lying in ambush 'Trump took office market'? A comprehensive review: US new government 'encryption team', related concepts coin

Author: Weilin, PANews

Former US President Donald Trump won the presidential election last year and became the president-elect of the United States. The inauguration ceremony will be held on January 20th. As the first US president to support cryptocurrency, Trump's team also includes several politicians who support cryptocurrency, such as Paul Atkins, the new chairman of the US Securities and Exchange Commission (SEC), David Sacks, the first White House AI and cryptocurrency czar, and Elon Musk, the Minister of Government Efficiency, etc.

With this important event, which related cryptocurrency projects' tokens and Meme coins are worth paying attention to and investing in? In this article, PANews will sort out a series of potential conceptual coins and Meme coins based on Trump's core relationships in the new government.

Note: This article does not constitute any investment advice. Meme coin has a high volatility, readers must conduct their own research DYOR.

Trump-related concept currency

MAGA Coin (TRUMP) and MAGA Hat (MAGA), inspired by Trump, have become the top tokens of the American concept Meme Coin. As of January 6th, MAGA (TRUMP) and MAGA Hat (MAGA) have increased by 20.82% and 12.12% respectively in one day.

MAGA (TRUMP)

At the end of February last year, MAGA (TRUMP) saw a sharp rise, benefiting from the overall uptrend in the meme coin market at that time. At the end of May 2024, due to Trump's support for cryptocurrency in his video comments and the impact of the Trump NFT dinner, TRUMP rose sharply again, reaching a historical high of $17.51 on June 1st.

Current quote: $3.12

Current market cap: 1.41 billion US dollars

MAGA Hat (MAGA)

The MAGA hat is a hat introduced by Trump during the 2016 presidential campaign. It features the campaign slogan 'Make America Great Again' in uppercase white letters on a red background. Since then, it has become a symbol of Trump's MAGA movement.

Current quote: 0.0001123 USD

Current market value: 46.12 million US dollars

In addition, there are also a number of tokens related to the DeFi project World Liberty Financial of the Trump family that are worth paying attention to, such as the recent large purchases of ETH, cbBTC, LINK, AAVE, ENA, ONDO, etc.

Musk-related concept coin

Dogecoin (DOGE)

Because it shares the same abbreviation as the government efficiency department established by Trump and led by Musk, DOGE has become a potential layout target. In addition, Musk himself is also a loyal fan of Dogecoin.

Current quote: 0.3827 USD

Current market value: 56.4 billion US dollars

Department Of Government Efficiency (DOGE)

A meme coin with the same name as the abbreviation of the Government Efficiency Department

Current quote: 0.2319 US dollars

Current Market Cap: 2.27 billion US dollars

Peanut the Squirrel (PNUT)

PNUT is a meme coin based on the prototype of the internet celebrity squirrel Peanut. Peanut was euthanized by the New York Environmental Protection Agency due to the risk of rabies infection. In the first weekend of November last year, PNUT became the speculation target of degens, and its market value surpassed 100 million US dollars in one day. Musk joined the mourning event and tweeted continuously, evolving into a condemnation of the Democratic Party. Musk once tweeted on November 13th, "America is saved by a squirrel and a meme coin," triggering the skyrocketing of PNUT.

Current quote: 0.7361 US dollars

Current market value: $734 million

Kekius Maximus(KEKIUS)

On December 31, 2024, Musk changed his Twitter profile picture to a image similar to Pepe the Frog and changed his name to Kekius Maximus, which attracted widespread attention. Musk also mentioned that he would name a new character in the game 'Path of Exile' as Kekius Maximus. Netizens speculate that the name Kekius Maximus is related to Pepe meme culture. On January 2, Musk's profile picture and nickname 'Kekius Maximus' on the X account were changed back to his real name, causing certain concept coins to fall.

Current quote: 0.09975 US dollars

Current market value: 103 million US dollars

White House AI and crypto tsar David Sacks related concept coins

David Sacks, the artificial intelligence and crypto czar of the White House, is one of the co-founders of PayPal and a close friend of Elon Musk, known as a PayPal veteran. There are reports that Sacks himself is also a supporter of Solana (SOL).

dYdX (DYDX)

dYdX is one of the projects invested by Craft Ventures founded by David Sacks. On December 6, 2024, with Sacks' appointment, DYDX rose 30%.

Current quote: 1.60 US dollars

Current Market Cap: 11.5 billion US dollars

Handshake (HNS)

Handshake is also one of the projects invested by Craft Ventures, a company under Sacks.

Current quote: 0.01011 US dollars

Current market value: 651 million US dollars

0x Protocol (ZRX)

David Sacks is an advisor to the 0x Protocol, whose token is ZRX.

Current quote: 0.5336 US dollars

Current Market Cap: 4.53 billion US dollars

In addition, there are meme coins related to the concept of Sacks, including David Sacks (SACKS), with a current market value of 549.9 thousand US dollars; Crypto Czar (CZAR), with a current market value of 396 thousand US dollars.

There are also MOOSE and GUS, two meme coins related to David Sacks's pet dog. Sacks had interacted with the project side using Moose and mentioned Gus in a tweet on X platform. MOOSE currently has a market value of $1.3 million and GUS has a market value of $36,000.

New SEC Chairman Paul Atkins related concept currencies

Reserve Rights (RSR)

Paul Atkins has served as an advisor to the Reserve protocol, so RSR is considered to be associated with it. On December 4, 2024, RSR soared 88% on rumors that Atkins would become the chairman of the SEC.

Current quote: 0.017 US dollars

Current Market Cap: $896 million

(The above content is excerpted and reproduced with the authorization of partner PANews, original link )

Statement: The article represents the author's personal views and opinions, not the perspective and position of Blockclients. All content and views are for reference only and do not constitute investment advice. Investors should make their own decisions and trades, and the author and Blockclients will not be responsible for any direct or indirect losses incurred by investors' transactions.

The article 'Laying in Wait for the 'Trump Administration Market'? A Review: The 'Cryptocurrency Faction' of the New US Government, Relevant Concept Coins' was first published in 'Block Chainer'.

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ChenMeilivip
· 01-07 16:42
Ambush 100x coin 📈
View OriginalReply1
JT1982vip
· 01-07 10:46
But we don't know who exactly is behind the MAGA coin. How can we invest without knowing who owns it?
View OriginalReply0
Medevvip
· 01-07 10:33
movements and what others do not have movement can be seen that they take care of themselves and everything
View OriginalReply0
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