As the 2024 U.S. election approaches, the cryptocurrency market has seen a wave of political meme coins, giving birth to a new and unique category: PolitiFi. These tokens were inspired by political figures such as Trump and Biden, and while not officially associated, they quickly attracted a lot of attention with the help of comedic effects and rewritten spellings such as BODEN and TREMP.
CoinGecko officially classified these tokens into the PolitiFi section on March 5. Currently, the market value of PolitiFi meme currency has reached US$112 million. Despite its lack of practical use, the upcoming U.S. presidential election could significantly impact its market value.
Top 5 PolitiFi Tokens
MAGA
MAGA is one of the earliest political meme coins on the market, inspired by Trump’s “Make America Great Again” slogan. Since its launch in August 2023, MAGA's market value has exceeded US$365 million, becoming the world's leading political meme currency, with a 4800% increase in 2024. Trump’s personal holdings of MAGA tokens are worth more than $7.7 million.
BODEN
The rapid rise of the TRUMP token has given rise to rival BODEN, a Democratic-themed meme token. BODEN soared 230 times in a month, shocking the entire community.
PEOPLE
ConstitutionDAO created the PEOPLE token. Although it failed to purchase the original copy of the U.S. Constitution, the PEOPLE token performed well in the PolitiFi market, with its value increasing by 660% in the past year.
TREMP
TREMP is a meme coin on the Solana blockchain that humorously alludes to Trump. Since its launch in March 2024, TREMP has traded up 377% and is currently at $0.5872, having reached an all-time high of $1.65.
TOOKER
Inspired by Tucker Carlson, TOOKER attracts a lot of attention with its hilarious animated news clips and interview style. Since its launch in March 2024, TOOKER has had more than 26,800 holders and a market value of US$19 million.
future outlook
The market performance of these political meme coins suggests that PolitiFi will continue to receive attention from investors and speculators as the 2024 U.S. election approaches. Seizing this political wave may be a new opportunity for you to invest in cryptocurrency!
