一波突出的“模因硬币地毯”引起了警报，称当前的“加密”热潮可能会损害比特币作为合法的货币资产的地位

从阿根廷的$天秤座争议到特朗普政府促进特朗普代币，甚至是第一夫人支持的模因硬币

As President of Argentina Javier Milei from La Libertad Avanza speaks in Buenos Aires, a wave of prominent “meme coin rug pulls” is stirring up conversations. These incidents, ranging from Argentina’s $LIBRA controversy to the Trump administration’s promotion of a $TRUMP token and even a meme coin backed by the First Lady, have made headlines and blurred the lines between bitcoin – which is increasingly positioned to be a foundational element of the 21st-century economy – and speculative pump-and-dump schemes.

作为来自La Libertad Avanza的阿根廷Javier Milei总裁在布宜诺斯艾利斯讲话时，一阵著名的“模因硬币地毯拉斯”浪潮正在激起对话。这些事件从阿根廷的$ libra争议到特朗普政府晋升的特朗普代币，甚至是由第一夫人支持的模因硬币，已经成为头条新闻，并模糊了比特币之间的界限 - 越来越多地成为比特币之间的界限 - 这越来越有位置的基础元素。 21世纪的经济以及投机性的泵和降雨计划。

However, bitcoin is likely to endure. The fate of Trump’s proposal to reform the regulatory framework for digital assets remains uncertain, as it seeks to provide the essential market structure and regulatory clarity that innovators in finance are yearning for. The administration’s indiscriminate cheering for “crypto” might be counterproductive, serving as a particularly bitter point for the bitcoin community.

但是，比特币可能会忍受。特朗普改革数字资产监管框架的提议的命运仍然不确定，因为它试图提供财务创新者所渴望的基本市场结构和监管清晰度。政府对“加密”的滥用欢呼可能会适得其反，这对比特币社区来说是一个特别痛苦的点。

Moreover, the global liberty movement, which has recently gained traction in political spheres, risks becoming associated with financial misdeeds just when it appeared that responsible leadership had emerged. Milei, a knowledgeable economist and self-proclaimed advocate for sound money, had promised radical actions such as dismantling Argentina’s central bank and advancing the utilization of gold and bitcoin.

此外，最近在政治领域中获得了关注的全球自由运动，在似乎有负责任的领导层出现时，可能会与财务不当行为相关。麦利（Milei）是一位知识渊博的经济学家和自称为“声音金钱”的拥护者，他承诺采取激进的行动，例如拆除阿根廷的中央银行并推进了黄金和比特币的利用。

With successive crypto scams unfolding, the long-held warnings from bitcoin advocates about “crypto casinos” are proving accurate. The fallout from these scams reaches beyond just lost investments. A significant number of new entrants to the market remain oblivious to the distinctions between bitcoin and speculative altcoins, potentially neglecting bitcoin’s promise as a neutral, reliable form of money. It is crucial for influential individuals and policymakers to clearly distinguish between bitcoin and speculative tokens, advocating for bitcoin as the singular digital asset capable of meaningfully supporting large institutions and the global economy.

随着连续的加密骗局的展开，比特币倡导者关于“加密赌场”的长期警告是准确的。这些骗局的后果超出了损失的投资。大量新进入市场的新进入者仍然忽略了比特币和投机替代币之间的区别，这可能会忽略比特币作为中立，可靠的货币形式的承诺。对于有影响力的个人和政策制定者来说，明确区分比特币和投机令牌至关重要，提倡比特币作为能够有意义地支持大型机构和全球经济的奇异数字资产。

The Emergence and Collapse of Meme CoinsRecent weeks have witnessed a flurry of activity surrounding meme coins that have stirred both excitement and regret. The following three instances have unsettled markets and consumers, highlighting the dangers of confusing bitcoin with the broader “crypto” landscape.

模因硬币周的出现和崩溃目睹了围绕模因硬币的一系列活动，激起了兴奋和遗憾。以下三个实例具有不稳定的市场和消费者，强调了使比特币与更广泛的“加密”景观混淆的危险。

The $LIBRA Scandal in ArgentinaIn Argentina, the crypto initiative known as $LIBRA swiftly transformed into a scandal of national proportions. In mid-February, freshly elected President Milei, a self-identified libertarian and bitcoin advocate, expressed his support for the $LIBRA token via a tweet, presenting it as a private venture to invigorate Argentina’s economy. The effect was rapid, with $LIBRA’s price skyrocketing from $0 to nearly $5 as followers and retail investors jumped in.

