In September 2024, President Biden’s son pleaded guilty to federal tax crimes and may face up to 17 years in prison. Shortly after this news broke, Russian President Putin publicly expressed support for Harris. Events related to the U.S. elections are frequently making headlines, becoming one of the biggest focuses for the global financial markets in the second half of the year.

The latest data on the 2024 U.S. election from Polymarket

According to betting data from Polymarket regarding the election, a total of $840 million has been wagered. Additionally, as mainstream tokens have recently underperformed, the volatility of PolitiFi tokens has increased, making them one of the investment choices for traders.

The market capitalization of the PolitiFi token and its share among meme tokens

According to data from Coingecko, as of August 24, 2024, the PolitiFi token has experienced a pullback since peaking in June. Currently, its total market capitalization is $680 million, accounting for 1.5% of the meme token sector.

What is PolitiFi？

The PolitiFi token represents an emerging phenomenon in the cryptocurrency space, combining political events and figures with decentralized financial systems. These tokens are based on blockchain technology and typically express political satire in meme form, leveraging trending political personalities or events to attract investors. The price fluctuations of PolitiFi tokens are often correlated with real-world political dynamics, influenced by the actions of political figures, election cycles, and news events. Compared to ordinary memes, PolitiFi tokens resemble a political version that has evolved from fan tokens with a concrete web2 counterpart.

PolitiFi tokens are not merely investment tools; they also give holders a sense of political engagement and can sometimes raise funds for specific charitable causes or political movements. Although the functionalities of these tokens may be limited, many projects have garnered significant attention and market share through their social influence. Especially when mainstream tokens underperform, or the market lacks a dominant narrative, meme tokens like PolitiFi tend to attract considerable interest.

What events or individuals are likely to create PolitiFi tokens?

PolitiFi tokens are primarily centered around the following political figures or events:

Presidential Elections: Presidential candidates and related election cycles often trigger the creation of numerous tokens, with figures like Donald Trump, Joe Biden, and Kamala Harris frequently featured.

Political Movements: Movements such as “Make America Great Again” (MAGA), constitutional campaigns like ConstitutionDAO, or support campaigns for politically persecuted individuals (e.g., Justice) are common sources of inspiration for these tokens.

While cryptocurrency participants come from around the globe, the primary market for PolitiFi tokens remains largely U.S.-focused. Tokens featuring charismatic figures are more likely to gain traction. According to CoinMarketCap, tokens related to U.S. elections and Trump dominate the top ten positions in the PolitiFi category.

Popular Categories of PolitiFi Tokens

Trump-themed tokens: Trump-related tokens dominate the top PolitiFi tokens, with only minor differences between them, making this a primary category branch. Among them, the following Trump tokens have garnered significant attention:

MAGA ($TRUMP)

MAGA (TRUMP) is based on Donald Trump’s “MAGA” movement and is one of the largest PolitiFi tokens by market capitalization. It is the leading token in the Trump-themed category, with a primary focus on donations to special groups in the U.S. The project has notably donated significant funds to American veterans.

The asset situation of Donald Trump’s cryptocurrency addresses defined by Arkham.

As early as October 2023, when the election concept had not yet gained significant traction, MAGA tokens were already present in Trump’s publicly disclosed crypto wallet. This suggests that the project may have initially sent these tokens to Trump unidirectionally. At its peak, the value of the MAGA tokens exceeded $5 million, but it is currently valued at $1.8 million. This indicates that, although it is a meme token, the overall vision and planning of the project are long-term.

In terms of price performance, MAGA has dropped from a high of $17 in June to around $3, remaining below the moving averages at various levels and within a bearish channel, suggesting that a significant upward movement is unlikely in the short term. However, its performance may be worth monitoring after the November elections, especially if Trump wins. The current market capitalization is $146 million, with a circulating supply ratio of 94.61%.

Dextool ratings and price trends.

In terms of token security, the DEXTscore on Dextools provides a rating of 99, indicating that there are virtually no contract vulnerabilities or backdoor risks.

