Article source: Weilin
Author: Weilin, PANews
The incoming U.S. President, Republican Trump, will attend the U.S. presidential inauguration in 13 days, on January 20. He is the first president elected who supports cryptocurrency, and Trump's team includes several politicians who support cryptocurrency, such as the new SEC chairman Paul Atkins, the first White House AI and cryptocurrency director David Sacks, and one of the heads of the Department of Government Efficiency, Musk, among others.
With this important event, which related crypto projects' tokens and meme coins might be worth paying attention to? In this article, PANews outlines a series of potential concept coins and meme coins based on Trump's core relationships in the new government.
(Note: This article does not constitute any investment advice; meme coins are highly volatile, and users must conduct their own research DYOR.)
Trump-related concept
Meme coins MAGA (TRUMP) and MAGA Hat (MAGA), inspired by the Trump concept, have become the leading meme tokens in the U.S. concept meme coin space. As of January 6, MAGA (TRUMP) and MAGA Hat (MAGA) rose by 20.82% and 12.12%, respectively, in one day.
MAGA (TRUMP)
At the end of February last year, MAGA (TRUMP) saw a significant rise, benefiting from the overall upward trend in the meme coin market at that time. At the end of May 2024, due to Trump's supportive remarks about cryptocurrency in a video and the impact of the Trump NFT gala, TRUMP surged again, reaching an all-time high of $17.51 on June 1.
Current Price: $3.12
Current Market Cap: $141 million
MAGA Hat (MAGA)
The MAGA Hat is a hat launched by Trump during the 2016 presidential campaign. It features a red base with the campaign slogan 'Make America Great Again' printed in white capital letters. Since then, it has become a symbol of Trump's MAGA movement.
Current Price: $0.0001123
Current Market Cap: $46.12 million
Furthermore, there are a number of tokens related to the DeFi projects of the Trump family, World Liberty Financial, worth paying attention to, such as ETH, cbBTC, LINK, AAVE, ENA, ONDO, which the project has recently purchased in large quantities.
Musk-related concept
Dogecoin DOGE
Due to its abbreviation being the same as the Department of Government Efficiency established by Trump and to be led by Musk, DOGE has become a potential target for investment. Additionally, Musk himself is also a loyal fan of Dogecoin.
Current Price: $0.3827
Current Market Cap: $56.4 billion
Department Of Government Efficiency (DOGE)
A meme coin with the same name as the abbreviation of the Department of Government Efficiency
Current Price: $0.2319
Current Market Cap: $227 million
Peanut the Squirrel (PNUT)
PNUT is a meme coin based on a squirrel pet, whose prototype was euthanized by the New York Environmental Protection Agency due to rabies. On the first weekend of last November, PNUT became a target for speculation among Degen, and its market cap surpassed $100 million in one day. Musk joined the memorial activity and tweeted multiple times, which evolved into an attack on the Democratic Party. On November 13, Musk tweeted that 'America was saved by a squirrel and a meme coin,' which triggered a surge in PNUT.
Current Price: $0.7361
Current Market Cap: $734 million
Kekius Maximus (KEKIUS)
On December 31, 2024, Musk changed his Twitter avatar to an image resembling the Pepe frog and renamed it Kekius Maximus, attracting widespread attention. Musk also mentioned that he would name a new character in the game (Path of Exile) Kekius Maximus. According to netizens, the name Kekius Maximus is somewhat related to Pepe meme culture. On January 2, Musk's X account's frog avatar and 'Kekius Maximus' nickname were changed back to his original name, and related concept coins saw a decline.
Current Price: $0.09975
Current Market Cap: $103 million
Concept related to White House AI and cryptocurrency director David Sacks
David Sacks, the White House AI and cryptocurrency director, was a co-founder of PayPal and is one of the well-known members of the 'PayPal Mafia' and a close friend of Musk. There are reports that Sacks himself is also a supporter of SOL.
dYdX (DYDX)
dYdX is one of the projects invested by Craft Ventures, founded by David Sacks. On December 6, 2024, following Sacks' appointment, DYDX rose by 30%.
Current Price: $1.60
Current Market Cap: $1.15 billion
Handshake (HNS)
Handshake is also one of the projects invested by Sacks' company, Craft Ventures.
Current Price: $0.01011
Current Market Cap: $6.51 million
0x Protocol (ZRX)
David Sacks is an advisor to the 0x Protocol, and the token for this project is ZRX.
Current Price: $0.5336
Current Market Cap: $453 million
In addition, meme coins related to Sacks himself include David Sacks (SACKS), with a current market cap of $549,900; Crypto Czar (CZAR), with a current market cap of $396,000.
Additionally, there are two meme coins related to David Sacks' pet dogs, MOOSE and GUS. Sacks has interacted with Moose and has mentioned Gus on the X platform. MOOSE currently has a market cap of $1.3 million, and GUS currently has a market cap of $36,000.
Concept related to new SEC chairman Paul Atkins
Reserve Rights (RSR)
Paul Atkins has served as an advisor to the Reserve Protocol, which is why RSR is considered linked to him. On December 4, 2024, RSR surged by 88% due to rumors that Atkins would become the SEC chairman.
Current Price: $0.017
Current Market Cap: $896 million
