自2019年，美国总统唐纳德·特朗普（Donald Trump）说，加密货币的价值“基于稀薄的空气”，他已经走了很长一段路。

州民主捍卫者基金会的一份新报告估计，由于加密货币

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.

自从他说加密货币的价值在2019年“基于稀薄的空气”以来，美国总统唐纳德·特朗普（Donald Trump）已经走了很长一段路。如此之多，以至于他现在是该行业最大的支持者之一，涉足成员，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.

国家民主捍卫者基金会的一份新报告估计，由于加密货币，特朗普的家人将其净资产提高了29亿美元，而现在，加密货币资产中有40％的净资产。

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.

他与该行业的加深联系在整个政治景观中都回荡，以至于周四民主党人对他从该行业中获利的程度表示关注之后，周四，一项广泛的两党制定法案在主要投票中失败了。

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月的选举胜利之后帮助引发了一个持续的牛市，这个市场由两种趋势占主导地位：Memecoins和通过ETFS的机构采用比特币（BTC）。尽管后者通常是机构投资者和提供商的省份，但Memecoin业务使散户投资者处于危险之中，并有可能剥削。

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.

周四，Solidus Labs声称，在令牌创建平台泵中发行的Memecoin中有98％是地毯拉力或泵送和降低计划。此后，该平台驳斥了报告的主张。

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

CNBC引用的链分析的另一项分析表明，绝大多数特朗普代币持有人损失了钱。

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是一种加密代币，没有固有的值，通常基于模因或卡通字符的名称。此类的流行例子是Dogecoin（Doge），Shiba Inu（Shib）和Pepe（Pepe）。一月份，当特朗普在社交媒体上吹捧自己的特朗普代币，其次是梅拉尼亚（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）达到77.26美元的一日高峰，现在的交易价格为10.80美元，下降了86％。梅拉尼亚（Melania）进一步暴跌，最近在四个月内损失了其价值的97％以上，最近以33美分的价格交易。

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.

围绕特朗普社交媒体帖子的炒作导致了一系列交易活动。链分析的数据表明，主要属于零售投资者的760,000个钱包在特朗普令牌上损失了钱。

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，一小群人对这些损失免疫。链分析数据显示，58个钱包的利润超过了1000万美元。代币的创作者获得了高达3.2亿美元的交易费用，尽管值得注意的是，大约5％的费用去了投放发射的分散交易所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.

据称，梅拉尼亚（Melania）被一群内部人士sc起，然后在社交媒体上以一种称为“狙击”的技术进行宣传。根据《金融时报》的一项调查，这组内部人士在梅拉尼亚代币中赚了1亿美元，在梅拉尼亚代币中将代币交换后，其价格翻了一番。

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的海顿·戴维斯（Hayden Davis）是一位有内幕人士，可以在他们上线之前获得代币，他在2月的一次采访中透露了他的参与。戴维斯（Davis）也是使政治混乱带到阿根廷的爆发的天秤座stablecoin背后的大脑。

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.”

戴维斯在二月份接受咖啡齐拉的采访时说：“这将使我陷入很多危险。这很好，我会回答。我是其中的一部分。

Trump’s crypto network

特朗普的加密网络

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

特朗普对加密货币的尝试不仅限于成人。

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.

美国总统的家人也落后于世界自由金融（World Liberty Financial），这是一个分散的财务（DEFI）平台，今年早些时候在两次预售的回合中筹集了约5.9亿美元。它在市场临近历史最高点的时候筹集了资金，因此，高架加密货币的数字现在要少得多。 Arkham Intelligence数据表明，World Liberty Financial持有价值约1.03亿美元的加密货币。

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.

特朗普还试图在2022年乘坐不可杀死的代币（NFT）炒作的牛tail，释放了一系列描绘总统是超级英雄或卡通角色的动画片。根据财务披露，特朗普通过推出这些NFT赚了大约800万美元。

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，举行了加密晚宴，该活动看到特朗普接待了一组25个特朗普持有者，参加了私人晚餐，并参观了他的弗吉尼亚高尔夫俱乐部。彭博社的一份报告显示，这25个持有人中有19个是外国实体，要么使用近海交易所被禁止