CA: 0x576e2BeD8F7b46D34016198911Cdf9886f78bea7 (Ethereum)

0x4ea98c1999575aaadfb38237dd015c5e773f75a2 (BSC)

HaP8r3ksG76PhQLTqR8FYBeNiQpejcFbQmiHbg787Ut1 (Solana)

0x57f5fbd3de65dfc0bd3630f732969e5fb97e6d37 (Base)

Website: https://magamemecoin.com/

Super Trump ($STRUMP)

Super Trump (STRUMP) is another early Trump-themed token that emerged during the initial stages of the election concept. While STRUMP tokens are also present in Trump’s crypto address, the timing of their transfer coincided with the peak popularity of PolitiFi tokens, and the overall value of the holdings is small. This suggests that it may be a marketing strategy by the project team to align with the token’s market performance.

The asset situation of Donald Trump’s cryptocurrency addresses defined by Arkham.

In terms of price performance, STRUMP has experienced a significant correction, dropping nearly 80% from its peak, resulting in a consolidation phase lasting almost a month. The current market capitalization is $11.07 million, with a circulating supply ratio of 70.67%.

Dextool ratings and price trends.

In terms of token security, the DEXTscore on Dextools provides a rating of 99, indicating that there are virtually no contract vulnerabilities or backdoor risks.

CA: 0x7039cd6D7966672F194E8139074C3D5c4e6DCf65 (Ethereum)

Website: https://www.supertrumpcoin.io/

MAGA Hat ($MAGA)

MAGA Hat (MAGA) is a meme token based on Trump’s “MAGA” hat. Due to its symbolic cultural significance, it has gained significant attention and is now the third-largest PolitiFi token by market capitalization. Its current market capitalization is $35 million, and its circulating supply ratio is 99.26%. The high circulating supply aligns with the fair culture of meme tokens, which is one of the advantages of MAGA Hat compared to MAGA (Trump) and Super Trump (STRUMP).

Dextool ratings and price trends.

In terms of token security, the DEXTscore on Dextools provides a rating of 99, indicating that there are virtually no contract vulnerabilities or backdoor risks.

CA: 0xd29da236dd4aac627346e1bba06a619e8c22d7c5 (Ethereum)

Website: https://maga-hat.vip/

Doland Tremp ($Tremp)

Doland Tremp (Tremp) is a meme token based on the Solana blockchain, categorized as a political-themed meme coin (PoliFi). Launched in 2024, the token is inspired by former U.S. President Donald Trump but employs humor and satire to create a fictional character named “Doland Tremp,” who leads a country called “Soluna.”

Dextool score and price trends.

Tremp’s current market cap is $18.93M, and its 100% circulating supply is one of its advantages. In terms of token security, the DEXTscore on Dextools has given it a score of 99, indicating almost no contract vulnerabilities or backdoor risks.

CA: FU1q8vJpZNUrmqsciSjp8bAKKidGsLmouB8CBdf8TKQv (Solana)

Website: https://www.tremp.xyz/

Aside from the four representative tokens mentioned above, several Trump-related PolitiFi tokens exist, with minimal differences in cultural significance, so they will not be elaborated on further.

As for the current election situation, Kamala Harris-related tokens are another strong option aside from Trump-related ones. After Biden withdrew from the election, Harris took over as the Democratic Party’s flagbearer, leading to the emergence of various Kamala Harris-related PolitiFi tokens, whose market cap quickly surpassed Biden-related tokens.

Although Harris has not publicly supported cryptocurrencies like Trump, looking back at past U.S. elections and considering this one, whether in terms of political funding or voter support, it’s becoming increasingly difficult for Democratic and Republican candidates to stand in opposition to cryptocurrencies.

Currently, among the top-ranked PolitiFi tokens, only one Harris-related token is listed. Therefore, given the uncertainty surrounding the election, from a trading perspective, Harris-related tokens have significant growth potential in terms of market cap.

