The US President-elect, Republican Trump, will attend the US presidential inauguration ceremony in 13 days, on January 20. This is the first US President elected to support cryptocurrency. Trump's team also has many politicians who support cryptocurrency, such as the new SEC Chairman Paul Atkins, the first White House artificial intelligence and cryptocurrency director David Sacks, and Musk, one of the directors of the Department of Government Efficiency, and so on.
With this important event, which tokens and meme coins of related crypto projects may be worth paying attention to and planning? In this article, PANews sorted out a series of potential concept coins and meme coins based on the core relationships of Trump 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 concepts
Meme coins inspired by Trump concepts, MAGA (TRUMP) and MAGA Hat (MAGA), have become leading tokens in the U.S. meme coin space. As of January 6, MAGA (TRUMP) and MAGA Hat (MAGA) rose by 20.82% and 12.12% in a single day, respectively.
MAGA (TRUMP)
At the end of February last year, MAGA (TRUMP) saw a significant rise, benefiting from the overall uptrend in the meme coin market at that time. By the end of May 2024, due to Trump's supportive comments on cryptocurrency and 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 was launched by Trump during the 2016 presidential campaign. It features a red base with white uppercase letters printed with the campaign slogan 'Make America Great Again'. Since then, it has become a symbol of Trump's MAGA movement.
Current price: $0.0001123
Current market cap: $46.12 million
In addition, there are a number of tokens related to the Trump family's DeFi project World Liberty Financial that are worth noting, such as the ETH, cbBTC, LINK, AAVE, ENA, ONDO, etc. that the project has recently bought in large quantities.
Musk-related concepts
Dogecoin DOGE
Due to its name being the same as the abbreviation for the Department of Government Efficiency, which Trump established and Musk is set to lead, DOGE has become a potential target for layout. Moreover, 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 abbreviation as 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 pet squirrel, whose prototype was euthanized by the New York Environmental Protection Agency due to rabies. On the first weekend of last November, PNUT became a speculative object among degens, with a market cap exceeding $100 million in a single day. Musk joined the memorial activity and tweeted, which evolved into an attack on the Democratic Party. Musk tweeted on November 13, stating 'America is 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 Pepe the Frog and renamed himself Kekius Maximus, drawing 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 has some relation to Pepe meme culture. On January 2, Musk's X account's frog avatar and the nickname 'Kekius Maximus' changed back to his real name, causing related concept coins to decline.
Current price: $0.09975
Current market cap: $103 million
Concepts related to White House AI and crypto chief David Sacks
White House AI and crypto chief David Sacks, a co-founder of PayPal, is one of the well-known 'PayPal Mafia' members and a close friend of Musk. Reports suggest 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, with Sacks's 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's company Craft Ventures.
Current price: $0.01011
Current market cap: $6.51 million
0x Protocol (ZRX)
David Sacks is an advisor for 0x Protocol, whose token is ZRX.
Current price: $0.5336
Current market cap: $453 million
Additionally, meme coins related to the concept of 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.
In addition, there are MOOSE and GUS, two meme coins related to David Sacks's pet dog. Sacks once interacted with Moose and mentioned Gus on the X platform. MOOSE has a current market cap of $1.3 million, and GUS has a current market cap of $36,000.
Concepts related to new SEC Chairman Paul Atkins
Reserve Rights (RSR)
Paul Atkins previously served as an advisor for the Reserve protocol, thus RSR is considered linked to him. On December 4, 2024, RSR surged by 88% on rumors that Atkins would become SEC chairman.
Current price: $0.017
Current market cap: $896 million
