Worldcoin (WLD) Sees Remarkable 46% Surge Following Major Token Unlock Announcement
July 18, 2024
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Worldcoin (WLD) Experiences Significant Price Surge Amid Major Development The…
The Trump Effect: Meme Coins Surge in Wake of Election Season Drama
Since the attack, the likelihood of Trump’s victory has increased, shifting the theme of U.S. election memes specifically towards Trump-focused memes. Related tokens saw varying degrees of rise on the day of the attack, which also spurred the creation of more memes. This article updates the recent situation and price performance of major Trump-themed tokens.
FIGHT (Fight to Maga)
FIGHT (Fight to Maga) is a meme named after Trump’s rallying cry “Fight” to his supporters post-shooting, expressing his campaign resolve. It appears on both the Solana and Ethereum blockchains. Currently, Ethereum’s Fight is listed on centralized exchanges like Gate.io, HTX, Lbank, and Poloniex, while Solana’s Fight is listed on exchanges like MEXC and XT.com. Overall, Ethereum’s Fight resources are better, offering greater sustainability. The incident also spawned other tokens like EAR and FEAR NOT, though they have weaker consensus.
TRUMP (Maga)
TRUMP (Maga) is a token named after Trump and is currently the highest market cap meme within this theme, though its recent performance has been lackluster.
MAGA (Maga Hat)
MAGA (Maga Hat) stands for Make America Great Again, Trump’s 2016 campaign slogan, with its logo featuring Trump’s iconic red hat. The team announced a partnership with DWF Labs on June 19, but internal differences emerged on July 14. Maga’s official Twitter (@MagaHAT_ETH) announced the departure of founder FUD (@WhaleFUD), who claimed he did not leave voluntarily. WhaleFud continued to sell MAGA via DEXs like Uniswap and 1inch, and the MAGA tokens in the flagged address have now been cleared. Following disputes with the original team, WhaleFud began promoting a series of low-cap Trump-themed tokens, including #MARRON (Trump’s son’s name), #MAPE (Maga Pepe), and #HAIR, with MAPE being the largest non-stablecoin holding in his address.
PEOPLE (ConstitutionDAO)
PEOPLE (ConstitutionDAO) was established in November 2021 with the aim to purchase an original copy of the U.S. Constitution and has no direct connection to Trump himself. However, it is among the most politically related and liquid memes on Binance. The official Twitter has not engaged in any election-related marketing and ceased operations in February 2024.
Speculation on future trends: This sector is likely to continue featuring relatively dispersed funds, easily shifting attention, and a fast pace of speculation. Funds in the TRUMP named token are being distributed among other tokens like Super Trump and Baby Trump, and WhaleFud leading fans away from maga demonstrates the characteristic competitiveness of multiple similarly named tokens across various blockchains. Given Trump’s knack for leveraging media and marketing, it’s speculated that more meme tokens could be spawned by Trump’s remarks or new political slogans, making it difficult for a single token to unify community consensus.
Disclaimer: The projections and information presented here are for educational purposes only and should not be considered financial advice. CoinGrab.Asia assumes no responsibility for any losses resulting from the use of this data. Readers are encouraged to perform their own research and proceed cautiously before engaging in any related activities.
