The incoming President of the United States, Republican Trump, will participate in the presidential inauguration in 13 days, on January 20. What makes this election special is that Trump is the first U.S. president to openly support cryptocurrency. Moreover, there are some cryptocurrency supporters on his team, including the new SEC chairman Paul Atkins, the White House's first AI and Crypto Director David Sacks, and even supporters like Musk, who is one of the directors of the Department of Government Efficiency.
As this significant event approaches, which crypto projects and meme coins might attract attention and are worth laying out in advance? This article will outline some potential coins and meme coins based on the relationships of key figures in Trump's new government.
Concepts related to Trump
Inspired by the Trump concept, meme coins MAGA (TRUMP) and MAGA Hat (MAGA) have now become the leaders among American concept meme coins. As of January 6, these two tokens surged by 20.82% and 12.12% in one day, respectively.
MAGA (TRUMP)
MAGA (TRUMP) experienced a significant surge at the end of February last year, coinciding with a rise in the entire meme coin market. By the end of May 2024, Trump's supportive remarks on cryptocurrency and the impact of the Trump NFT gala caused TRUMP to surge again, reaching 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 originally a signature red hat launched by Trump during his 2016 presidential campaign, with 'Make America Great Again' written on it. Since then, it has become a symbol of Trump's MAGA movement, and now its token has also become part of the market.
Current Quote: $0.0001123
Current Market Cap: $46.12 million
There are also some DeFi project tokens related to the Trump family worth paying attention to, such as the ETH, cbBTC, LINK, AAVE, ENA, and ONDO tokens that World Liberty Financial has recently purchased in large quantities.
Concepts related to Musk
Dogecoin (DOGE)
Due to its abbreviation being the same as the Department of Government Efficiency, DOGE has become a potential investment target. Additionally, Musk himself is a loyal supporter of Dogecoin and often cheers for it on social media.
Current Quote: $0.3827
Current Market Cap: $56.4 billion
Department Of Government Efficiency (DOGE)
This is a meme coin that shares its name with the abbreviation of the 'Department of Government Efficiency' (DOGE), and it is related to Musk's Twitter avatar change, making it another project worth watching.
Current Quote: $0.2319
Current Market Cap: $227 million
Peanut the Squirrel (PNUT)
PNUT is a meme coin modeled after a squirrel, originating from an incident where the New York Environmental Protection Agency euthanized a squirrel due to rabies. Last November, PNUT became a focus for degenerate speculators, with its market cap surpassing $100 million in one day. Musk also participated in memorial activities for the squirrel, tweeting accusations against the Democrats, which led to a spike in PNUT's price. Musk once tweeted: 'America is saved by a squirrel and a meme coin.'
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 himself Kekius Maximus, drawing widespread attention. Musk also announced that he would name a new character in the game (Path of Exile) Kekius Maximus. Netizens speculate that this name is related to Pepe Meme culture. On January 2, Musk changed his avatar and nickname back to the original name, leading to a price correction of the related tokens.
Current Quote: $0.09975
Current Market Cap: $103 million
Concepts related to White House AI and Crypto Director David Sacks
David Sacks, the White House AI and Crypto Director, was a co-founder of PayPal and is one of the well-known 'PayPal Mafia' members and a close friend of Musk. There are reports that Sacks is also a supporter of SOL.
dYdX (DYDX)
dYdX is a project backed by Craft Ventures, founded by David Sacks. On December 6, 2024, after Sacks's appointment, DYDX's price rose by 30%.
Current Price: $1.60
Current Market Cap: $1.15 billion
Handshake (HNS)
Handshake is another project invested by Craft Ventures, supported by David Sacks's company.
Current Price: $0.01011
Current Market Cap: $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 Cap: $453 million
In addition, meme coins related to Sacks himself include David Sacks (SACKS), with a current market cap of $549,900; and Crypto Czar (CZAR), with a current market cap of $396,000.
There are also 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 currently has a market cap of $1.3 million, while GUS has a market cap of $36,000.
Concepts related to new SEC Chairman Paul Atkins
Reserve Rights (RSR)
Paul Atkins was an advisor to the Reserve protocol, so RSR has always been considered related to him. On December 4, 2024, news emerged that Atkins might become the SEC chairman, causing RSR's price to soar by 88%.
Current Price: $0.017
Current Market Cap: $896 million