$ libra在阿根廷阿根廷的丑闻，被称为$ libra的加密计划迅速转变为国家比例的丑闻。 2月中旬，新鲜当选的自由主义者和比特币倡导者迈利（Milei）通过一条推文表示了对$天秤座代币的支持，并以私人冒险为促进阿根廷的经济。效果很快，随着追随者和零售投资者的加入，$ libra的价格从$ 0飙升至近5美元。

However, within hours, the token’s value collapsed by over 80%, dropping below $1. Analysis by blockchain experts swiftly revealed the reason: insider wallets offloaded over $107 million in tokens almost immediately following the launch, profiting while ordinary investors watched their investments dissolve. Argentina’s fintech chamber later admitted this resembled a classic “rug pull” scam.

但是，在几个小时内，令牌的价值跌幅超过80％，下降到1美元以下。区块链专家的分析迅速揭示了以下原因：Insider钱包在发布后几乎立即卸载了超过1.07亿美元的代币，而普通投资者看着他们的投资解散。阿根廷的金融科技厅后来承认这类似于经典的“地毯拉”骗局。

The political implications were immediate. Opposition lawmaker Leandro Santoro remarked, “This incident, which brings us embarrassment on an international level, necessitates an impeachment motion against the president.” Milei quickly removed his promotional message and distanced himself from $LIBRA, asserting, “I was not aware of the project’s specifics, and upon learning about them, I opted not to continue promoting it.”

政治含义是直接的。反对党议员莱安德罗·桑托罗（Leandro Santoro）表示：“这一事件使我们在国际上感到尴尬，因此需要对总统提出弹each动议。” Milei迅速删除了他的促销信息，并与$ libra保持了距离，他断言：“我不知道该项目的细节，并且在了解到它们后，我选择不继续推广它。”

For the thousands of investors left in distress, the damage was irreversible. A token endorsed by the country’s highest office turned out to be a rapid pump-and-dump, leading to a deterioration of public trust in crypto ventures and casting a shadow on Argentina’s first economically literate president in a century. This incident demonstrated how reckless crypto speculation can tarnish a leader’s image, devastate everyday investors, and undermine a political movement.

对于成千上万留下的投资者，损失是不可逆转的。该国最高职位认可的象征性是迅速的泵送和下降，导致公众对加密货币风险的信任恶化，并在一个世纪以来对阿根廷第一位经济识字总统施放了阴影。这一事件表明，鲁ck的加密猜测会如何破坏领导者的形象，破坏日常投资者并破坏政治运动。

Trump’s $TRUMP TokenIn the United States, a larger spectacle unfolded, directly involving the highest office. In January, President Donald Trump unveiled an official meme coin called $TRUMP on the Solana blockchain, branded as the “only official Trump meme coin” preceding his inauguration, leveraging his persona and the passion of his supporters.

特朗普的$ trump tokenin美国，一个更大的景象展开，直接涉及最高职位。一月份，唐纳德·特朗普（Donald Trump）总统在索拉纳（Solana）区块链上宣布了一枚名为$ trump的官方模因硬币，在他就职典礼之前被称为“唯一的官方特朗普模因硬币”，利用​​他的角色和支持者的热情。

The subsequent hype was striking, even by crypto’s standards. Within days of its launch, $TRUMP surged to a peak market capitalization of over $14.5 billion, briefly trading around $73 per token. This remarkable spike coincided with a lavish “Crypto Ball” event in Washington D.C., hosted by the tech investor and Trump administration’s “Crypto Tsar,” David Sacks.

随后的炒作令人震惊，即使按照加密货币的标准也是如此。在推出后的几天内，特朗普飙升至市值超过145亿美元，短暂交易约73美元。这一引人注目的尖峰恰逢华盛顿特区举行的豪华“加密球”活动，由科技投资者和特朗普政府的“加密tsar”主持。

However, just a few days later, while weary partygoers nursed post-Crypto Ball hangovers, $TRUMP’s value began to plummet. By early February, merely two weeks post-launch, the token’s price had dropped to about two-thirds of its peak.

然而，仅仅几天后，当疲倦的聚会者护理了克雷普托·鲍尔（Crypto Ball）宿醉时，特朗普的价值开始下降。到2月初，即将启动两周后，令牌的价格已降至其峰值的三分之二。

Data from Chainalysis indicated that 50 prime holders had amassed over $10 million each, while around 200,000 small investors faced losses as the token’s valuation dropped. Insiders profited significantly, while a substantial number of retail MAGA supporters lured by

来自链分析的数据表明，每人50个主要持有人已积累了超过1000万美元，而随着代币的估值下降，大约200,000个小型投资者面临损失。内部人士获利，而大量的零售杂志支持者