Kamala Horris ($KAMA)

Kamala Horris (KAMA) is a leading PolitiFi token based on the Harris concept, humorously twisting Harris’s name to Horris, similar to how Doland Tremp (TREMP) alters Trump’s name. The token currently has a market cap of $8M and a 100% circulating supply. Compared to Ethereum-based meme tokens, KAMA operates on the Solana chain, attracting active retail participation. Additionally, this token was launched in late March 2024, and its emergence was not sudden due to Biden’s withdrawal, indicating that it has a solid community culture foundation.

Dextool score and price trends.

In terms of token security, the DEXTscore on Dextools has given it a score of 99, indicating almost no contract vulnerabilities or backdoor risks.

CA: HnKkzR1YtFbUUxM6g3iVRS2RY68KHhGV7bNdfF1GCsJB (Solana)

Website: https://www.kama.lol/

Kamala Harris ($HARRIS)

Kamala Harris (HARRIS) is a leading PolitiFi token based on the Harris concept, with a current market cap of $3M and a 100% circulating supply. After Biden withdrew from the election and Harris took over, the token surged to a peak, followed by a correction, and has since remained in a state of fluctuation.

Dextool score and price trends.

Although its market cap is small, in terms of token security, the DEXTscore on Dextools has given it a score of 99, indicating almost no contract vulnerabilities or backdoor risks.【10】

CA: 0x155788dd4b3ccd955a5b2d461c7d6504f83f71fa (Ethereum)

Website: https://www.kamalaharristoken.xyz/

Jeo Boden ($BODEN)

This is a meme token that satirizes U.S. President Joe Biden, humorously engaging with the market. The token was launched in March 2024, not as a result of the PolitiFi boom, and it has a certain community foundation. However, after Biden withdrew from the election, market attention shifted to Harris-related tokens, causing a significant price drop. Its current market cap stands at $3.55M, with a 100% circulating supply.

Biden’s second son has been charged and has pleaded guilty.

BODEN价格走势

The token’s value has significantly decreased due to events surrounding the U.S. election. Nevertheless, incidents involving Biden still contribute to volatility. According to Odaily News, on September 6, Biden’s second son was charged, and Biden stated that he would not use presidential privilege to pardon his son. As a result of this, BODEN experienced a 33% rebound.

Dextool score and price trends.

In terms of token security, the DEXTscore on Dextools has given it a score of 99, indicating almost no contract vulnerabilities or backdoor risks.

CA: 3psH1Mj1f7yUfaD5gh6Zj7epE8hhrMkMETgv5TshQA4o (Solana)

WEBSITE: https://bodenonsol.xyz/

ConstitutionDAO ($PEOPLE)

The project once attempted to crowdfund the purchase of a copy of the U.S. Constitution. Although it was unsuccessful, the PEOPLE token continues to trade in mainstream markets. Currently, PEOPLE has a market cap of $314M, with a circulating supply of 61.07%. It holds the top position among PolitiFi tokens on data sites like CoinGecko and CMC. However, it is not a hot token in this election cycle; its significance lies more in DAO culture, making it less correlated with the frequent events of the U.S. elections.

Market cap rankings of PolitiFi tokens on CoinGecko.

PEOPLE is now listed on many CEX and DEX platforms, with high contract and token security. However, its potential for profit based on the election is not strong.

CA: 0x7a58c0be72be218b41c608b7fe7c5bb630736c71 (Ethereum)

CobcsUrt3p91FwvULYKorQejgsm5HoQdv5T8RUZ6PnLA (Solana)

Website: https://www.constitutiondao.com/

AssangeDAO ($JUSTICE)

Similar to PEOPLE, JUSTIC is not a product of this year’s U.S. election. AssangeDAO is a decentralized autonomous organization (DAO) that was created by digital creator Pak to bid on a non-fungible token (NFT). Pak stated that the proceeds would be donated to the Wau Holland Foundation, which supports imprisoned WikiLeaks founder Julian Assange.

