Author: Weilin, PANews
The incoming President of the United States, Republican Trump, will attend the inauguration on January 20, 13 days later. This is the first time a president supporting cryptocurrency has been elected, and Trump's team includes several politicians who support cryptocurrency, such as new SEC Chair Paul Atkins, the first White House AI and cryptocurrency director David Sacks, and one of the heads of the government efficiency department, Musk, among others.
With this significant event, which related crypto projects' tokens and meme coins may be worth paying attention to and investing in? In this article, PANews outlines 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
Inspired by Trump-related concepts, meme coins MAGA (TRUMP) and MAGA Hat (MAGA) have become leading tokens in American meme coins. As of January 6, MAGA (TRUMP) and MAGA Hat (MAGA) rose 20.82% and 12.12% in a single day, respectively.
MAGA (TRUMP)
At the end of February last year, MAGA (TRUMP) saw significant increases, benefiting from the overall rise of the meme coin market at that time. By the end of May 2024, due to Trump's supportive video statements about cryptocurrency and the Trump NFT dinner, TRUMP surged again significantly and reached an all-time high of $17.51 on June 1.
Current Quote: $3.12
Current Market Cap: $141 million
MAGA Hat (MAGA)
The MAGA hat was launched by Trump during the 2016 presidential campaign. It has the campaign slogan 'Make America Great Again' printed in white uppercase letters on a red background. Since then, it has become a symbol of Trump's MAGA movement.
Current Quote: $0.0001123
Current Market Cap: $4.612 million
In addition, a group of tokens related to the DeFi project World Liberty Financial by the Trump family are worth noting, such as ETH, cbBTC, LINK, AAVE, ENA, ONDO, which the project has recently purchased in large quantities.
Musk-related concepts
Dogecoin (DOGE)
Due to its abbreviation being the same as the government efficiency department established by Trump and soon to be led by Musk, DOGE becomes a potential target for investment. Additionally, Musk himself is also a loyal fan of Dogecoin.
Current Quote: $0.3827
Current Market Cap: $56.4 billion
Department Of Government Efficiency (DOGE)
A meme coin sharing the same name as the government efficiency department's abbreviation
Current Quote: $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. During the first weekend of November last year, PNUT became a speculative target for Degen traders, and its market cap broke $100 million in a day. Musk joined the memorial activities and tweeted repeatedly, transforming it into an attack on the Democrats. Musk tweeted on November 13, stating, 'America is saved by a squirrel and a meme coin,' which triggered a surge in PNUT.
Current Quote: $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 it Kekius Maximus, attracting widespread attention. Musk had also mentioned that he would name a new character in the game (Path of Exile) Kekius Maximus. Netizens speculate that 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 own name, leading to a decline in related concept coins.
Current Quote: $0.09975
Current Market Cap: $103 million
White House AI and Crypto Director David Sacks-related concepts
David Sacks, White House AI and Crypto Director, was a co-founder of PayPal and is known as a member of the 'PayPal Mafia' and a close friend of Musk. Reports suggest that Sacks 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 30%.
Current Quote: $1.60
Current Market Cap: $1.15 billion
Handshake (HNS)
Handshake is also one of the projects invested by Craft Ventures, a company under Sacks.
Current Quote: $0.01011
Current Market Cap: $651,000
0x Protocol (ZRX)
David Sacks is an advisor to the 0x Protocol, whose token is ZRX.
Current Quote: $0.5336
Current Market Cap: $453 million
Additionally, 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 MOOSE and GUS, two meme coins related to David Sacks' pet dogs. Sacks has interacted with the project team regarding Moose and has mentioned Gus on the X platform. MOOSE currently has a market cap of $1.3 million, and GUS has a market cap of $36,000.
New SEC Chair Paul Atkins-related concepts
Reserve Rights (RSR)
Paul Atkins previously served as an advisor for the Reserve protocol, which is thus considered linked to him. On December 4, 2024, RSR surged 88% due to rumors that Atkins would become SEC Chair.
Current Quote: $0.017
Current Market Cap: $896 million
