Trump-themed MEME tokens rushed into production overnight — when will the speculation frenzy finally end?
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Trump-themed MEME tokens rushed into production overnight — when will the speculation frenzy finally end?
From A to Z: A Quick Look at Trump Assassination Meme Coins
Navigating Web3 tides with focused insightsAuthor: Bitpush News Asher Zhang
Following the incident of Trump's assassination attempt, meme tokens related to the event were launched overnight, accompanied by a surge in rug pulls. What factors have contributed to the extreme frenzy around meme speculation during this bull market? The chaotic炒作 has already raised concerns and criticism from several well-known figures—when will this speculative madness finally come to an end?
Trump Assassination Attempt Sparks Overnight Meme Token Production
The most globally shocking recent event was undoubtedly Donald Trump being shot at during a speech. Having survived the ordeal, Trump appears even more energized—and increasingly drawn to the blockchain industry. Shortly after the attack, he confirmed his attendance at the Bitcoin 2024 conference in late July. The crypto market has shown strong support for Trump as well. Beyond numerous prominent crypto figures endorsing him, retail investors are particularly enthusiastic.
On July 16, U.S. presidential candidate Donald Trump posted a new social media update at 11:51 AM Beijing time, captioned "FEAR NOT, I am Trump, and I will make America great again!" This ignited immediate attention, prompting the rapid emergence of a namesake meme token $FEARNOT on both Solana and Ethereum networks, quickly gaining traction and speculative interest.
Amid growing enthusiasm from the crypto community, during a Bloomberg Businessweek interview on July 17, Trump revealed plans to launch his fourth NFT collection. He described his previous series as “extremely successful,” selling out entirely within a single day: “The whole series sold out—45,000 cards. I’ve done it three times, and I plan to do it again because people want me to. The spirit is incredible. It’s beautiful.” In a way, Trump has also reignited momentum in the previously sluggish NFT market.
Why does Trump show such strong support for the crypto industry? His core supporters consist largely of lower- and middle-class white Americans—precisely the demographic most inclined toward meme speculation. Trump’s political platform opposes elite institutions, while retail crypto investors have long resented VC dominance. Memes and NFTs, in some sense, perfectly bridge these two groups. However, it's worth noting that the meme speculation surrounding Trump-related concepts has become dangerously frenzied—this could backfire if left unchecked.
Crypto influencer Janet.Huang commented: "As with every major trending event, after Trump’s assassination attempt, factories in Yiwu and Shenzhen fired up their production lines immediately. Yiwu produces T-shirts and merchandise; Shenzhen manufactures memes. A small team can launch over a hundred Trump-assassination-themed tokens overnight. Some developers pull the rug after earning just a few hundred dollars. Tokens like $Survivor, $Fight, $Ear, and $FearNot have emerged, along with many duplicates across multiple chains. Currently, $Fight shows the most potential since its whales are more committed—they provide liquidity and pay listing fees. But I think $Fight is too generic. Even Trump’s official campaign uses 'Fear Not,' not 'Fight.' Plus, insiders hold nearly 20% of $Fight’s supply. Most importantly, $Fight has little actual connection to the assassination incident."
A Quick Guide to Trump Assassination Meme Tokens
As mentioned above, the assassination attempt instantly became a global talking point, making Trump-related meme tokens a hot commodity for opportunistic creators. To some extent, a clever name or narrative alone can bring enormous wealth to issuers—this is the underlying logic behind the current speculative mania. Below is a brief overview of notable Trump-related meme tokens.
EAR
$EAR is another notable meme coin following the attack, inspired by the fact that Trump wasn’t shot directly. Instead, glass fragments from a bullet hitting the teleprompter screen injured his right ear—but “the ear stays on.” Thus, EAR has become a symbol of Trump’s miraculous survival. It may also reflect the belief among some that Trump will triumph in the upcoming election and reclaim leadership—a modern-day “master of fate.”
FREE
This project’s slogan is “Fight For Freedom,” but its price action has already achieved literal “free fall”—down more than 133x from its peak of $0.001. While there’s always a chance for a revival later, for now, it looks far more likely to go to zero.
MAGA
MAGA stands for Trump’s iconic campaign slogan “Make America Great Again,” making it arguably the “oldest” meme in this cycle. There are multiple versions of the MAGA token, one of which surged to over $17 at its peak. Additionally, another meme project—$MAGAHat (Red Hat)—has emerged based on the same slogan, referencing the signature red hats distributed at Trump’s campaign rallies.
DJT
DJT was originally the stock ticker for Trump’s social media platform Truth Social. In mid-June, rumors circulated that Trump’s son Barron was involved in launching a cryptocurrency called DJT (TrumpCoin), but these claims were later debunked.
TRUMP
Typically, same-name meme tokens tied to celebrities outperform other variants. However, the $TRUMP token has underperformed relative to other Trump-themed memecoins. This may be due to the sheer number of similarly named tokens, or perhaps because fans and crypto players find projects with creative, humorous tickers more appealing than straightforward ones like $TRUMP.
When Will Meme Mania Stop Being So 'Crazy'?
Judging by current market performance, the level of meme speculation today exceeds anything seen in previous bull markets. What explains this unprecedented intensity? And when might this craze begin to subside?
This bull run’s meme explosion differs significantly from past cycles, driven by complex factors. From a technological standpoint, 2017 marked the year of public blockchains, giving rise to many major Layer 1 protocols—the foundational stage of blockchain infrastructure development. After intense competition, the L1 landscape has largely stabilized. The key technical advancement in this cycle lies in Layer 2 solutions, which effectively address scalability limitations of base-layer chains. This shift underscores the need for application-layer innovation—meaning blockchain must now compete directly with Web2 platforms. However, Web2 giants already dominate their respective fields, making it extremely difficult for blockchain to break through and create breakout applications during this cycle. A more realistic path forward may lie in complementing existing Web2 apps rather than replacing them outright. Moreover, regulatory constraints remain a significant hurdle. Without clearer policies supporting decentralization, especially concerning data security, truly disruptive decentralized applications face steep barriers in most countries.
From the perspective of industry participants, the blockchain community values anti-VC sentiment, decentralization, and openness—all strongly reflected in the meme space. As high-profile projects receive repeated VC funding, their valuations soar despite limited real-world utility. Beyond farming airdrops, few investors are genuinely willing to buy into these overvalued ventures.
Finally, the recent surge in political meme coins—especially those tied to Trump and U.S. election themes—is directly linked to the upcoming American presidential election. Trump himself has released three NFT collections and plans a fourth. A master of “Twitter diplomacy,” he expresses favorable views toward Bitcoin and crypto, creating fertile ground for meme-driven speculation.
Conclusion
Overall, meme speculation may gradually cool down after the U.S. election. But for the hype to truly dissipate, the crypto market must deliver genuine breakthrough applications that generate real societal value and attract new user traffic. Only then can a new, sustainable consensus emerge. That said, given the strength of incumbent Web2 giants, this journey won’t be smooth or easy.
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