特朗普如何从特朗普那里获利

周日，特朗普总统利用他的社交媒体平台真实社交来推广他的同名模因硬币$特朗普。

On Sunday, President Trump took to his social media platform, Truth Social, to continue promoting his eponymous meme coin, $TRUMP.

周日，特朗普总统登上了他的社交媒体平台真实社交，继续推广他的同名模因硬币$ trump。

“The TRUMP coin is doing GREAT and the market is SLUSH. A TRUMP supporter.”

“特朗普硬币做得很好，市场是泥泞的。特朗普的支持者。”

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The post comes a few days after Trump last promoted $TRUMP on January 17. Buoyed by his impending inauguration, $TRUMP had reached a peak of $75.35 on January 19—a market cap of almost $15 billion for the 200 million coins initially released.

该职位发表了几天，在特朗普上次在1月17日推出特朗普$。由于他即将就职典礼的鼓舞，特朗普在1月19日达到了75.35美元的高峰，最初发布的2亿枚硬币的市值近150亿美元。

However, within a few days of the launch, the price of $TRUMP dropped drastically, plummeting to less than $20 by February 1. More than 800,000 retail investors, including many Trump fans, had collectively lost over $2 billion on $TRUMP. Those losses have only increased as the price continued to decline, sinking to below $11 before Trump's latest post.

但是，在发布后的几天内，特朗普的价格急剧下降，到2月1日下降到不到20美元。超过80万零售投资者，包括许多特朗普球迷，总共损失了超过20亿美元的特朗普。这些损失只会随着价格继续下跌而增加，在特朗普最新职位之前，这些损失下降到11美元以下。

Despite the retail investors’ losses, a select group of large investors were able to rack up huge profits through exquisitely timed transactions.

尽管散户投资者损失损失，但精选的大型投资者还是能够通过精确的定时交易获得巨额利润。

One trader, known only by the code at the end of their crypto wallet, J9tXv, purchased $1.1 million worth of $TRUMP within 2 minutes of Trump's initial announcement. As the price surged, J9tXv sold their $TRUMP coins rapidly, eventually earning tens of millions in profits. Other large traders purchased hundreds of thousands of coins within minutes of the announcement and then profited by selling them quickly. According to one analysis, “fifty of the largest investors in the coin have made profits in excess of $10 million each.”

一位仅在加密钱包末尾以守则J9TXV结束时闻名的商人，在特朗普最初宣布的2分钟内购买了价值110万美元的特朗普。随着价格上涨，J9TXV迅速出售了他们的$特朗普硬币，最终获得了数千万的利润。其他大型贸易商在公告后的几分钟内购买了数十万个硬币，然后通过快速出售。根据一项分析，“硬币中最大的投资者中有五十个获得了超过1000万美元的利润。”

Experts consulted by WIRED believe the trading behavior of large investors in $TRUMP suggests they were tipped off.

Wired咨询的专家认为，大型投资者在特朗普$的交易行为表明他们被淘汰了。

“To be that quick off the mark, it’s hard to imagine that they had no forewarning,” said Paul Sibenik, the CEO for CryptoForensic Investigators, a firm that investigates crypto cybercrime. Similarly, John Powers, president of the private investigation agency Hudson Intelligence, suspected “potential advanced insider knowledge.”

“要快速脱颖而出，很难想象他们没有预警，”对Crypto Cyber​​crime进行了隐型法质研究人员的首席执行官Paul Sibenik说。同样，私人调查机构哈德逊情报公司（Hudson Intelligence）主席约翰·鲍尔斯（John Powers）怀疑“潜在的高级内幕知识”。

Meme coins, which have no inherent value, are especially vulnerable to “pump-and-dump” schemes where celebrities or others with large audiences hype up a coin as insiders with superior information quickly take profits.

没有固有价值的模因硬币特别容易受到“泵和降低”计划的影响，在这些计划中，名人或其他有大量观众的名人大肆宣传一枚硬币作为内部人士，迅速获得利润。

Investors in $TRUMP, according to the official website, “"unleash the right to bring a class action lawsuit in relation to the meme coin" or pursue damages based on "deceptive practices" or "misinformation."

