Title: Trump – Making America Great Again on the Blockchain
Introduction:
The MAGA movement on the blockchain has donated 436.5 ETH to US veterans and children’s rescue organizations. It is the most widely spread meme named after Trump.
MAGA Meme Coin (X):
https://x.com/magamemecoin
Analysis:
The majority of liquidity is concentrated on the ETH chain, with SOL and BNB chains having lower depths. MAGA was one of the earliest US election tokens and gained attention as Trump participated in the election. With Trump’s friendly stance towards cryptocurrencies, it has gained increasing attention. It is currently the largest election-themed meme in terms of market value.
Contract addresses:
ETH: 0x576e2bed8f7b46d34016198911cdf9886f78bea7
SOL: HaP8r3ksG76PhQLTqR8FYBeNiQpejcFbQmiHbg787Ut1
BNB: 0x4ea98c1999575aaadfb38237dd015c5e773f75a2
As of May 28th, there are over 18,000 long-term holders. The rate of increase in long-term holders during this growth period has been the fastest.
MAGA Hat Coin (X):
https://x.com/MagaHAT_ETH
Analysis:
MAGA stands out among other memecoins for several reasons. Its recognizable MAGA hat makes it a friendly entry point for cryptocurrency newcomers. It is not just about Trump; MAGA represents a broader movement that will continue even after Trump’s presidency. It already had a large community unrelated to cryptocurrencies before the token was launched.
Contract address: ETH 0xd29da236dd4aac627346e1bba06a619e8c22d7c5
Tremp (X):
https://x.com/dolandtremp_sol
Introduction:
Tremp is a cartoon version of Trump. The contract was created on February 28, 2023, and gained significant traction with animated versions of Trump’s gifs and short videos. Its growth rate has slowed down recently. It currently has a market value of $110 million with a liquidity pool of $2.8 million.
Contract address: FU1q8vJpZNUrmqsciSjp8bAKKidGsLmouB8CBdf8TKQv
Strump (X):
https://x.com/SuperTrumpCoin
Introduction:
Strump is a comic book version of Trump. The contract was scheduled to launch on February 27, 2023, but due to some assumptions, it was added to the pool on March 1, 2023. It currently has a market value of $30 million with a liquidity pool of $1.8 million and a trading volume of $14 million in the last 24 hours. It recently gained attention from investors, causing its price to increase fourfold.
Contract address: 0x7039cd6d7966672f194e8139074c3d5c4e6dcf65
Boden (X):
https://x.com/boden4pres
Introduction:
Boden is a cartoon character based on Biden. It currently has a market value of $222 million with a liquidity pool of $3.6 million.
Contract address: 3psH1Mj1f7yUfaD5gh6Zj7epE8hhrMkMETgv5TshQA4o
Kama (X):
https://x.com/kamalahorriss
Introduction:
Kama is a token based on Vice President Kamala Harris. It is meant for satire and is not associated with any individual, entity, or brand. It was created on March 29, 2024, and currently has a market value of $800,000 with a liquidity of $70,000.
Contract address: HnKkzR1YtFbUUxM6g3iVRS2RY68KHhGV7bNdfF1GCsJB
Justice (X):
https://x.com/AssangeDAO
Introduction:
Justice is an AssangeDAO project that originated in 2022 to raise funds for Julian Assange’s rescue. It gained recent attention due to Trump’s statement about considering pardoning Assange. However, its price has dropped significantly compared to its previous highs and is gradually declining with decreasing popularity.
Contract address: 0x59d1e836f7b7210a978b25a855085cc46fd090b5
People (X):
https://x.com/constitutiondao
Introduction:
People is a Constitution DAO project that aimed to crowdfund the purchase of a copy of the US Constitution. Although the purchase was unsuccessful, it inspired many and gained increased enthusiasm. The involvement of retail investors prompted Binance, the largest exchange, to list it. Its popularity has been increasing with the election.
Contract address: 0x7a58c0be72be218b41c608b7fe7c5bb630736c71
USA (X):
https://x.com/USA_ON_CHAIN
Introduction:
USA represents those who want to revive America using the power of cryptocurrency. It was born in 2008 during the financial crisis with the hope of an alternative to Bitcoin. It now has a market value of $44 million with a liquidity pool of $1 million.
Contract address: 69kdRLyP5DTRkpHraaSZAQbWmAwzF9guKjZfzMXzcbAs
Tooker (X):
https://x.com/tookerkurlson
Introduction:
Tooker Kurlson creates satirical and imitative short videos on hot topics related to the US election and the crypto community. It was created on March 11, 2024, and currently has a market value of $74 million with a liquidity pool of $1.5 million.
Contract address: 9EYScpiysGnEimnQPzazr7Jn9GVfxFYzgTEj85hV9L6U
In summary, the mentioned memes represent a significant portion of the election-themed projects. However, caution should be exercised when considering smaller pools with higher risks and asymmetric returns.
Memes are vehicles for emotions, and empathy drives their growth. Projects that transition to different narratives tend to be forgotten as users move on to the next stage. Understanding the stage of a meme’s narrative is crucial for success.
According to XT Labs analyst Tony, recent friendly statements from Trump and Biden towards cryptocurrencies indicate that both parties are trying to attract voters. The political power play will accelerate changes in the cryptocurrency market’s direction and regulatory framework. The meme season may be followed by the ETF season at an unexpected speed and manner. The Trump and Biden factions may align with different factions within the crypto community until the end of the election, creating an exciting meme war and ETF battle.
References:
https://dune.com/magacoin/trump
https://dune.com/gemstatestacker/maga
https://www.voachinese.com/a/biden-trump-agree-to-debates-in-june-and-september-20240515/7613781.html
https://dune.com/obchakevich/political-memes
