特朗普的模因硬币引发道德和地缘政治担忧

当唐纳德·特朗普 (Donald Trump) 在 11 月赢得总统职位时，许多加密货币狂热分子庆祝了他对行业的承诺，即他将优先考虑放松管制并使加密货币企业家合法化

After Donald Trump won the presidency in November, many crypto fanatics celebrated, given his promises to the industry that he would prioritize deregulation and legitimize crypto entrepreneurs. Days before his inauguration, industry heavyweights gathered in Washington for the Crypto Ball, celebrating their newly minted status as D.C. insiders.

唐纳德·特朗普 (Donald Trump) 于 11 月赢得总统职位后，许多加密货币狂热分子纷纷庆祝，因为他向行业承诺，他将优先考虑放松管制并使加密货币企业家合法化。在他就职前几天，行业重量级人物齐聚华盛顿参加加密货币舞会，庆祝他们作为华盛顿内部人士的新地位。

But during the event, Trump shocked nearly the entire room by posting online about the launch of a new cryptocurrency called TRUMP. This new currency, a so-called meme coin, has no inherent value, but rather fluctuates in price as people buy and sell the coin. Trump’s fans and opportunistic day traders have generated billions of dollars in sales, driven by loyalty, hype, and the chance to make a quick buck. All of these trades have made the coin’s creators—affiliate companies of the Trump organization—billions of dollars on paper. A day after its release, Melania Trump announced her own meme coin, which also rose and fell in crazed spurts. On Wednesday, TRUMP was the 25th most valuable cryptocurrency in the world, according to CoinMarketCap—although its price of about $43 was well off its $75 high.

但在活动期间，特朗普在网上发布了有关推出一种名为“特朗普”的新加密货币的消息，震惊了几乎整个房间。这种新货币，即所谓的模因币，没有内在价值，而是随着人们买卖该币而价格波动。在忠诚度、炒作和快速赚钱机会的推动下，特朗普的粉丝和机会主义短线交易者创造了数十亿美元的销售额。所有这些交易使该货币的创造者（特朗普组织的附属公司）在纸面上赚了数十亿美元。发布一天后，梅拉尼娅·特朗普宣布了她自己的模因币，该币也疯狂上涨和下跌。根据 CoinMarketCap 的数据，周三，特朗普在全球最有价值的加密货币中排名第 25 位，尽管其价格约为 43 美元，远低于 75 美元的高点。

Read More: What Trump’s Win Means for Crypto.

阅读更多：特朗普的胜利对加密货币意味着什么。

Trump’s meme coins brought a surge of attention to crypto and many newcomers into the space. To some, the coins signaled Trump’s commitment to crypto and to spurring its growth. But many more in the crypto world responded with revulsion to what they saw as a cash grab, and a way for Trump to directly profit off of his followers. Trump’s team holds at least 80% of the coin’s supply, giving them vast power to control its price. While they are not allowed to sell off their holdings for months, doing so would crash the market and leave regular users with a loss.

特朗普的模因硬币引起了人们对加密货币的关注，并吸引了许多新来者进入该领域。对一些人来说，这些硬币标志着特朗普对加密货币并刺激其增长的承诺。但加密世界中的更多人对此表示厌恶，他们认为这是一种抢钱行为，也是特朗普直接从其追随者身上获利的一种方式。特朗普的团队持有至少 80% 的代币供应量，这让他们拥有控制其价格的巨大权力。虽然他们在几个月内不得出售所持股份，但这样做会导致市场崩溃，并使普通用户蒙受损失。

Crypto insiders worry that the coins will make the public even leerier of an industry already filled with scams and bad-faith actors. “The crypto sector put someone in power whose first act is to emphasize and take advantage of the opportunity for grift within crypto,” says Angela Walch, a crypto researcher and writer. “And that's just embarrassing.”

加密货币内部人士担心，这些代币会让公众对这个已经充满骗局和不怀好意的行为者的行业更加警惕。加密货币研究员兼作家安吉拉·瓦尔奇 (Angela Walch) 表示：“加密货币行业让某人掌权，他的第一行动就是强调并利用加密货币内部的欺诈机会。” “这真是令人尴尬。”

Trump has downplayed his role in launching the coin, saying at a Jan. 21 press conference: “I don’t know much about it other than I launched it.” The Trump Organization did not immediately respond to a request for comment. A White House press officer declined to comment.

