Based on the core personnel relationships in Trump's new government, a series of potential concept coins and meme coins have been identified.
Written by: Weilin, PANews
The incoming President of the United States, Republican Donald Trump, will attend the presidential inauguration on January 20, just 13 days from now. He is the first U.S. president elected who supports cryptocurrency, and his team includes several politicians who also support cryptocurrency, such as the new SEC Chairman Paul Atkins, the first White House Director of Artificial Intelligence and Cryptocurrency David Sacks, and one of the heads of the Department of Government Efficiency, Elon Musk, among others.
With this significant event, which related cryptocurrency 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 core personnel relationships in the new government.
(Note: This article does not constitute any investment advice. Meme coins are highly volatile, and users should conduct their own research DYOR.)
Trump-Related Concepts
Inspired by the Trump concept, the meme coins MAGA (TRUMP) and MAGA Hat (MAGA) have become leading tokens in the U.S. meme coin space. As of January 6, MAGA (TRUMP) and MAGA Hat (MAGA) rose by 20.82% and 12.12% respectively in one day.
MAGA (TRUMP)
At the end of February last year, MAGA (TRUMP) saw a significant increase, benefiting from the overall upward trend in the meme coin market at that time. By the end of May 2024, due to Trump's supportive statements about cryptocurrency in videos and the impact of the Trump NFT gala, TRUMP surged again, reaching 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 his 2016 presidential campaign. It features a red base with the campaign slogan "Make America Great Again" printed in white uppercase letters. Since then, it has become a symbol of Trump's MAGA movement.
Current Price: $0.0001123
Current Market Cap: $46.12 million
In addition, there are several tokens related to the Trump family's DeFi project World Liberty Financial worth noting, such as ETH, cbBTC, LINK, AAVE, ENA, ONDO, which the project has recently purchased in large quantities.
Musk-Related Concepts
Dogecoin (DOGE)
Due to its abbreviation being the same as the Department of Government Efficiency that Trump established and Musk is set to lead, DOGE has become a potential target for investment. Additionally, Musk himself is a loyal fan of Dogecoin.
Current Price: $0.3827
Current Market Cap: $56.4 billion
Department Of Government Efficiency (DOGE)
A meme coin that shares 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 pet squirrel, which was euthanized by the New York Department of Environmental Protection due to rabies. During the first weekend of November last year, PNUT became a hot topic among degens, with its market cap surpassing $100 million in one day. Musk joined the memorial activities and tweeted multiple times, turning it into a campaign against the Democrats. Musk tweeted on November 13, "America was saved by a squirrel and a meme coin," which triggered 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 it Kekius Maximus, attracting widespread attention. Musk also mentioned that he would name a new character in the game "Path of Exile" Kekius Maximus. Netizens speculated that the name Kekius Maximus has some relation 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 the related concept coin.
Current Price: $0.09975
Current Market Cap: $103 million
David Sacks, White House AI and Crypto Director
David Sacks, the White House AI and Crypto Director, was a co-founder of PayPal and is a well-known member of the "PayPal Mafia" and a close friend of Musk. Reports suggest that Sacks is also a supporter of SOL.
dYdX (DYDX)
dYdX is one of the projects invested by Craft Ventures, founded by David Sacks. On December 6, 2024, following Sacks' appointment, DYDX rose by 30%.
Current Price: $1.60
Current Market Cap: $1.15 billion
Handshake (HNS)
Handshake is also one of the projects invested by Sacks' company 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
Additionally, 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' pet dogs. Sacks has interacted with the project team through Moose and has 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.
New SEC Chairman Paul Atkins Related Concepts
Reserve Rights (RSR)
Paul Atkins previously served as an advisor to the Reserve Protocol, and RSR is therefore considered linked to him. On December 4, 2024, RSR surged by 88% due to rumors that Atkins would become the SEC Chairman.
Current Price: $0.017
Current Market Cap: $896 million
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