伟大的解锁：被低估的雪崩

即将发布的3.2亿美元的特朗普代币（定于4月18日）的发行证明了这一点。自从一月份以来，美国总统的官方成人损失了其价值的89％，但这种大规模解锁引发了一个关键的问题：自由投资的资产如何仍然威胁到市场？

The crypto sphere is notorious for its twists and turns that often defy logic. As we approach April 18, the upcoming release of 321 million dollars in Trump tokens is a perfect example of this absurdity.

加密球体以其曲折而臭名昭著，而曲折常常是抗议逻辑。随着我们4月18日，即将在特朗普代币中发布3.21亿美元是这种荒谬的一个很好的例子。

Though the American president’s official memecoin has lost 89% of its value since January, this massive unlocking threatens to pour fuel on the already burning asset.

尽管自1月以来，美国总统的官方Memecoin损失了其价值的89％，但这种大规模解锁可能会倾倒已经燃烧的资产。

The great unlocking: an underestimated avalanche

伟大的解锁：被低估的雪崩

Designed to stabilize crypto projects, the acquisition mechanism sometimes turns into a trap. In the case of the Trump token, 40 million dormant units are about to flood the exchanges.

旨在稳定加密项目，采集机制有时会变成陷阱。就特朗普的代币而言，有4000万个休眠单位将淹没交流。

At $8 per unit, this wave of 321 million represents a tsunami for an already weakened asset. Tokenomist, an acquisition tracking platform, confirms that this event will dominate the week of April 14 to 20, absorbing 61% of the total planned unlocks.

以每单位8美元的价格，3.21亿美元的浪潮代表了已经削弱的资产的海啸。收购跟踪平台Tokenomist证实，该活动将在4月14日至20日的一周中占主导地位，占计划中的总数的61％。

Yet, this practice is nothing exceptional. Acquisition periods aim to discipline investors and teams, avoiding hasty sales.

但是，这种做法并不是一件异常的。收购期旨在纪念投资者和团队，避免仓促销售。

But here, the timing works against the crypto project. As the Trump token struggles to maintain a semblance of credibility, the sudden influx of liquidity could further undermine its value.

但是在这里，时间安排与加密项目有关。随着特朗普的象征努力保持信誉的表现，突然的流动性涌入可能会进一步破坏其价值。

Recent history offers worrying precedents. In March 2024, the Arbitrum crypto released $2.32 billion in ARB. The result? An 84% drop in a few weeks. A scenario that Trump holders dread, especially since market psychology tends to amplify these shocks.

最近的历史提供了令人担忧的先例。 2024年3月，Timum Crypto在ARB中释放了23.2亿美元。结果？几周内下降了84％。特朗普持有人害怕的情况，尤其是因为市场心理学倾向于扩大这些冲击。

From euphoria to disillusionment: the shipwreck of a political crypto

从欣快感到幻灭：政治加密的沉船

Everything had started well. On January 19, Trump’s crypto reached $73.43, riding the wave of political news and memecoin fever. But the novelty effect faded as quickly as it appeared.

一切都开始了。 1月19日，特朗普的加密货币达到了73.43美元，挥舞着政治新闻和成员发烧的浪潮。但是新颖效果逐渐消失。

Now priced at $8, the asset embodies the excesses of a market where storytelling often prevails over fundamentals.

现在的价格为8美元，该资产体现了一个市场上经常胜过基本面的市场的过度。

Behind the figures lie individual dramas. Chainalysis estimates that 813,000 wallets have suffered losses totaling 2 billion dollars.

这些人物的背后是个人戏剧。链分析估计，有813,000个钱包损失了20亿美元。

Individual investors, lured by the aura of a political figure, find themselves trapped in extreme volatility. Meanwhile, the project creators are said to have made more than 350 million in profits – a gap that fuels criticism of memecoin ethics.

由政治人物的光环诱使的个人投资者发现自己被困在极端波动中。同时，据说该项目创作者的利润超过3.5亿，这一差距赋予了对Memecoin伦理的批评。

The irony lies in the very nature of the token. Aligned with the image of a man known for his deal-making skills, it now symbolizes the risks of an unregulated market.

具有讽刺意味的是代币的本质。与一个因其交易技巧而闻名的人的形象保持一致，现在象征着不受监管的市场的风险。

While Trump himself has oscillated between criticism and support for cryptos, his memecoin embodies a contradiction: a decentralized asset, yet reliant on a centralizing personality.

尽管特朗普本人在批评和对加密货币的支持之间进行了振荡，但他的成员体现了一个矛盾：一个分散的资产，但依赖着集中化的个性。

Fascinated by Bitcoin since 2017, Evariste has continuously researched the subject. While his initial interest was in trading, he now actively seeks to understand all advances centered on cryptocurrencies. As an editor, he strives to consistently deliver high-quality work that reflects the state of the sector as a whole.

自2017年以来，Evariste着迷于比特币，不断研究该主题。尽管他最初的兴趣是交易，但他现在积极寻求了解以加密货币为中心的所有进步。作为一名编辑，他努力始终如一地提供反映整个行业状态的高质量工作。