Author: Weilin, PANews
After Trump was shot and "assassinated", Trump-themed virtual assets in the cryptocurrency market also experienced a large range of fluctuations, mainly around Trump-themed tokens and NFTs. After the shooting, MAGA (TRUMP) rose by more than 40% in half an hour, and MAGA (MAGA) rose by more than 35%. As of July 15, the prices of the two major tokens have fallen back, but a new batch of tokens have emerged, such as FJB (FJB), which rose 56.26% on the day.
As part of the meme coin, the price of Polifi tokens fluctuates more obviously with the US election and some news events related to candidates such as Trump. Industry insiders also gave their own opinions on whether these tokens will replace the more common meme coins and become the mainstream meme coins.
TRUMP and MAGA surge, 9 of the top 10 PoliFi tokens are Trump-themed
As of 5:00 p.m. on July 15, the top 10 PoliFi tokens ranked by CoinMarketCap's certified market capitalization are MAGA (TRUMP), MAGA (MAGA), Super Trump Coin (STRUMP), MAGA VP (MVP), Baby Trump (BSC) (BABY TRUMP), BABY TRUMP (BABY TRUMP), Make America Based Again (MABA), TrumpCoin (DJT), Doland Tremp (TREMP), and Jeo Boden (BODEN).
Among them, MAGA (TRUMP) rose 39.42% in 7 days and fell 16.94% on the day; MAGA (MAGA) rose 10.23% in 7 days and fell 16.98% on the day.
Sorted by intraday gains, FJB (FJB) rose 56.26%, MAGA Trump (MAGATRUMP) rose 44.55%, MAGA (TRUMP2024) rose 32.48%, and ULTRA MAGA (ULTRA) rose 25.4%. In the PoliFi token sector, Trump-themed tokens occupy almost the entire field.
In addition, the newly deployed Trump-themed tokens EAR and FIGHT also rose significantly after the attack. As of 5 pm on July 15, according to dexscreener data, FIGHT's FDV (full circulation market value) reached US$15.3 million. EAR's 6-hour increase reached 32.51%, but it fell 70.55% in 24 hours. The current FDV is US$4.8 million.
At the same time, the first series floor price of Trump's NFT "Trump Digital Trading Cards" experienced a new high of 933 MATIC (about US$502), and is now reported at US$422.15, up 121.59% in 7 days and down 12.24% on the day. The second series floor price of "Trump Digital Trading Cards" is US$65.5, up 16.93% in 7 days and up 2.1% on the day.
Trump-themed tokens fluctuate drastically with market news and election conditions
PoliFi's meme tokens merge politics, finance and community, so whenever a major event involving Trump or other politicians occurs, the price of these tokens will reflect it. Andrew Kang, co-founder of Mechanism Capital, said at X that investing in meme coins is based on the attention economy, and Trump has become a constant in the news cycle because of the United States. The bet is his continued presence in the media, not just his potential election victory.
Therefore, this type of token is greatly affected by news and election developments, and investors need to pay close attention to the relevant agenda reported by the media. For example, during the first live televised debate between Biden and Trump on June 27, local time, meme coins inspired by the two candidates experienced significant market price fluctuations. Super Trump Coin (STRUMP), MAGA (TRUMP), MAGA (MAGA) and Doland Tremp (TREMP), as well as the misspelled Jeo Boden (BODEN), all experienced varying degrees of decline.
On June 18, there were rumors that Trump was launching an official token $DJT on Solana. Subsequently, as the operator behind DJT was revealed, the DJT token began to plunge sharply. Dex Screener data showed that DJT's highest intraday decline was nearly 66.7%, and its market value was only about one-third of its peak.
Back on May 31, a New York jury found Trump guilty of all 34 charges. Trump was accused of falsifying business records, becoming the first former US president to be convicted. Subsequently, MAGA (TRUMP) plummeted in the short term and then rebounded sharply. FreeTrump (TRUMP) soared 592.5%. Other related currencies such as MAGA Hat (MAGA), Super Trump (STRUMP) and MAGA VP (MVP) fell by 10% to 25%.
This shows that the importance of paying attention to market news and social media cannot be ignored. When faced with major events, users who participate in meme investment should respond quickly and verify from multiple sources, correctly handle information and make timely decisions.
What is the future development potential of Polifi tokens? When is the right time to sell?
Regarding the growth potential of PoliFi tokens, crypto industry practitioners and KOLs have recently given different opinions. In March this year, Steven Steele, the marketing director of the MAGA project and a YouTube talk show host, said: "My real goal is to make this project comparable to DOGE or SHIB, to that scale, market value and popularity."
“For many investors, it has developed into the de facto election betting market,” Steele said. “In the meme scene, people want a demagogue, someone who is exciting and unpredictable, who is seen as a total rebel… In the eyes of many people, Trump embodies all of those qualities.”
Andrew Kang has a similar view. As early as February this year, Mechanism Capital, led by Andrew, had already established a position in Trump-themed meme tokens and NFTs.
"Until the summer, so he'll continue to be in the news cycle. And then, of course, there's the election. This time the bet is not just about whether Trump will win. Polls show he's likely to win, but that's not the point. The point is that he'll continue to be in the headlines and people will continue to talk about Trump. His whole strategy is to be provocative, to make outrageous and interesting statements to get people's attention," Kang said on X.
"Not only are there these elections, but there are also court cases and prosecutions that are going to be tried, which will become catalysts or events that attract more attention. Including the federal election subversion case, the Mar-a-Lago confidential documents case, the Georgia election subversion case, the New York hush money case, the Trump Organization civil fraud trial, etc. There are some Trump coins on the market now, but in my opinion, only the one with the highest market value will have durability and become the focus of all Trump-related speculation," he said.
In his opinion, all meme coins are at risk. "The main risk here is Trump himself selling all his $TRUMP (currently worth about $1 million) and disowning the coin. This could kill it instantly, or it could go the way of $DOGE/$SHIB, where the founder of the former sold all his tokens and disowned, and Vitalik of the latter also sold his tokens. However, both found staying power after these events."
Andrew said that after the election, if the token experiences significant growth, there may be a "sell the news" effect. “I would expect a period of consolidation following his election victory, similar to what Dogecoin did after its association with Elon Musk.”
“As the campaign heats up, these memecoins are likely to become a gauge of candidate popularity. While their volatility is tied to hype around the politicians they track, their growth is also a profound reflection of broader market dynamics,” noted Max Jones, CEO and co-founder of MemePad.