Author: Weilin, PANews
The incoming U.S. president, Republican Trump, will attend the U.S. presidential inauguration in 13 days, on January 20. He is the first U.S. president elected who supports cryptocurrencies, and several politicians in Trump's team also support cryptocurrencies, such as the new SEC chairman Paul Atkins, the first White House AI and cryptocurrency director David Sacks, and one of the heads of the Department of Government Efficiency, Musk, etc.
Along with this important event, which related crypto projects' tokens and meme coins might be worth paying attention to and investing in? In this article, PANews outlines a series of potential concept coins and meme coins based on Trump's key relationships in the new government.
(Note: This article does not constitute any investment advice, meme coins are highly volatile, users must conduct their own research DYOR.)
Trump-related concepts
Inspired by Trump concepts, the meme coins MAGA (TRUMP) and MAGA Hat (MAGA) have become leading tokens in the U.S. meme coin category. As of January 6, MAGA (TRUMP) and MAGA Hat (MAGA) surged 20.82% and 12.12% respectively in one day.
MAGA (TRUMP)
At the end of February last year, MAGA (TRUMP) experienced significant growth, 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 remarks about cryptocurrencies in videos and the impact of the Trump NFT dinner, TRUMP surged again and reached 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 that read 'Make America Great Again'. Since then, it has become a symbol of the Trump MAGA movement.
Current price: $0.0001123
Current market cap: $46.12 million
In addition, there is a batch of tokens related to the Trump family's DeFi project World Liberty Financial that are worth noting, such as ETH, cbBTC, LINK, AAVE, ENA, ONDO, which the project has recently bought in large quantities.
Musk-related concepts
Dogecoin DOGE
Due to its abbreviation being the same as the Department of Government Efficiency that Musk is set to lead, DOGE became a potential target for investments. Additionally, 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 name 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 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 its market cap exceeding $100 million in just one day. Musk joined the memorial activities and tweeted multiple times, 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', triggering 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, attracting widespread attention. Musk 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 related to Pepe meme culture. On January 2, Musk's X account's frog avatar and 'Kekius Maximus' nickname were changed back to his real name, leading to a decline in related concept coins.
Current price: $0.09975
Current market cap: $103 million
White House AI and Crypto Director David Sacks related concepts
White House AI and Crypto Director, David Sacks, is a co-founder of PayPal and a well-known member of the 'PayPal Mafia' and a close friend of Musk. There are reports that Sacks is also a supporter of SOL.
dYdX (DYDX)
dYdX is one of the projects founded by David Sacks' Craft Ventures. On December 6, 2024, following Sacks' appointment, DYDX rose 30%.
Current price: $1.60
Current market cap: $1.15 billion
Handshake (HNS)
Handshake is also one of the projects invested by Sacks' Craft Ventures.
Current price: $0.01011
Current market cap: $6.51 million
0x Protocol (ZRX)
David Sacks is an advisor to 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), current market cap $549,900; Crypto Czar (CZAR), current market cap: $396,000.
There are also MOOSE and GUS, two meme coins related to David Sacks' pet dogs. Sacks has previously interacted with Moose and has mentioned Gus on the X platform. MOOSE current market cap is $1.3 million, GUS current market cap is $36,000.
Concepts related to the newly appointed SEC chairman Paul Atkins
Reserve Rights (RSR)
Paul Atkins once served as an advisor for the Reserve protocol, thus RSR is considered linked to it. On December 4, 2024, RSR surged 88% due to rumors that Atkins would become the SEC chairman.
Current price: $0.017
Current market cap: $896 million