The impact of Julian Assange’s developments on the price movement of JUSTICE.

Therefore, JUSTICE’s price performance is not closely related to the U.S. election but shows consistency with developments related to Assange. JUSTICE has high contract and token security, and its potential for profit based on the election is weak. However, if there are developments related to Assange, the volatility is likely to increase significantly.

The impact of Julian Assange’s developments on the price movement of JUSTICE.

CA: 0x59d1e836F7b7210A978b25a855085cc46fd090B5 (Ethereum)

Website: https://assangedao.org/

Kennedy Memecoin ($BOBBY)

This token is related to Robert F. Kennedy Jr., primarily used to support his charitable endeavors and gained attention due to his independent candidacy. However, following his withdrawal from the race at the end of August and his endorsement of Trump, it essentially marked the token’s exit from the election scene.

Dextool score and price trends.

In terms of token security, the DEXTscore on Dextools has only given it a score of 65, with a particularly low score in the auditing category.【17】

CA: 0xa462bde22d98335e18a21555b6752db93a937cff (Ethereum)

4geJykZY92d2mZk8zgWDrKoz4BDcSjp7DJdNvH8GoH5f (Solana)

Website: https://www.buybobby.com/

Tooker Kurlson ($TOOKER)

This is a meme token based on political commentators, built on the Solana blockchain, and like MAGA (TRUMP) and Joe Boden (Boden), it was launched in April 2024. The branding similarly employs a comic book style. Its inspiration comes from comedy and parody culture, particularly the “powerful parody interviews” about current events, blending humorous elements of cryptocurrency and politics.

Dextool score and price trends.

In terms of token security, the DEXTscore on Dextools has given it a score of 99, indicating almost no contract vulnerabilities or backdoor risks.

CA: 9EYScpiysGnEimnQPzazr7Jn9GVfxFYzgTEj85hV9L6U (Solana)

Website: https://www.tookerkurlson.com/

Conclusion

Overall, ahead of the U.S. elections in November 2024, PolitiFi will continue to be a popular sector. Currently, Harris-related tokens are undervalued compared to Trump-related tokens, while in reality, Harris’s approval ratings are very close to Trump’s. Therefore, from a trading perspective, Harris-related tokens have more investment value.

On the other hand, PolitiFi tokens still belong to a branch of meme tokens, meaning they do not have protocols to back their value and rely solely on community enthusiasm to drive their growth. Prioritizing tokens with high contract security can significantly reduce risks beyond price volatility. While enjoying high potential returns, it is also essential to manage risks effectively.

Reference：

1. Polymarket
   https://polymarket.com/event/presidential-election-winner-2024?tid=1725950645368
2. Coingecko https://www.coingecko.com/research/publications/politifi-coins?utm_campaign=Data%20Visualization&utm_source=x&utm_medium=social
3. Arkham https://platform.arkhamintelligence.com/explorer/entity/donald-trump
4. Dextools https://www.dextools.io/app/en/token/trump?t=1725873862201
5. Arkham https://platform.arkhamintelligence.com/explorer/entity/donald-trump
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11. Odailyhttps://www.odaily.news/en/newsflash/389261
12. Dextoolshttps://www.dextools.io/app/en/solana/pair-explorer/6UYbX1x8YUcFj8YstPYiZByG7uQzAq2s46ZWphUMkjg5?t=1725938855644
13. Dextoolshttps://www.dextools.io/app/en/solana/pair-explorer/6UYbX1x8YUcFj8YstPYiZByG7uQzAq2s46ZWphUMkjg5?t=1725938855644
14. Coingecko
    https://www.coingecko.com/en/categories/politifi
15. Odailyhttps://www.odaily.news/en/newsflash/376736
16. Odailyhttps://www.odaily.news/en/newsflash/371843
17. Dextoolshttps://www.dextools.io/app/en/ether/pair-explorer/0xa2672a414c79677162ef9df73b2352dac4dded65?t=1725960598331
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