特朗普模因硬币（特朗普）经历了代币解锁活动，下降了7％以上

在过去的几天里，官方的特朗普模因硬币一直在销售压力，其每周的表现已经下降了7％。

The official TRUMP meme coin has been experiencing sell pressure over the last few days, with its weekly performance already down by over 7%.

在过去的几天里，官方的特朗普模因硬币一直在销售压力，其每周的表现已经下降了7％。

Chances are that the meme coin may continue to experience sell pressure during the weekend.

模因硬币可能会在周末继续遇到销售压力。

The bearish TRUMP meme coin expectations were largely based on the fact that it was slated for a major token unlock on 18 April.

看跌的特朗普模因硬币的预期在很大程度上是基于4月18日的主要令牌解锁的事实。

Roughly 40 million TRUMP tokens were slated to be released into the market, effectively increasing its supply.

大约有4000万个特朗普令牌被释放到市场上，有效地增加了其供应。

The incoming TRUMP meme coin tokens from the unlock represent roughly 20% of its circulating supply.

来自解锁的特朗普模因硬币令牌大约占其循环供应的20％。

Such a significant amount added to the supply is expected to impact TRUMP token price. Especially considering the low demand conditions that prevailed in recent weeks.

预计供应的大量增加将影响特朗普代币的价格。特别是考虑到最近几周盛行的需求较低。

Bearish TRUMP Meme Coin Expectations Lead To Surge In Negative Funding Rates

看跌的特朗普模因硬币期望导致负面资金率激增

It was abundantly clear that token unlock event triggered a massive spike in bearish expectations for the TRUMP meme coin.

很明显，代币解锁事件引发了对特朗普模因硬币的期望，引发了巨大的激增。

Its open interest weighted funding rates spiked to 0.0778% which was the highest observed in history.

它的开放利息加权筹资率飙升至0.0778％，这是历史上最高的。

This surge in funding rates signaled that TRUMP meme coin was about to experience more volatility.

资金率的激增表明，特朗普模因硬币即将经历更多的波动。

It was also a sign that the market was reacting to the incoming token unlocks. Spikes in negative funding rates historically indicate a surge in bearish expectations.

这也表明市场对即将到来的代币解锁做出了反应。在历史上，负资金率的峰值表明看跌期望值激增。

The recent spike may thus signal that the token unlock could lead to more bearish activity. The incoming tokens will be worth roughly $306 million.

因此，最近的尖峰可能表明令牌解锁可能会导致更多的看跌活性。传入的代币价值约3.06亿美元。

Although most analysts maintained an overall bearish expectation for the TRUMP meme coin, its spot flows maintained a positive trend.

尽管大多数分析师对特朗普模因硬币保持了总体看跌期望，但其现货流动保持了积极的趋势。

Roughly $1.99 million were observed in the last 24 hours. This also raised the possibility that whales might play the market and force a rally.

在过去的24小时内观察到了约199万美元。这也提出了鲸鱼可能在市场上投放市场并迫使集会的可能性。

Such an outcome could potentially trigger a massive wave of liquidations.

这样的结果可能会引发大量清算浪潮。

TRUMP Meme Coin Excitement Triggers Higher Volumes

特朗普模因硬币兴奋会触发更高的量

Trading activity around the official TRUMP meme coin registered a 23.19% volume surge in the last 24 hours, pushing derivatives volumes as high as $853.68 million.

在过去24小时内，围绕官方特朗普模因硬币的贸易活动量增长了23.19％，将衍生品数量高达8.5368亿美元。

Meanwhile, open interest surged 10.56% to $302.47 million. As far as price action was concerned, the meme coin exchanged hands $7.70 at press time.

同时，开放利息飙升了10.56％，至3.0247亿美元。就价格行动而言，模因硬币在发稿时交换了7.70美元。

This was equivalent to a 90% discount from its ATH. Also, the Official TRUMP meme coin was down by 0.33% in the last 24 hours.

这相当于其ATH折扣90％。此外，在过去的24小时内，官方的特朗普模因硬币下降了0.33％。

Token Unlock Impact

令牌解锁影响

This could indicate that the downside observed earlier this week may have factored in the token unlock and this further highlights the risk of leveraged short liquidations.

这可能表明，本周早些时候观察到的缺点可能会考虑到令牌解锁中，这进一步凸显了杠杆短期清算的风险。

TRUMP coin had $765,020 worth of total liquidations in the last 24 hours. Majority of those were long liquidations at $623,440 while the remaining minority were short positions.

在过去的24小时内，特朗普硬币的总清算价值为765,020美元。其中大多数是长期清算，售价为623,440美元，而其余的少数则是短职位。

This ratio could change within the next 24 hours depend on how key participants in the market will respond to the token unlock.

该比率可能在接下来的24小时内发生变化取决于市场中的主要参与者将如何响应令牌解锁。

Speaking of impact, the meme coin had 199.9 million tokens in circulation which means was still classified as a small cap.

说到影响，模因硬币的流通中有1,990万个令牌，这意味着仍然被归类为小上限。

The token unlock will bring that figure up to roughly 240 million tokens which means it will still be categorized as a small cap.

令牌解锁将使该数字达到约2.4亿个令牌，这意味着它仍将被归类为小帽子。

If the market demand and supply forces remain unchanged, then the new circulating supply could pull down the price towards the $6.5 price level. This is assuming that the marketcap remains constant.

如果市场需求和供应力保持不变，那么新的循环供应可能会将价格降低到6.5美元的价格水平。这是假设市场上限保持不变的。

It is also worth noting that the Official TRUMP meme coin has a maximum supply of about 1 billion tokens. This means there will be more token unlocks down the road, which could further dilute the meme coin’s long term value.

还值得注意的是，官方的特朗普模因硬币的最大供应约为10亿个令牌。这意味着将有更多的令牌解锁，这可以进一步稀释模因硬币的长期价值。