川普和 MELANIA Memecoin 引起了加密貨幣業內人士的憤怒

唐納德·川普(Donald Trump) 在2025 年就職前夕推出的備受爭議且廣受歡迎的memecoin，是對川普最直言不諱的批評者之一，而這些人正是他可能希望吸引的加密貨幣愛好者。

Donald Trump's foray into the crypto realm has sparked mixed reactions within the industry. While some hail the move as a sign of endorsement for cryptocurrencies, others voice concerns over potential conflicts of interest and the trivialization of the sector.

唐納德·川普進軍加密貨幣領域引發了業內不同的反應。雖然有些人稱讚此舉是對加密貨幣認可的標誌，但其他人則對潛在的利益衝突和該行業的平凡化表示擔憂。

Fresh off his 2025 inauguration, Trump has unveiled two new memecoins: TRUMP and MELANIA. The coins, named after the president and first lady, respectively, have ignited a firestorm of discussion in the crypto community.

剛結束 2025 年就職典禮的川普推出了兩種新的迷因幣：川普和梅蘭妮亞。這些硬幣分別以總統和第一夫人的名字命名，引發了加密社群的激烈討論。

TRUMP coin, launched on Jan. 17, saw a rapid surge in value, climbing from $7 to an all-time high of $75 within 24 hours before settling at $38. The coin's price movements have left some traders elated, with reports emerging of overnight gains in the millions.

川普幣於 1 月 17 日推出，其價值迅速飆升，在 24 小時內從 7 美元攀升至 75 美元的歷史新高，最後收於 38 美元。該代幣的價格走勢讓一些交易員興奮不已，有報告指出該代幣隔夜漲幅達數百萬美元。

However, the astronomical rise has also sparked concern among industry insiders. The potential for conflicts of interest is a focal point of the backlash, with critics raising concerns that the token could enable individuals to curry favor with the president.

不過，天價上漲也引發了業內人士的擔憂。潛在的利益衝突是強烈反對的焦點，批評者擔心該代幣可能使個人能夠討好總統。

According to X, former White House communications director turned crypto advocate Anthony Scaramucci voiced his apprehensions. “The most perilous aspect of Trump coin for the nation is what follows. Now, anyone globally can effectively deposit money into the bank account of the President of the United

根據 X 報道，前白宮通訊主管、加密貨幣倡導者 Anthony Scaramucci 表達了他的擔憂。 「川普硬幣對國家來說最危險的方面如下。現在，全球任何人都可以有效地將錢存入美國總統的銀行帳戶

States with just a few clicks. Every favor—be it geopolitical, corporate, or personal—is now openly for sale.”

只需點擊幾下即可獲得狀態。每一個恩惠——無論是地緣政治的、企業的還是個人的——現在都可以公開出售。

The decision to launch a memecoin has also sparked broader criticism within the crypto industry. While memecoins have become a prominent use-case for blockchain technology, many developers argue they reinforce a get-rich-quick perception that undermines the sector's credibility.

推出迷因幣的決定也引發了加密產業內更廣泛的批評。儘管模因幣已成為區塊鏈技術的一個重要用例，但許多開發人員認為，它們強化了快速致富的觀念，從而損害了該行業的可信度。

Gabor Gurbacs, founder of digital asset firm Pointsville, posted on X: “Trump needs to dismiss his crypto advisors, from top to bottom.”

數位資產公司 Pointsville 的創始人 Gabor Gurbacs 在 X 上發帖稱：“川普需要從上到下解僱他的加密貨幣顧問。”

Specific concerns have been raised about the coin's distribution. According to blockchain analytics firm Bubblemaps, 80% of TRUMP tokens are concentrated in a small number of blockchain addresses controlled by CNC Digital, the firm that launched the coin. Such concentration is a hallmark of potential "pump-and-dump" schemes, where insiders inflate a token’s value before selling off their holdings, leaving other investors with losses.

人們對硬幣的分配提出了具體的擔憂。根據區塊鏈分析公司 Bubblemaps 的數據，80% 的 TRUMP 代幣集中在由該貨幣發行公司 CNC Digital 控制的少數區塊鏈位址中。這種集中度是潛在「拉高拋售」計畫的一個標誌，即內部人士在拋售所持代幣之前抬高代幣的價值，從而使其他投資者蒙受損失。

There's no evidence that Trump's team plans to "dump" its tokens. Nicolas Vaiman, CEO of Bubblemaps, noted to CoinDesk that the distribution of TRUMP tokens at least matched what was outlined on its official website. Additionally, the insider-held tokens align with prior distributions of Trump's NFT trading cards, which were also managed by CNC Digital, meaning the tokens may be reserved for the president's NFT holders.

沒有證據表明川普團隊計劃「拋售」其代幣。 Bubblemaps 執行長 Nicolas Vaiman 向 CoinDesk 指出，TRUMP 代幣的分佈至少與其官方網站上概述的相符。此外，內部持有的代幣與川普 NFT 交易卡的先前分配一致，這些卡片也由 CNC Digital 管理，這意味著這些代幣可能會保留給總統的 NFT 持有者。

However, the same transparency does not apply to MELANIA. According to Bubblemaps, about 89% of MELANIA tokens are controlled by insiders. The on-chain supply does not match an official distribution breakdown on the token's website, which earmarked 35% of tokens for "public distribution" and "community."

然而，同樣的透明度並不適用於 MELANIA。根據 Bubblemaps 的數據，約 89% 的 MELANIA 代幣由內部人士控制。鏈上供應與代幣網站上的官方分配細目不符，該網站指定 35% 的代幣用於「公共分配」和「社區」。

According to Vaiman, the First Lady's memecoin has cast a shadow over the original TRUMP coin. “TRUMP could have been a statement from President Trump saying, ‘I endorse crypto,'” Vaiman said. “Melania launching her tokens feels like they just want to make as much money as they can on this, and then forget about it. It gives this a different flavor.”

據維曼稱，第一夫人的迷因幣給原來的川普幣蒙上了陰影。 “川普可能是川普總統的聲明，說‘我支持加密貨幣’，”瓦伊曼說。 「梅蘭妮亞推出她的代幣感覺就像他們只是想以此賺盡可能多的錢，然後就忘記它了。它賦予了這一切不同的味道。