Source: Cycle Capital Research
Since the attack, Trump's chances of winning have further increased, and the US election theme meme has turned into a Trump-themed meme. The relevant tokens all rose to varying degrees on the day of the attack, and the incident also spawned more memes. This article will update the recent situation and price performance of the main Trump-themed tokens.
FIGHT (Fight to Maga) is a meme of the same name that appeared on Solana and Ethereum chains after Trump shouted "Fight" to his supporters after being shot to express his determination to run for office. Currently, Fight on Ethereum is listed on centralized exchanges such as Gate.io, HTX, Lbank and Poloniex, while Fight on Solana is listed on exchanges such as MEXC and XT.com. Overall, Fight on Ethereum has better resources and relatively strong sustainability. The incident also spawned tokens such as EAR and FEAR NOT, but the consensus is weak.
TRUMP (Maga), the eponymous token of Trump, is currently the meme with the highest market value in this theme, and its recent performance has been relatively weak.
MAGA (Maga Hat), the abbreviation of Make America Great Again (Trump's 2016 campaign slogan), has a logo of Trump's iconic red hat. The team announced a partnership with DWF Labs on June 19, but disagreements arose internally on July 14. Maga's official Twitter account (@MagaHAT_ETH) announced that its founder FUD (@WhaleFUD) had withdrawn from the team, while WhaleFUD tweeted that it was not a voluntary withdrawal. Subsequently, WhaleFud continued to sell MAGA through DEXs such as uniswap and 1inch, and the MAGA tokens in the marked address have been cleared. After the dispute with the original team, WhaleFud began to promote a series of Trump-themed small-cap tokens, including #MARRON (Trump's son's name), #MAPE (Maga Pepe), #HAIR, etc. At present, the largest non-stable currency position of its address is MAPE.
PEOPLE (ConstitutionDAO), established in November 2021, aims to purchase an original copy of the U.S. Constitution. It has no direct relationship with Trump himself, but is the most relevant and liquid meme on the Binance exchange related to U.S. politics. The official Twitter account has no marketing tied to the U.S. election and will cease operations in February 2024.
Subsequent speculation: This sector presents and may continue to maintain the characteristics of relatively dispersed funds, easy to divert attention, and fast hype. The funds of TRUMP tokens with the same name are dispersed by tokens such as Super Trump and Baby Trump. WhaleFud led fans to escape maga, and multiple tokens with the same name compete on various chains, which all show the characteristics of this sector. Based on Trump's good use of the media and marketing, it is speculated that there is a possibility that more meme tokens will be spawned by Trump's remarks and new political slogans, making it difficult for a token to unify the community consensus. ️
The Memecoin market is full of high risks and high rewards. The key to success lies in social media popularity and community support, but investors need to be cautious to cope with the extremely high volatility and scam risks.
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