Author: Weilin, PANews
Former US President Donald Trump won the presidential election last year and will be inaugurated on January 20. As the first US president to support cryptocurrencies, Trump’s team includes several politicians who also support cryptocurrencies, such as new SEC Chairman Paul Atkins, White House AI and crypto czar David Sacks, and Elon Musk, the head of the Department of Government Efficiency.
With this significant event, which related cryptocurrencies and meme coins may be worth watching and investing in? In this article, PANews will outline a series of potential concept coins and meme coins based on Trump’s core personnel relationships in the new government.
(Note: This article does not constitute any investment advice; meme coins are highly volatile, and readers should conduct their own research DYOR.)
Trump-related concept coins
Inspired by Trump, meme coins MAGA (TRUMP) and MAGA Hat (MAGA) have become the top tokens among American concept meme coins. 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 surge, 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 video statements on cryptocurrencies and the Trump NFT gala, TRUMP surged again, reaching an all-time high of 17.51 USD on June 1.
Current price: 3.12 USD
Current market value: 141 million USD
MAGA Hat (MAGA)
The MAGA hat was introduced by Trump during the 2016 presidential campaign. It features the campaign slogan 'Make America Great Again' printed in white uppercase letters on a red background. Since then, it has become a symbol of the Trump MAGA movement.
Current price: 0.0001123 USD
Current market value: 46.12 million USD
Moreover, there is 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 has recently acquired in large amounts.
Musk-related concept coins
Dogecoin (DOGE)
Due to its name being the same as the abbreviation for the Department of Government Efficiency, which was established by Trump and is to be led by Musk, DOGE has become a potential investment target. Additionally, Musk is a staunch fan of Dogecoin.
Current price: 0.3827 USD
Current market value: 56.4 billion USD
Department Of Government Efficiency (DOGE)
A meme coin sharing the same name as the Department of Government Efficiency
Current price: 0.2319 USD
Current market value: 227 million USD
Peanut the Squirrel (PNUT)
PNUT is a meme coin based on the internet celebrity squirrel Peanut, which was euthanized by the New York EPA due to concerns of rabies infection. During the first weekend of November last year, PNUT became a hot topic among degens, with its market value surpassing 100 million USD in just one day. Musk joined the memorial activities and tweeted repeatedly, leading to an attack on the Democrats. On November 13, Musk tweeted, 'The US was saved by a squirrel and meme coin,' triggering a surge in PNUT.
Current price: 0.7361 USD
Current market value: 734 million USD
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 also mentioned that he would name the 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 reverted the frog avatar and the nickname 'Kekius Maximus' back to his real name, causing related concept coins to decline.
Current price: 0.09975 USD
Current market value: 103 million USD
Concept coin related to the White House AI and crypto czar David Sacks
David Sacks, the White House AI and crypto czar, is a co-founder of PayPal and one of the well-known 'PayPal veterans' and a close friend of Musk. There are reports that Sacks is also a supporter of Solana (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 USD
Current market value: 1.15 billion USD
Handshake (HNS)
Handshake is also one of the projects invested by Craft Ventures under Sacks.
Current price: 0.01011 USD
Current market value: 6.51 million USD
0x Protocol (ZRX)
David Sacks is an advisor to the 0x Protocol, whose token is ZRX.
Current price: 0.5336 USD
Current market value: 453 million USD
Additionally, meme coins related to the concept of David Sacks include David Sacks (SACKS), with a current market value of 549,900 USD; Crypto Czar (CZAR), with a current market value of 396,000 USD.
There are also MOOSE and GUS, two meme coins related to David Sacks's pet dogs. Sacks interacted with the project team using Moose and mentioned Gus on the X platform. MOOSE currently has a market value of 1.3 million USD, and GUS has a market value of 36,000 USD.
Concept coins related to new SEC Chairman Paul Atkins
Reserve Rights (RSR)
Paul Atkins previously served as an advisor to the Reserve Protocol, so RSR is considered linked to him. On December 4, 2024, RSR surged by 88% due to rumors that Atkins would become SEC chairman.
Current price: 0.017 USD
Current market value: 896 million USD
(The above content is excerpted and reprinted with permission from partner PANews; original link)
Statement: The article only represents the personal views of the author and does not represent the views and positions of Block客. All content and views are for reference only and do not constitute investment advice. Investors should make their own decisions and trades; the author and Block客 will not bear any responsibility for any direct or indirect losses resulting from investor trading.
"Ambush the 'Trump administration market'? An article summarizing: the new government's 'crypto team' and related concept coins" was originally published on (Block客).