特朗普淡化了他在发行该代币中所扮演的角色，他在 1 月 21 日的新闻发布会上表示：“除了我发行了它之外，我对它了解不多。”特朗普集团没有立即回应置评请求。白宫新闻官员拒绝置评。

But elected officials and legal experts are raising ethical and geopolitical concerns about the tokens, which they say could serve as a vehicle for bribery and conflicts of interest. “These coins open a channel for him to receive financial benefits from foreign adversaries and to prioritize his personal interests, to the collective detriment of Americans,” says Puja Ohlhaver, a lawyer affiliated with Harvard’s Allen Lab for Democracy Renovation.

但民选官员和法律专家对这些代币提出了道德和地缘政治方面的担忧，他们表示这些代币可能成为贿赂和利益冲突的工具。哈佛大学艾伦民主革新实验室的律师普贾·奥尔哈弗 (Puja Ohlhaver) 表示：“这些硬币为他从外国对手那里获取经济利益并优先考虑个人利益开辟了渠道，从而损害了美国人的集体利益。”

What are meme coins?

什么是模因币？

TRUMP and MELANIA are meme coins: cryptocurrencies that are essentially created by entrepreneurs out of thin air by writing code to deploy on a blockchain. Their worth comes from how much people believe in them and buy them. In order to generate excitement, the teams behind such coins often market them using popular memes which can be shared and iterated upon on social media. If memes on social media can propel culture, creativity, and even ideology, the thinking goes, then why shouldn’t they be worth something financially as well?

TRUMP 和 MELANIA 是模因币：本质上是由企业家通过编写部署在区块链上的代码凭空创建的加密货币。它们的价值来自于人们对它们的信任程度和购买程度。为了引起兴奋，这些代币背后的团队经常使用流行的模因来营销它们，这些模因可以在社交媒体上分享和迭代。如果社交媒体上的模因可以推动文化、创造力甚至意识形态，那么为什么它们不应该在经济上也有价值呢？

Dogecoin and Shiba Inu are two examples, with Dogecoin particularly propelled by Elon Musk, whose tweets about the coin have led to price spikes. The lack of inherent value makes meme coins especially volatile and speculative, which, to some, is part of their appeal: If investors buy at the right time, they can make a lot of money. Conversely, they can lose everything extremely fast if they buy in at the market’s top. Meme coins have also been the vehicle for alleged scams, in which investors lost significant sums.

狗狗币和柴犬就是两个例子，其中狗狗币尤其受到埃隆·马斯克的推动，他关于狗狗币的推文导致了价格飙升。缺乏内在价值使得模因币特别不稳定且具有投机性，这对一些人来说是其吸引力的一部分：如果投资者在正确的时间购买，他们可以赚很多钱。相反，如果他们在市场顶部买入，他们可能会很快失去一切。 Meme 币也成为涉嫌诈骗的工具，导致投资者损失惨重。

Trump’s admirers have often wielded  memes as a marketing tool. During his presidential campaign, a team of content creators flooded social media with pro-Trump meme content. Last summer, unofficial Trump meme coins with names like Pepe (TRUMP) and Maga People Token (PEOPLE) rose and fell, with some bettors treating them as proxies for his chances of victory.

特朗普的崇拜者经常利用表情包作为营销工具。在他的总统竞选期间，一群内容创作者在社交媒体上充斥着支持特朗普的表情包内容。去年夏天，名为 Pepe (TRUMP) 和 Maga People Token (PEOPLE) 等非官方特朗普模因币的涨跌，一些投注者将它们视为他获胜机会的代表。

Trump also has a history of using crypto to make money. He started selling NFT trading cards in 2022, and has made millions from them, according to financial disclosure documents. In September, he launched World Liberty Financial, a cryptocurrency platform which is not yet live. And in 2025, meme coins are perhaps the easiest way for aspiring crypto entrepreneurs to make money, fast.

特朗普也有使用加密货币赚钱的历史。根据财务披露文件，他于 2022 年开始销售 NFT 交易卡，并从中赚取了数百万美元。 9 月，他推出了 World Liberty Financial，这是一个尚未上线的加密货币平台。到 2025 年，模因币可能是有抱负的加密货币企业家快速赚钱的最简单方法。

TRUMP starts trading

特朗普开始交易

On Jan. 18, two days before taking the oath of office, Trump launched his token via CIC Digital LLC, an affiliate of the Trump Organization, while the Crypto Ball was in full swing. The move took the industry by surprise. Nick O’

1 月 18 日，即宣誓就职前两天，特朗普通过特朗普集团的附属公司 CIC Digital LLC 推出了他的代币，而加密球活动正如火如荼地进行。此举令业界感到意外。尼克·奥