Laying the Groundwork for a "Trump Inauguration Rally"? A Guide to His New Administration's Crypto Team and Related Meme Coins
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Laying the Groundwork for a "Trump Inauguration Rally"? A Guide to His New Administration's Crypto Team and Related Meme Coins
Based on key figures in Trump's new administration, identify a series of potential concept coins and Meme coins.
Navigating Web3 tides with focused insightsAuthor: Weilin, PANews
President-elect Donald Trump, a Republican, will attend the U.S. presidential inauguration in 13 days on January 20. He is the first U.S. president elected who supports cryptocurrencies, and Trump’s team includes several pro-crypto politicians, such as Paul Atkins, the incoming SEC chair; David Sacks, the first White House AI and crypto director; and Elon Musk, one of the heads of the Department of Government Efficiency, among others.
With this significant event approaching, which related cryptocurrency tokens and Meme coins might be worth watching or positioning for? Based on key figures within Trump's new administration, PANews outlines a series of potential concept coins and Meme coins.
(Note: This article does not constitute any investment advice. Meme coins are highly volatile—users should always conduct their own research, DYOR.)
Trump-Related Concepts
Meme coins inspired by the Trump theme—MAGA (TRUMP) and MAGA Hat (MAGA)—have become leading U.S.-themed Meme coins. As of January 6, MAGA (TRUMP) and MAGA Hat (MAGA) rose 20.82% and 12.12%, respectively, within a single day.
MAGA (TRUMP)
In late February last year, MAGA (TRUMP) saw a notable surge, benefiting from the overall upward momentum in the Meme coin market. In late May 2024, TRUMP surged again due to viral videos of Trump supporting cryptocurrencies and his NFT dinner event, reaching an all-time high of $17.51 on June 1.
Current price: $3.12
Current market cap: $141 million
MAGA Hat (MAGA)
The MAGA hat was launched during Trump’s 2016 presidential campaign. Featuring the slogan “Make America Great Again” in white capital letters on a red background, it has since become a symbol of Trump’s MAGA movement.
Current price: $0.0001123
Current market cap: $46.12 million
Besides these, another set of DeFi projects linked to the Trump family—World Liberty Financial—are also worth noting, particularly assets the project has recently accumulated in large quantities, including ETH, cbBTC, LINK, AAVE, ENA, and ONDO.
Musk-Related Concepts
Dogecoin (DOGE)
DOGE has emerged as a potential investment target due to its ticker symbol matching that of the Department of Government Efficiency, an agency established by Trump and soon to be led by Musk. Additionally, Musk himself is a long-time Dogecoin supporter.
Current price: $0.3827
Current market cap: $56.4 billion
Department Of Government Efficiency (DOGE)
A Meme coin sharing the same acronym as the Department of Government Efficiency.
Current price: $0.2319
Current market cap: $227 million
Peanut the Squirrel (PNUT)
PNUT is a Meme coin based on a pet squirrel whose euthanasia by New York’s Environmental Protection Agency due to rabies sparked public outcry. During the first weekend of November last year, PNUT became a speculative favorite among Degens, with its market cap surpassing $100 million in a single day. Musk joined the mourning campaign with multiple tweets, turning it into a political critique against Democrats. On November 13, Musk tweeted, “America was saved by a squirrel and Meme coins,” triggering a sharp rise in PNUT.
Current price: $0.7361
Current market cap: $734 million
Kekius Maximus (KEKIUS)
On December 31, 2024, Musk changed his X profile picture to an image resembling the Pepe frog and renamed his account “Kekius Maximus,” drawing widespread attention. Musk had previously mentioned naming a new character in the game *Path of Exile* “Kekius Maximus.” Online speculation suggests the name is tied to Pepe Meme culture. On January 2, Musk reverted his X avatar and username back to his real name, causing related concept tokens to decline slightly.
Current price: $0.09975
Current market cap: $103 million
David Sacks, White House AI & Crypto Director-Related Concepts
David Sacks, appointed as the White House Director of Artificial Intelligence and Cryptocurrency, is a co-founder of PayPal, a prominent member of the famed “PayPal Mafia,” and a close friend of Elon Musk. Reports suggest Sacks is also personally supportive of Solana (SOL).
dYdX (DYDX)
dYdX is one of the projects backed by Craft Ventures, the firm founded by David Sacks. On December 6, 2024, following the announcement of Sacks’ appointment, DYDX surged 30%.
Current price: $1.60
Current market cap: $1.15 billion
Handshake (HNS)
Handshake is another project funded by Craft Ventures under Sacks.
Current price: $0.01011
Current market cap: $6.51 million
0x Protocol (ZRX)
David Sacks serves as an advisor to the 0x Protocol, whose native token is ZRX.
Current price: $0.5336
Current market cap: $453 million
In addition, Meme coins associated directly with Sacks include David Sacks (SACKS), currently valued at $549,900 in market cap, and Crypto Czar (CZAR), with a market cap of $396,000.
There are also MOOSE and GUS—two Meme coins linked to David Sacks’ pet dogs. Sacks has interacted with the Moose project and previously mentioned Gus in tweets on X. MOOSE currently has a market cap of $1.3 million, while GUS stands at $36,000.
Paul Atkins, Incoming SEC Chair-Related Concepts
Reserve Rights (RSR)
Paul Atkins previously served as an advisor to the Reserve protocol, linking RSR to him. On December 4, 2024, RSR surged 88% on rumors that Atkins would be named SEC chair.
Current price: $0.017
Current market cap: $896 million
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