According to ChainCatcher, according to the analysis of Nansen, an on-chain data provider, the PoliFi token field is at the forefront of the integration of politics, finance and cryptocurrency. Trump-themed tokens have seen a sharp rise in the past few weeks, creating a group of new millionaires.
Although the launch of the TRUMP tokens is not directly related to former U.S. President Donald Trump, traders view the tokens as a speculative bet on his ongoing presidential campaign.
According to data from CoinGecko, the meme coin MAGA (TRUMP) token has risen nearly 75% in the past two weeks. On Tuesday, the Trump campaign announced that it would begin accepting cryptocurrency donations (including Bitcoin, Ethereum, Dogecoin and SHIB), and the token price rose 14%.
During this process, some addresses holding MAGA (TRUMP) saw unrealized gains of over 1,600%. One of these addresses holds over $5.5 million worth of tokens.
Several addresses bought six-figure amounts of TRUMP tokens and now have unrealized gains of more than $1 million. They are gradually reducing their holdings but are not selling in a way that could cause a sudden price crash. As a result, these sales were made before Tuesday's campaign donation announcement.
However, data shows that those who bought TRUMP tokens more recently have seen lower returns on their investments and a lower overall win rate.
Meanwhile, the value of TRUMP tokens sent to wallets actually associated with Trump has risen to nearly $5 million. A wallet allegedly associated with Trump received $7,100 in TRUMP tokens sent by the meme coin developer between August and October 2023.
Sending tokens to wallets associated with well-known entities is sometimes used as a marketing strategy by meme coin projects as it can attract attention and spark investor interest.
Earlier, the Trump campaign officially announced on Tuesday that it would begin accepting cryptocurrency donations , and supporters could donate using "any cryptocurrency accepted through Coinbase Commerce products." The campaign said: "Restrictions and disclosure requirements for cryptocurrency donations will follow the regulations of the Federal Election Commission."
