Which Memecoins are worth laying in wait for as the election approaches?
Author: Shaofaye123, Foresight News
Amid the various cats and dogs, real and fake, after the hype around Satoshi Nakamoto. As the November election approaches, the political narrative seems to be quietly approaching. Musk's profile change, PAC's overnight surge, this article will take you through the Memecoins related to the political narrative and lay in wait for the popular targets in advance.
PAC
PAC in the US refers to a Political Action Committee, which pools members' campaign contributions and donates funds to support or oppose candidates, ballot initiatives, or legislation. PACs are typically formed by individuals who wish to privately raise funds for political campaigns, representing business, labor, or ideological interests. Elon Musk's Twitter profile change with a website link is a Super PAC, with no donation limit, established in May 2024, aimed at supporting Donald Trump. Musk claimed in a July 22 interview that the purpose of creating the America PAC is to support "Making America Great Again" in the future.
PAC was created on July 22 and remained dormant for 3 months, but after Musk changed his Twitter profile, it surged overnight to $20M. It has since pulled back, with an FDV of $13.3M and 4,056 holder addresses on-chain.
Official Twitter: https://x.com/americapaconeth
MAGA (Trump)
A token named after former US President Trump and his campaign slogan "Make America Great Again" (MAGA). The project creator once gifted 580,000 tokens to Trump. Trump has now built a large community, and is the largest market cap Memecoin themed around Trump, with total donations reaching $1.89 million. The price of TRUMP spiked briefly after Trump was assassinated.
MAGA (Trump) was created on August 11, 2023, and reached an all-time high of $17.66 on June 1, 2024. The current FDV is $228.7M, the price is $4.97, and there are 37,960 holder addresses on-chain, with the top 10 holdings accounting for about 30%.
Official Twitter: https://x.com/MAGAMemecoin
MAGA (MAGA Hat)
The MAGA Hat is Trump's red cap, and as another Memecoin influenced by the "Make America Great Again" slogan, its propagation properties are relatively stronger and more meme-like.
MAGA (MAGA Hat) was created on August 11, 2023, with a current FDV of $70.5M, a price of $0.0001706, and 21,776 holder addresses on-chain, with the top 10 holdings accounting for about 36%, with the top chips concentrated on Gate.
Official Twitter: https://x.com/MagaCoinX
FIGHT
The FIGHT token was created on the day of the attack on Trump, stemming from Trump's salute to the crowd at the scene of the assassination attempt and his high-fiving "FIGHT". Subsequently, FIGHT, EAR, and FEARNOT appeared on ETH and Solana, with FIGHT and EAR performing particularly well, both surging over 100x. As the event hype faded, the related tokens almost went to zero, with FIGHT relatively better performing.
FIGHT was created on July 14, 2024, with a current FDV of $10.6M, a price of $0.01078, and 8,365 holder addresses on-chain, with the top 10 holdings accounting for about 46%.
Official Twitter: https://x.com/Fight2Maga
PEOPLE
The PEOPLE token stems from the idea of decentralized autonomy. Its emergence is related to ConstitutionDAO. PEOPLE conducted a social experiment to crowdfund the purchase of the last publicly auctioned copy of the US Constitution at Sotheby's, in order to achieve the goal of "collective ownership" - a symbol of human rights and the spirit of decentralization. PEOPLE has a left-wing tint in its core, with a certain meme property. Relying on the ideas of human rights and decentralization, PEOPLE has gained a large number of supporters and funds. Binance announced the listing of PEOPLE's spot trading pair in May.
PEOPLE currently has an FDV of $385.9M and a price of $0.07618.
BURGER
The BURGER token stems from Trump's first use of Bitcoin to purchase a hamburger, and some believe this is similar to the first PIZZA purchase, a huge event.
BURGER currently has an FDV of $3.2M and 3,658 holder addresses on-chain, with the top 10 holdings accounting for about 16%.
Official Twitter: https://x.com/BTCCryptoBurger
TREMP
TREMP (Doland Tremp) is inspired by Trump's Memecoin, deployed on the Solana chain. By deliberately misspelling Trump's name, it creates a quirky Memecoin.
TREMP currently has an FDV of $37.3M and 34,221 holder addresses on-chain.
Official Twitter: https://x.com/dolandtremp_sol
MAGA VP
MAGA VP aims to support Trump's election as vice president. It once airdropped 1 million MVP tokens to Trump's wallet as a show of support for the MAGA spirit.
MAGA VP currently has an FDV of $2.3M and 2,015 holder addresses on-chain.
Official Twitter: https://x.com/magaVPcoin
Others
- Super Trump (STRUMP): A Memecoin that combines Trump's image with a superhero theme, currently with an FDV of $549K and 1,910 holder addresses on-chain.
- Saveamerica: Trump's book.
- USA: A Memecoin with the attributes of the Declaration of Independence.
- HARRIS: A Harris Memecoin, currently with an FDV of $5M and 4,889 holder addresses on-chain.
- KAMA: A Harris Memecoin, currently with an FDV of $8.9M and 10,616 holder addresses on-chain.
