Trump's new government team includes several politicians who support cryptocurrency. With the presidential inauguration on January 20, which cryptocurrency projects' tokens and meme coins are worth paying attention to and investing in?
Article author, source: Weilin, PANews
The president-elect of the United States, Republican Trump, will attend the presidential inauguration in 13 days, on January 20. This is the first elected U.S. president to support 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 Musk, who is one of the directors of the Department of Government Efficiency.
With this important event, which related cryptocurrency projects' tokens and meme coins are worth paying attention to and investing in? In this article, PANews organizes 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 should conduct their own research DYOR.)
Trump-related concepts
Inspired by the Trump concept, the meme coins MAGA (TRUMP) and MAGA Hat (MAGA) have become leading tokens in the American meme coin space. As of January 6, MAGA (TRUMP) and MAGA Hat (MAGA) rose by 20.82% and 12.12% respectively in a single day.
MAGA (TRUMP)
At the end of February last year, MAGA (TRUMP) saw a significant increase, benefiting from the overall uptrend in the meme coin market at that time. By the end of May 2024, due to Trump's supportive video remarks on cryptocurrency and the Trump NFT dinner, TRUMP surged again, reaching a historic high of $17.51 on June 1.
Current price: $3.12
Current market value: $141 million
MAGA Hat (MAGA)
The MAGA hat is a hat launched by Trump during the 2016 presidential campaign. It features a red background 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 value: $46.12 million
In addition, there are a batch of tokens related to the Trump family's DeFi project World Liberty Financial worth paying attention to, such as ETH, cbBTC, LINK, AAVE, ENA, ONDO, which the project recently bought in large quantities.
Musk-related concepts
Dogecoin DOGE
Due to its abbreviation being the same as the Department of Government Efficiency established by Trump and about to be led by Musk, DOGE became a potential target for investment. Additionally, Musk himself is also a loyal fan of Dogecoin.
Current price: $0.3827
Current market value: $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 value: $227 million
Peanut the Squirrel (PNUT)
PNUT is a meme coin based on a squirrel pet, which was euthanized by the New York Environmental Protection Agency due to rabies. On the first weekend of last November, PNUT became a hot topic among degens, with a market value exceeding $100 million in a single day. Musk joined in the memorial activities and tweeted repeatedly, which evolved into an attack on the Democratic Party. Musk tweeted on November 13 that "America was saved by a squirrel and a meme coin," causing a surge in PNUT.
Current price: $0.7361
Current market value: $734 million
Kekius Maximus (KEKIUS)
On December 31, 2024, Musk changed Twitter's avatar to an image resembling Pepe the Frog and renamed it to Kekius Maximus, attracting widespread attention. Musk had also mentioned that he would name a new character in the game (Path of Exile) Kekius Maximus. Internet users speculate that the name Kekius Maximus is related to Pepe Meme culture. On January 2, Musk's X account's frog avatar and the nickname "Kekius Maximus" were changed back to his real name, causing related concept coins to decline.
Current price: $0.09975
Current market value: $103 million
White House AI and cryptocurrency director David Sacks-related concepts
The White House AI and cryptocurrency director, David Sacks, was a co-founder of PayPal and is one of the well-known members of the "PayPal Mafia" and a close friend of Musk. Reports indicate that Sacks is also a supporter of SOL.
dYdX (DYDX)
dYdX is one of the projects invested in by Craft Ventures, founded by David Sacks. On December 6, 2024, with Sacks's appointment, DYDX rose 30%.
Current price: $1.60
Current market value: $1.15 billion
Handshake (HNS)
Handshake is also one of the projects invested in by Craft Ventures, which is owned by Sacks.
Current price: $0.01011
Current market value: $6.51 million
0x Protocol (ZRX)
David Sacks is an advisor to the 0x Protocol, whose token is ZRX.
Current price: $0.5336
Current market value: $453 million
In addition, meme coins related to Sacks himself include David Sacks (SACKS), with a current market value of $549,900; Crypto Czar (CZAR), with a current market value of $396,000.
Additionally, there are MOOSE and GUS, two meme coins related to David Sacks's pet dog. Sacks once interacted with the project team via Moose and has mentioned Gus on the X platform. MOOSE currently has a market value of $1.3 million, and GUS currently has a market value of $36,000.
Concept related to newly appointed SEC chairman Paul Atkins
Reserve Rights (RSR)
Paul Atkins was an advisor to the Reserve protocol, and RSR is thus considered linked to him. On December 4, 2024, RSR surged 88% amid rumors that Atkins would become SEC chairman.
Current price: $0.017
Current market value: $896 million
