As the US Presidential Election Approaches, is Trump MEME Becoming a Best-loved MEME?

2024-05-14, 08:01

[//]:content-type-MARKDOWN-DONOT-DELETE
![](https://gimg2.gateimg.com/image/article/1690791857hotspot.jpeg)
##  [TL；DR]: 
As the political showdown between Biden and Trump intensifies, cryptocurrency as an important campaign topic is also influencing the choices of young voters, and many related MEME tokens are also warmly sought after in the market.

Based on market cap, the most popular US election MEME tokens currently are Maga (TRUMP), Jeo Boden (BODEN), and Doland Tremp (TREMP).

MEME itself is accompanied by significant volatility and speculation, and investors should also approach it rationally and participate appropriately.

## Introduction
Looking back at the international political stage in recent years, from the precedents of El Salvador, South Korea, and Argentina to this year's US elections, cryptocurrency has clearly become an important issue that cannot be ignored during national elections.

Regarding this issue, current US President Trump and Democratic candidate Biden have once again expressed completely opposite views, forming a clear opposition and driving a series of related token skyrocketing prices.
 
## Let MEME be Great Again, Trump Becomes a Crypto KOL
Recently, tokens such as TRUMP and BODEN named after two US presidents have skyrocketed, and another wave of MEME fever has arrived.

The rise of this trend is not accidental, it is closely related to the upcoming US presidential election and their policy attitude towards cryptocurrencies.

During his early presidency, Trump expressed opposition to cryptocurrencies and <a href="/es/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a>, but since leaving office, he has not only introduced various NFTs, but also recently expressed that if he returns to the White House, he may take a more proactive policy stance on cryptocurrencies.
Even Bitcoin Magazine recently revealed that it has been working with the Trump campaign team to assist in formulating policy agendas for Bitcoin and cryptocurrencies.

Meanwhile, the US House of Representatives recently passed a resolution H.J. Res 109 targeting the crypto industry, allowing heavily regulated financial companies to become custodians of Bitcoin and other cryptocurrencies.
But this resolution was opposed by the current President Biden. Biden made it clear in Wednesday's statement that he will firmly oppose any interference with the SEC's work, and pointed out that SAB 121 is issued in response to existing technical, legal, and regulatory risks that have caused significant losses to consumers.

As a result, as the "political showdown" between Biden and Trump gradually intensifies, cryptocurrency as an important issue in the election is also influencing the choices of young voters.

Against this background, a series of MEME tokens related to cryptocurrencies have also been warmly sought after in the market.

According to CoinGecko's data, there are currently 19 PolitiFi tokens included, with a total market value of $661M and a 24-hour increase of 4.3%. The top three companies in terms of market value are Maga (TRUMP), Jeo Boden (BODEN), and Doland Tremp (TREMP), with gains of 80.2%, -21.9%, and 90.7% in the past 7 days, respectively.
 ![](https://gimg2.gateimg.com/image/article/17156735001.jpg)
Source: CoinGecko

## The Three Most Trending MEMEs
### Maga（TRUMP）
TRUMP is a MAGA token with the theme of former US President Trump. Recently, it has quickly gained popularity due to Trump's series of crypto friendly remarks and has become the most widely recognized Trump MEME coin.
![](https://gimg2.gateimg.com/image/article/17156735252.jpg)
Source: magamemecoin.com/
 
This remarkable performance may indicate that MAGA coin is about to enter the ranks of celebrities in the MEME industry, alongside popular brands such as DOGE, leading a new trend in the digital currency market.

As of the writing date, the number of Hodlers for this coin reached 42K, with a market value of $416M.

### Doland Tremp（TREMP）
TREMP is a meme coin officially launched in August 2023, committed to fulfilling social responsibility. The project team stated that they will donate a portion of the 1% income collected from each transaction to the United States Veterans and Child Care Program.

Similar to Biden inspired meme coin BODEN, TREMP's official website is also filled with semi joking references and emoticons to the former president.
 ![](https://gimg2.gateimg.com/image/article/17156735533.jpg)
Source: @dolandtremp_sol
 
As of the writing date, the number of Hodlers for this coin reached 26.50K, with a market value of $61M.
 
### Jeo Boden (BODEN)
Jeo Boden (BODEN), which intentionally misspelled Biden's name, was launched in early March this year. Through exaggerated President Biden mimicry, unique Comic Sans font, and rich emoji elements, it provides users with a unique experience, and its market value once exceeded TRUMP.
 ![](https://gimg2.gateimg.com/image/article/17156735744.jpg)
Source: @bodenonsolana
 
It is worth noting that Trump stated at the recent Trump Digital Trading Cards dinner that he does not like the BODEN token, stating that "there is a bit of money in this coin."

As of the writing date, the number of Hodlers for this coin reached 38.92K, with a market value of $181M.
 
## Trump Digital Trading Cards
Trump Digital Trading Cards currently have three series of NFTs (non-fungible tokens).

The first series was released in December 2022, with a total of 45,000 cards priced at $99 each. Customers who purchase 45 cards will receive NFT dinner tickets.

The second series was released in April 2023, priced at $99 per sheet and sold out within 5 hours of release.

The third series, MugShot Edition, was released in May and offers 100,000 cards. Purchasing 47 cards will give you the opportunity to have dinner with Trump. If you purchase 100 tickets, buyers can also enjoy a VIP cocktail reception, a limited edition Bitcoin engraved digital transaction card, and two VIP dinner tickets.
 ![](https://gimg2.gateimg.com/image/article/17156736065.jpg)
Source: OpenSea.io
 
However, American talk show host Jimmy Kimmel criticized Donald Trump's NFT project collectors as "fools" and "freaks."

These cards are owned by NFT INT LLC and have seen a significant surge in after-sales sales, while Trump has authorized his image to this company and earned some revenue from it.
 
## Election Driven Speculation and Betting Still Need Rationality
In summary, as the Biden administration and the US Securities and Exchange Commission (SEC) have recently exerted heavy regulatory pressure on the crypto industry, the emergence of MEME as a political mockery reflects the concerns of the new generation of crypto voters that regulations may stifle industry innovation vitality. The rise and fall of TRUMP and BODEN reveal people's emotional preferences.
![](https://gimg2.gateimg.com/image/article/17156736286.jpg)
Source: Decrypt

Many PolitoFi tokens inspired by former US President Donald Trump and current President Joe Biden have become the leaders of this trend. These playful tokens have attracted the attention of a large number of crypto enthusiasts and sparked a wave of MEME speculation.

Objectively speaking, these MEME tokens cleverly utilize the highly polarized political landscape of the United States, presenting the name and image of the incumbent president of the United States in a distorted and exaggerated meme form through strong narrative and speculation. Their meme narrative will continue to be hyped up with this year's general election.

Finally, it should be noted that MEME itself is highly volatile and speculative, and investors should approach it rationally and participate appropriately.

<div class="blog-details-info">
<div>Author:**Carl Y.**, Gate.io Researcher
<div>Translator:Joy Z.
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

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