代币 $MELANIA，该代币的市值超过 50 亿美元。 （梅拉尼娅的团队保留了流通中硬币总数的 35%，这仍然可以为她净赚超过 10 亿美元。）不幸的是，对于 $TRUMP 买家来说，$MELANIA 的声明削弱了他们的购买动力，导致特朗普的硬币很快就损失了数十亿美元的价值。波特诺伊就是其中之一，他无法扭转这一局面以取得胜利。根据他的 X 账户，他买入了价值 50 万美元的股票，但最终损失了 20 万美元。 “无法赢得所有人，”他说。 “射手开枪。”

So can Trump actually cash out on all this speculation, which critics have called an extremely obvious and brazen conflict of interest? Like with his prior entries in the strange new world of speculative finance, that depends on how his political career is going. Just as Truth Social stock has become a way for investors to bet on (or potentially buy) the president, $TRUMP looks like a new way to wager on the president’s performance. Beginning in April , Trump-controlled affiliates will be able to starting selling off their share of coins — 800 million coins compared to the 200 million currently in circulation —with continuing unlocks for the next three years. How much Trump and other insiders ultimately pocket will depend on what happens with the price of the coin going forward. But if the administration doesn’t live up to its crypto-booster promises or tariffs tank the economy, it could be worth the same as a lot of other meme coins that have come before it — the fun that investors had along the way. In other words, virtually nothing.

那么，特朗普真的能从所有这些被批评者称为极其明显和明目张胆的利益冲突的猜测中套现吗？就像他之前进入投机金融这个奇怪的新世界一样，这取决于他的政治生涯进展如何。正如 Truth Social 股票已成为投资者押注（或可能购买）总统的一种方式一样，$TRUMP 看起来也是一种押注总统表现的新方式。从 4 月开始，特朗普控制的附属公司将能够开始出售他们的代币份额——8 亿枚代币，而目前流通的代币为 2 亿枚——并在未来三年内继续解锁。特朗普和其他内部人士最终能赚多少钱将取决于代币价格的未来走势。但如果政府没有兑现其加密货币助推器的承诺，或者关税拖累了经济，那么它的价值可能会与之前出现的许多其他模因币一样——这是投资者一路走来的乐趣。换句话说，几乎什么都没有。