根据官方网站的说法，特朗普的投资者“释放了提起集体诉讼有关模因硬币的权利”或根据“欺骗性实践”或“错误信息”追求损害赔偿。

Popular Information is an independent newsletter dedicated to accountability journalism since 2018. It is made possible by readers who upgrade to a paid subscription.

流行信息是一部独立的新闻通讯，自2018年以来一直致力于问责制新闻。升级为付费订阅的读者使它成为可能。

How Trump profits from $TRUMP

特朗普如何从特朗普那里获利

Along with a select group of large investors, the other major winner was Trump himself. An entity owned by Trump, Fight Fight Fight LLC, owns 80% of $TRUMP—about 800 million coins. Right now, those coins are ‘locked’ and cannot be sold by Trump. But, beginning in mid-April, the coins will be unlocked in tranches, which would allow him to sell the coins for cash. Over the course of Trump's presidency, all 800 million coins will be unlocked. Even at $10 per coin, that is an $8 billion windfall. So Trump has a huge incentive now, and in the future, to make sure that the price of Trump does not sink too low.

与一群大型投资者一起，另一个主要赢家是特朗普本人。特朗普拥有的实体，战斗斗争有限责任公司拥有特朗普的80％，约有8亿枚硬币。目前，这些硬币已被“锁定”，也不能由特朗普出售。但是，从4月中旬开始，这些硬币将被解锁，这将使他可以出售硬币以现金。在特朗普担任总统期间，所有8亿硬币将被解锁。即使是每枚硬币10美元，也是80亿美元的意外收获。因此，特朗普现在有一个巨大的激励措施，将来要确保特朗普的价格不会太低。

Anyone—including foreign governments—can purchase $TRUMP anonymously, boosting the value of the coin and enriching Trump.

任何人（包括外国政府）都可以匿名购买$特朗普，增强硬币的价值并丰富特朗普。

Trump's Truth Social post on Sunday initially had the desired impact, spiking the price of $TRUMP by more than a dollar in the minutes after posting. As the afternoon wore on, however, $TRUMP relinquished most of its gains.

特朗普在周日的真相社会职位最初产生了理想的影响，在发布后的几分钟内，特朗普的价格上涨了一美元。然而，随着下午的流逝，$特朗普放弃了大部分收益。

No matter what the current price, Trump also earns “revenue derived from trading activities” of $TRUMP. The details of this arrangement are opaque, but analysts told Reuters they believed that Trump-controlled entities earned “between $86 million and $100 million in trading fees” through the end of January.

不管当前的价格如何，特朗普也赚取了$特朗普的“从交易活动中获得的收入”。这种安排的细节是不透明的，但分析师告诉路透社，他们认为截至1月底，特朗普控制的实体“在8600万美元至1亿美元的交易费之间”。

How Trump monetizes the presidency through $TRUMP

特朗普如何通过$ trump获利总统

On a basic level, $TRUMP allows Trump to convert the power and prestige of the presidency into cash. Meme coins have no inherent value, and prices are determined by how much buzz and hype their creators can generate. As president, Trump has the largest megaphone in the world, and he is using it to increase interest in $TRUMP.

从基本的角度来看，特朗普允许特朗普将总统职位的权力和声望转换为现金。模因硬币没有固有的价值，而且价格取决于创作者可以产生多少嗡嗡声和炒作。作为总统，特朗普拥有世界上最大的扩音器，他正在利用它来增加对特朗普$的兴趣。

But there are also slightly more subtle ways Trump is leveraging the presidency to boost the value of $TRUMP. There are tens of thousands of new meme coins minted each day on sites like pump.fun. Almost all of them generate no interest or significant value. Part of this is simply that people never even hear about these coins. But another limiting factor

但是，特朗普正在利用总统职位来提高特朗普的价值。每天在泵。它们几乎所有人都没有产生兴趣或显着价值。部分原因是人们甚至从未听说过这些硬币。但是另一个限制因素