总统在就职典礼期间未提及加密货币后，特朗普模因币崩盘

特朗普模因币的推出立即引发了市场热情。然而，在特朗普总统周一发表讲话后，这些涨幅似乎迅速消失，当时他没有提及加密货币。

The launch of the Trump meme coins saw immediate market enthusiasm. However, those gains appear to have evaporated rapidly following President Trump’s speech on Monday, when he made no mention of cryptocurrency. This omission coincided with a swift downturn in the digital assets’ valuations, leaving many investors questioning whether the recent meme coin boom is now over.

特朗普模因币的推出立即引发了市场热情。然而，在特朗普总统周一发表讲话后，这些涨幅似乎迅速消失，当时他没有提及加密货币。这一遗漏恰逢数字资产估值迅速下滑，让许多投资者质疑最近的模因币热潮是否已经结束。

According to data gathered in the hours after the inauguration, the Trump meme coin, a Solana-based token, plunged by more than 38 percent within minutes of trading, shedding billions in market capitalization. Simultaneously, the Melania coin experienced a similar fate, dropping nearly 28 percent over the same period. Traders and analysts say the broader cryptocurrency market also took a hit, with Bitcoin retesting lows around the $102,000 mark—an event some attribute to broader uncertainty surrounding the new administration’s stance on digital currencies. So, what happened?

根据就职典礼后几个小时收集的数据，基于 Solana 的代币特朗普模因币在交易后几分钟内暴跌超过 38%，市值蒸发数十亿美元。与此同时，梅拉尼娅币也经历了类似的命运，同期下跌了近 28%。交易员和分析师表示，更广泛的加密货币市场也受到了打击，比特币重新测试了 102,000 美元大关附近的低点，这一事件在一定程度上归因于围绕新政府对数字货币立场的更广泛的不确定性。那么，发生了什么？

Trump Coin’s Rapid Decline

特朗普币的快速下跌

In the lead-up to the inauguration, the Trump meme coin garnered substantial attention. Its surge was fueled partly by speculation that the former president, who had shown an interest in digital currencies during campaign discussions, might address or endorse crypto on a national stage. However, in what some market observers call a “buy the rumor, sell the news” scenario, Trump’s decision not to highlight cryptocurrency during his oath-taking speech sparked concern among traders.

在就职典礼前夕，特朗普模因硬币引起了广泛关注。其飙升的部分原因是猜测这位前总统在竞选讨论中表现出对数字货币的兴趣，可能会在国家舞台上讨论或支持加密货币。然而，在一些市场观察人士所说的“买谣言，卖新闻”的情况下，特朗普决定在宣誓演讲中不强调加密货币，引发了交易员的担忧。

Shortly after the ceremony, the Trump token fell out of the top 20 cryptocurrencies, slipping to the 23rd position with a market cap of $8.52 billion.

仪式结束后不久，特朗普代币就跌出了前 20 名加密货币，滑落至第 23 位，市值为 85.2 亿美元。

Despite this, its trading volume exceeded $39 billion in a single day, suggesting that both early investors and newcomers cashed out to avoid potential losses. Historical parallels were drawn to a prior election cycle, when a similar category of political tokens witnessed a drastic sell-off—some losing 60 percent of their value within 48 hours.

尽管如此，其单日交易量仍超过 390 亿美元，这表明早期投资者和新投资者都纷纷套现以避免潜在损失。历史与之前的选举周期有相似之处，当时类似类别的政治代币经历了剧烈的抛售——有些代币在 48 小时内损失了 60% 的价值。

Melania Meme Coin Follows Suit

梅拉尼娅 Meme 硬币也紧随其后

Launched by Melania Trump on Monday, the Melania meme coin initially soared over 80 percent, hitting an all-time high of $13.64 before a steep correction set in. While the token's developers touted it as “the only ‘Official Melania Meme’” and saw an influx of buyers, the hype proved short-lived. Trading volume topped $6 billion but did little to stem the sudden 28 percent price drop later in the day. At one point, the coin was down 42 percent from its peak.

周一，梅拉尼娅·特朗普 (Melania Trump) 推出的梅拉尼娅 Meme 代币最初飙升超过 80%，在大幅调整之前触及 13.64 美元的历史新高。虽然该代币的开发商将其吹捧为“唯一的‘官方梅拉尼娅 Meme’”，由于买家大量涌入，炒作被证明是短暂的。交易量突破 60 亿美元，但并没有阻止当天晚些时候价格突然下跌 28%。该币一度较峰值下跌 42%。

Melania Trump announced the token's debut on social media, emphasizing that it was intended “for collecting and entertainment purposes only.” Yet the swift rise and fall drew comparisons to other meme coins whose values hinge on community sentiment rather than traditional financial indicators.

梅拉尼娅·特朗普在社交媒体上宣布了该代币的首次亮相，并强调其“仅用于收藏和娱乐目的”。然而，这种快速的上涨和下跌与其他模因币进行了比较，这些币的价值取决于社区情绪而不是传统的财务指标。

For Trump to redeem himself, crypto investors hope he will announce the long-awaited Bitcoin National Reserve. And perhaps, an American crypto Reserve that holds XRP. Anything less will be seen as a disappointment.

为了让特朗普赎罪，加密货币投资者希望他能宣布期待已久的比特币国家储备。也许还有持有 XRP 的美国加密货币储备。任何不足都会被视为令人失望。