自2019年，美國總統唐納德·特朗普（Donald Trump）說，加密貨幣的價值“基於稀薄的空氣”，他已經走了很長一段路。

州民主捍衛者基金會的一份新報告估計，由於加密貨幣

U.S. President Donald Trump has come a long way since he said the value of crypto was “based on thin air” in 2019. So much so that he is now one of the sector’s largest proponents, foraying into memecoins, DeFi, NFTs, and even stablecoins.

自從他說加密貨幣的價值在2019年“基於稀薄的空氣”以來，美國總統唐納德·特朗普（Donald Trump）已經走了很長一段路。如此之多，以至於他現在是該行業最大的支持者之一，涉足成員，defi，nfts，nfts甚至stablecoins。

A new report by the State Democracy Defenders Fund estimates that Trump’s family has increased their net worth by $2.9 billion thanks to crypto, and that now 40% of that net worth is being held in crypto assets.

國家民主捍衛者基金會的一份新報告估計，由於加密貨幣，特朗普的家人將其淨資產提高了29億美元，而現在，加密貨幣資產中有40％的淨資產。

His deepening ties to the industry have reverberated across the political landscape, to the point that a broadly bipartisan stablecoin bill failed in a key vote Thursday after Democrats expressed concern about the extent to which he is profiting off the sector.

他與該行業的加深聯繫在整個政治景觀中都迴盪，以至於週四民主黨人對他從該行業中獲利的程度表示關注之後，週四，一項廣泛的兩黨制定法案在主要投票中失敗了。

Trump's support helped spark a continued bull market after his election victory in November, a market that's been dominated by two trends: memecoins and institutional adoption of bitcoin (BTC) via ETFs. While the latter is the province of, generally, institutional investors and providers, it's the memecoin business that puts retail investors at risk and is potentially ripe for exploitation.

特朗普的支持在11月的選舉勝利之後幫助引發了一個持續的牛市，這個市場由兩種趨勢占主導地位：Memecoins和通過ETFS的機構採用比特幣（BTC）。儘管後者通常是機構投資者和提供商的省份，但Memecoin業務使散戶投資者處於危險之中，並有可能剝削。

On Thursday, Solidus Labs claimed that 98% of memecoins issued on the token creation platform pump.fun were rug pulls or pump-and-dump schemes. The platform has since refuted the report's claims.

週四，Solidus Labs聲稱，在令牌創建平台泵中發行的Memecoin中有98％是地毯拉力或泵送和降低計劃。此後，該平台駁斥了報告的主張。

Another analysis by Chainalysis, cited by CNBC, suggested that the vast majority of TRUMP token holders lost money.

CNBC引用的鏈分析的另一項分析表明，絕大多數特朗普代幣持有人損失了錢。

A memecoin is a type of crypto token with no inherent value, often based, as the name suggests, on a meme or cartoon character. Popular examples of this are dogecoin (DOGE), shiba inu (SHIB) and pepe (PEPE). The craze reached a climax in January when Trump touted his own TRUMP token on social media, followed by MELANIA— named after his wife.

Memecoin是一種加密代幣，沒有固有的值，通常基於模因或卡通字符的名稱。此類的流行例子是Dogecoin（Doge），Shiba Inu（Shib）和Pepe（Pepe）。一月份，當特朗普在社交媒體上吹捧自己的特朗普代幣，其次是梅拉尼亞（Melania），以他的妻子的名字命名。

TRUMP, which hit a day-one peak of $77.26, is now trading at $10.80, down a whopping 86%. MELANIA slumped even further, losing more than 97% of its value in four months to trade recently at 33 cents.

特朗普（Trump）達到77.26美元的一日高峰，現在的交易價格為10.80美元，下降了86％。梅拉尼亞（Melania）進一步暴跌，最近在四個月內損失了其價值的97％以上，最近以33美分的價格交易。

The hype around Trump’s social media post led to a flurry of trading activity. Data from Chainalysis reveals that 760,000 wallets, mainly belonging to retail investors, lost money on the TRUMP token.

