As the November election approaches, political elements seem to be quietly integrated into the crypto market. Musk changed his Twitter profile, and PAC prices soared overnight. This article will take you through Memecoin, which is closely linked to politics, and reveal potential hot investment targets for you.
PAC, short for Political Action Committee, is responsible for pooling campaign donations from members in the United States and using those funds to support or oppose specific candidates, ballot initiatives, or legislative activities. PACs are usually composed of individuals who want to raise money for political campaigns, and these individuals often represent business, labor, or specific ideological interests. It is worth mentioning that Elon Musk changed his profile on Twitter and attached a website link to a Super PAC, which was established in May 2024 to support Donald Trump. Driven by Musk, the price of PAC soared in a short period of time.
In addition to PAC, tokens named after Trump and his campaign slogan "Make America Great Again" (MAGA) have also attracted much attention. The creator of MAGA once gave 580,000 tokens to Trump. At present, this Trump-themed Memecoin has established a large community and its market value ranks among the top Trump-themed Memecoins. Especially after Trump's assassination, the price of this token has skyrocketed in a short period of time.
In addition, there is a Memecoin inspired by Trump's red hat - MAGA Hat. This token has stronger communication properties and more Meme characteristics. Although it has the same name as the MAGA (Trump) token, there are differences in the creation time and market performance of the two.
On the day Trump was attacked, a token called FIGHT was born. The token was inspired by the scene where Trump greeted the crowd and shouted "FIGHT" after the assassination. Subsequently, contracts for tokens such as FIGHT, EAR, and FEARNOT appeared on blockchains such as Ethereum and Solana. Although the prices of these tokens almost returned to zero as the heat of the incident faded, FIGHT performed relatively well.
PEOPLE is also worth paying attention to. This token is derived from the concept of decentralized autonomy and is related to ConstitutionDAO. It purchased the last publicly auctioned copy of the US Constitution at Sotheby's auction through crowdfunding, aiming to achieve the goal of "common ownership", a symbol of human rights and the spirit of decentralization. With the concept of human rights and decentralization, PEOPLE has gained a large number of supporters and funds.
In addition, there are tokens such as BURGER and TREMP that are closely related to political elements. The inspiration for the BURGER token comes from the first time Trump used Bitcoin to buy a hamburger; TREMP is a funny memecoin that deliberately misspelled Trump's name.
As the election approaches, Memecoin, which is closely linked to political elements, is becoming a new focus. Investors can pay close attention to the market performance of these tokens and look for potential investment opportunities.
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