Regarding the PoliFi token, whether it will replace the more common meme coins to become the mainstream meme coin, industry insiders have also given their opinions.
Author: Weilin, PANews
After the "assassination attempt" incident against Trump, there has been a significant fluctuation in the cryptocurrency market for Trump-themed virtual assets, mainly revolving around Trump-themed tokens and NFTs. Following the shooting incident, MAGA(TRUMP) rose by over 40% within half an hour, and MAGA(MAGA) rose by over 35%. As of July 15th, the prices of both major tokens have fallen, but a new batch of tokens has emerged, such as FJB(FJB), which rose by 56.26% within the day.
As part of meme coins, the price of the Polifi token fluctuates more noticeably with the progress of the U.S. election and news events related to candidates such as Trump. Industry insiders have also given their opinions on whether these tokens will replace the more common meme coins to become the mainstream meme coin.
TRUMP and MAGA surged, with 9 out of the top 10 PoliFi tokens being Trump-themed
As of 5:00 PM on July 15th, the top 10 PoliFi tokens ranked by market value certified by CoinMarketCap are MAGA(TRUMP), MAGA(MAGA), Super Trump Coin(STRUMP), MAGA VP(MVP), Baby Trump（BSC）(BABY TRUMP), BABY TRUMP(BABY TRUMP), Make America Based Again(MABA), TrumpCoin(DJT), Doland Tremp(TREMP), and Jeo Boden(BODEN).
Among them, MAGA(TRUMP) had a 7-day increase of 39.42% and a 16.94% decrease within the day; MAGA(MAGA) had a 7-day increase of 10.23% and a 16.98% decrease within the day.
Ranked by daily increase, FJB(FJB) rose by 56.26% within the day, MAGA Trump(MAGATRUMP) rose by 44.55%, MAGA(TRUMP2024) rose by 32.48%, ULTRA MAGA(ULTRA) rose by 25.4%. In the PoliFi token sector, Trump-themed tokens occupy almost the entire field.
In addition, the newly deployed Trump-themed tokens EAR and FIGHT also experienced significant increases after the attack. As of 5:00 PM on July 15th, according to dexscreener data, FIGHT's FDV (fully diluted valuation) reached 15.3 million USD, and EAR's 6-hour increase reached 32.51%, but with a 70.55% decrease within 24 hours, currently with an FDV of 4.8 million USD.
At the same time, Trump's NFT "Trump Digital Trading Card" experienced a new high floor price of 933 MATIC (approximately 502 USD), now trading at 422.15 USD, with a 7-day increase of 121.59% and a 12.24% decrease within the day. The second series of "Trump Digital Trading Card" has a floor price of 65.5 USD, with a 7-day increase of 16.93% and a 2.1% increase within the day.
Trump-themed tokens fluctuate significantly with market news and election progress
PoliFi's meme tokens integrate politics, finance, and community, so whenever major events related to Trump or other politicians occur, the prices of these tokens will be reflected. Andrew Kang, co-founder of Mechanism Capital, stated on X that investing in meme coins is based on the attention economy, and Trump has become a frequent figure in the news cycle due to his impact on the U.S. The bet is that he will continue to be present in the media, not just potentially winning the election.
Therefore, these tokens are significantly affected by news and election progress, and investors need to closely follow media reports on relevant agendas. For example, during the first televised debate between Biden and Trump on June 27th, meme coins inspired by the two candidates experienced significant market price fluctuations. Super Trump Coin(STRUMP), MAGA(TRUMP), MAGA(MAGA), Doland Tremp(TREMP), and the misspelled name Jeo Boden(BODEN) all experienced varying degrees of decline.
On June 18th, there were rumors that Trump was launching an official token $DJT on Solana, and subsequently, as the operator behind DJT was revealed, the DJT token experienced a significant drop. Dex Screener data shows that DJT's highest intraday decline was nearly 66.7%, with a market value only about one-third of its peak value.
Going back to May 31st, a New York jury ruled that all 34 charges against Trump were valid, accusing him of falsifying business records, making him the first former U.S. president to be convicted. Subsequently, MAGA(TRUMP) experienced a short-term sharp decline followed by a significant rebound. FreeTrump(TRUMP) surged by 592.5%. Other related currencies such as MAGA Hat(MAGA), Super Trump(STRUMP), and MAGA VP(MVP) experienced declines ranging from 10% to 25%.
It is evident that the importance of paying attention to market news and social media cannot be ignored. When faced with major events, users involved in meme coin investments should react quickly and verify information from multiple sources to make timely decisions.
Potential future development of Polifi tokens, when is the right time to sell?
Regarding the growth potential of PoliFi tokens, recently, industry practitioners and KOLs have given different opinions. In March of this year, Steven Steele, marketing director of the MAGA project and YouTube talk show host, stated, "My real goal is to make this project comparable to DOGE or SHIB in terms of scale, market value, and popularity."
"For many investors, it has developed into a de facto election betting market," Steele said. "In the meme scene, people want an agitator, someone exciting and unpredictable, seen as a complete rebel… In the eyes of many, Trump embodies all these qualities."
Andrew Kang's views are similar to his. As early as February this year, Andrew's Mechanism Capital had already built positions in Trump-themed meme tokens and NFTs.
"Until the summer, so he will continue to appear in the news cycle. Of course, there is also the election. This bet is not just about whether Trump will win. Polls show he is likely to win, but that's not the point. The point is that he will continue to appear in major headlines, and people will continue to talk about Trump. His entire strategy is to provoke, make outrageous and interesting remarks, and attract attention," Kang said on X.
"Not only are there these elections, but there are also court cases and prosecutions to be tried, which will serve as catalysts or events to attract more attention. These include federal election subversion cases, Mar-a-Lago confidential file cases, Georgia election subversion cases, New York hush money cases, Trump Organization civil fraud trials, etc. There are now some Trump coins in the market, but in my opinion, only the one with the highest market value will have longevity and become the focus of all Trump-related speculation," he said.
In his view, all meme coins carry risks. "The main risk here is Trump himself selling all his $TRUMP (currently worth about 1 million USD) and denying the coin. This could immediately kill it, or it could follow the path of $DOGE/$SHIB, with the former's founder selling all tokens and denying, and the latter's Vitalik also selling tokens. However, both found longevity after these events."
Andrew stated that after the election, if the token experiences significant growth, there may be a "sell the news" effect. "I expect there to be a consolidation period after his election victory, similar to the performance after Dogecoin established a connection with Elon Musk."
"With the intensification of the campaign, these meme coins may become a measure of the popularity of the candidates. Although their volatility is related to the hype surrounding the political figures they track, their growth also profoundly reflects broader market dynamics," pointed out Max Jones, CEO and co-founder of MemePad.
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