圍繞特朗普社交媒體帖子的炒作導致了一系列交易活動。鏈分析的數據表明，主要屬於零售投資者的760,000個錢包在特朗普令牌上損失了錢。

A small group of people, however, was immune to those losses. The Chainanalysis data show 58 wallets made profits in excess of $10 million. The token’s creators netted a whopping $320 million in trading fees, although it’s worth noting that around 5% of the fees went to the decentralized exchange Meteora, which hosted the launch.

但是，一小群人對這些損失免疫。鏈分析數據顯示，58個錢包的利潤超過了1000萬美元。代幣的創作者獲得了高達3.2億美元的交易費用，儘管值得注意的是，大約5％的費用去了投放發射的分散交易所Meteora。

MELANIA was allegedly scooped up by a group of insiders before it was advertised on social media in a technique known as “sniping.” This group of insiders made $100 million on MELANIA tokens by swapping tokens for USDC after its price doubled, according to an investigation by the Financial Times.

據稱，梅拉尼亞（Melania）被一群內部人士sc起，然後在社交媒體上以一種稱為“狙擊”的技術進行宣傳。根據《金融時報》的一項調查，這組內部人士在梅拉尼亞代幣中賺了1億美元，在梅拉尼亞代幣中將代幣交換後，其價格翻了一番。

One insider with access to the tokens before they went live was Kelsier Ventures’ Hayden Davis, who revealed his involvement during an interview in February. Davis was also the brains behind the botched LIBRA stablecoin that brought political chaos to Argentina.

Kelsier Ventures的海頓·戴維斯（Hayden Davis）是一位有內幕人士，可以在他們上線之前獲得代幣，他在2月的一次採訪中透露了他的參與。戴維斯（Davis）也是使政治混亂帶到阿根廷的爆發的天秤座stablecoin背後的大腦。

In an interview with Coffeezilla in February, Davis said: “This is going to put me in a lot of danger. Which is fine, I’ll answer. I was a part of it [MELANIA]. I think the team did want to snipe it because of how big the snipe was on TRUMP. We definitely weren’t the big sniper, that was what we were trying to avoid. We didn't take any liquidity out, zero.”

戴維斯在二月份接受咖啡齊拉的採訪時說：“這將使我陷入很多危險。這很好，我會回答。我是其中的一部分。

Trump’s crypto network

特朗普的加密網絡

Trump’s foray into crypto isn't limited to memecoins.

特朗普對加密貨幣的嘗試不僅限於成人。

The U.S. president’s family is also behind World Liberty Financial, a decentralized finance (DeFi) platform that raised around $590 million across two pre-sale rounds earlier this year. It raised funds at a time when the market was resting around all-time highs, so that figure of raised crypto is now much less. Arkham Intelligence data suggests that World Liberty Financial holds around $103 million worth of crypto.

美國總統的家人也落後於世界自由金融（World Liberty Financial），這是一個分散的財務（DEFI）平台，今年早些時候在兩次預售的回合中籌集了約5.9億美元。它在市場臨近歷史最高點的時候籌集了資金，因此，高架加密貨幣的數字現在要少得多。 Arkham Intelligence數據表明，World Liberty Financial持有價值約1.03億美元的加密貨幣。

Trump also attempted to ride the coattails of non-fungible token (NFT) hype in 2022, releasing a series of cartoons depicting the president as a superhero or a cartoon character. Trump made around $8 million from rolling out these NFTs, according to financial disclosures.

特朗普還試圖在2022年乘坐不可殺死的代幣（NFT）炒作的牛tail，釋放了一系列描繪總統是超級英雄或卡通角色的動畫片。根據財務披露，特朗普通過推出這些NFT賺了大約800萬美元。

Most recently, there was the crypto dinner event, which saw Trump host a group of 25 TRUMP holders to a private dinner and tour of his Virginia golf club. A Bloomberg report reveals that 19 of those 25 holders were either foreign entities or used an offshore exchange banned

最近，舉行了加密晚宴，該活動看到特朗普接待了一組25個特朗普持有者，參加了私人晚餐，並參觀了他的弗吉尼亞高爾夫俱樂部。彭博社的一份報告顯示，這25個持有人中有19個是外國實體，要么使用近海交易所被禁止