特朗普模因币激发了交易狂潮，但大多数新交易者都亏损了

受美国总统唐纳德·特朗普启发的特朗普模因硬币自周末首次亮相以来一直是加密市场上最受关注的资产之一。

The TRUMP meme coin, inspired by U.S. President Donald Trump, has attracted hundreds of thousands of new traders since its debut last weekend. Now, on-chain data reveals some interesting insights into the coin’s trading behavior.

受美国总统唐纳德·特朗普启发的特朗普模因硬币自上周末首次亮相以来吸引了数十万新交易者。现在，链上数据揭示了有关代币交易行为的一些有趣的见解。

The key takeaways:

关键要点：

TRUMP sparked a massive trading frenzy, attracting 929,543 new on-chain traders in the first four days. At the peak of this frenzy, 42,208 new traders joined the market per hour on January 18.

特朗普引发了大规模的交易狂潮，前四天就吸引了 929,543 名新的链上交易者。在这一狂热的高峰期，1 月 18 日每小时有 42,208 名新交易者加入市场。

However, after this surge, the trading activity quickly fizzled out, with the number of new traders falling to just 1,383 per hour by January 22.

然而，在这次激增之后，交易活动很快就消失了，到 1 月 22 日，新交易者数量降至每小时 1,383 人。

Despite the volatility and shifts in trading volume, several addresses managed to cash in on the TRUMP surge. On-chain data shows the profit and loss (PNL) distribution for TRUMP holders largely follows a normal distribution, with a few standout earners.

尽管交易量存在波动和变化，但一些地址还是成功地从特朗普的飙升中获利。链上数据显示，特朗普持有者的损益（PNL）分布基本上遵循正态分布，其中有一些表现突出的人。

These fortunate few capitalized on the explosive price movement during the meme coin’s brief, intense rally. However, many traders also faced losses as the price corrected.

这些幸运的少数人利用了模因币短暂而剧烈的上涨期间爆炸性的价格走势。然而，随着价格调整，许多交易商也面临损失。

TRUMP's price soared from $0.1824 on January 18 to reach an all-time high of approximately $80 the same day. This represents an extraordinary 43,759% surge in one day. Meanwhile, the price also tanked to around $30 on January 20 amid massive profit-taking.

特朗普的价格从 1 月 18 日的 0.1824 美元飙升至当天约 80 美元的历史新高。这意味着一天内暴涨 43,759%。与此同时，由于大量获利了结，1 月 20 日价格也跌至 30 美元左右。

This sell-off saw addresses within the so-called “conspiracy group” — those who only sold and never bought — dump over $310 million worth of the token.

在这次抛售中，所谓的“阴谋集团”内的地址（那些只出售而从未购买过的人）抛售了价值超过 3.1 亿美元的代币。

TRUMP Meme Coin Inspires a Trading Frenzy

特朗普模因币引发交易狂潮

The TRUMP meme coin sparked a massive influx of new traders into the crypto market. According to on-chain data, the token attracted a staggering 929,543 new on-chain traders in the first four days following its launch.

特朗普模因硬币引发了大量新交易者涌入加密货币市场。根据链上数据，该代币在推出后的前四天就吸引了惊人的 929,543 名新链上交易者。

At the peak of this frenzy, an average of 42,208 new traders joined the market every hour on January 18. This surge in activity was driven by the coin’s wild price fluctuations and the attention it garnered on social media and trading forums.

在这一狂热的高峰期，1 月 18 日平均每小时有 42,208 名新交易者加入市场。这种活动的激增是由代币的剧烈价格波动及其在社交媒体和交易论坛上获得的关注推动的。

However, after this initial surge, the trading activity quickly fizzled out. By January 22, the number of new traders joining the market had fallen to just 1,383 per hour.

然而，在最初的激增之后，交易活动很快就消失了。截至 1 月 22 日，每小时加入市场的新交易者数量已降至 1,383 人。

This sharp decline in activity suggests that the hype surrounding TRUMP may have subsided, or that the astronomical prices and volatility scared off potential traders.

活动的急剧下降表明围绕特朗普的炒作可能已经消退，或者天文数字的价格和波动性吓跑了潜在的交易者。

With the dust settling and hot money exiting the market, the number of active TRUMP holders has slowly decreased from a peak of 852,000 to around 770,000.

随着尘埃落定和热钱退出市场，活跃的TRUMP持有者数量从峰值的85.2万慢慢减少到77万左右。

Some Laugh, Others Cry: Analyzing TRUMP's PNL Distribution

有人笑，有人哭：分析特朗普的损益分布

The enthusiasm for TRUMP was not without its casualties. The majority of holders found themselves facing losses as the coin’s price fluctuated wildly.

对特朗普的热情也并非没有损失。由于代币价格剧烈波动，大多数持有者发现自己面临损失。

To put this in perspective, the distribution shows that the overwhelming majority of traders fell into the losing category, with many facing small to mid-range losses.

从这个角度来看，分布显示绝大多数交易者属于亏损类别，其中许多人面临小额到中等损失。

A closer examination reveals that one address in particular managed to cash in on TRUMP in a big way, accumulating a staggering profit of 2.2 billion TRUMP. At current prices, this translates to an astronomical gain of approximately $94 million.

仔细一看，有一个地址尤其成功地利用了特朗普的套现，累计获利高达22亿特朗普。按目前价格计算，这相当于约 9400 万美元的天文数字收益。

Meanwhile, another address managed to net a tidy profit of 1.1 billion TRUMP, or roughly $47 million. These two fortunate traders had an uncanny ability to buy low and sell high, capitalizing on the explosive price movements during the meme coin’s brief, intense rally.

与此同时，另一个地址成功净赚了 11 亿特朗普，约合 4700 万美元。这两位幸运的交易者拥有不可思议的低买高卖能力，利用了模因币短暂而剧烈的上涨期间爆炸性的价格走势。

TRUMP Whales Influence Price Movements, Capitalize on Dip

王牌鲸鱼影响价格走势，利用下跌机会

On-chain data further reveals that TRUMP whales played a crucial role in influencing the token’s price movements. On January 18, whales began building positions in the token, only to reduce their holdings rapidly by January 20.

链上数据进一步表明，特朗普鲸鱼在影响代币价格走势方面发挥了至关重要的作用。 1 月 18 日，鲸鱼开始增持该代币，但到 1 月 20 日却迅速减持。

For context, this was the inauguration day of Trump as the 47th U.S. president. The TRUMP meme coin tanked by over 50% on this day to trade at $35.

就背景而言，这是特朗普作为第 47 任美国总统的就职日。特朗普模因币当天下跌超过 50%，交易价格为 35 美元。

Interestingly, these whales bought back in at lower levels as the price dropped. They capitalized on the dip before trimming their positions during the subsequent rebound. At press time, TRUMP has settled around $43, up by 23%.

有趣的是，随着价格下跌，这些鲸鱼以较低的价格回购。他们利用了下跌的机会，然后在随后的反弹期间削减了头寸。截至发稿时，特朗普结算价约为 43 美元，上涨 23%。