Ambush "Trump takes office"? An article summarizing the new government encryption team and related concept coins

Author: Weilin, PANews

US President-elect Trump, a Republican, will attend the inauguration ceremony of the US President 13 days later, on January 20. This is the first U.S. president to support cryptocurrency. Trump also has many politicians who support cryptocurrency, such as the new SEC Chairman Paul Atkins, the first White House artificial intelligence and cryptocurrency director David Sacks, and the director of the Department of Government Effectiveness. One Musk, and so on.

With this important event, which tokens and meme coins of related crypto projects may be worthy of attention and layout? In this article, PANews sorted out a series of potential concept coins and meme coins based on Trump’s relationship with core figures in the new administration.

(Note: This article does not constitute any investment advice. Meme coins fluctuate greatly. Users must do their own research on DYOR.)

Trump related concepts

The meme coins MAGA (TRUMP) and MAGA Hat (MAGA), which were inspired by the Trump concept, have become the top tokens of the concept meme coins in the United States. As of January 6, MAGA (TRUMP) and MAGA Hat (MAGA) were the most popular in one day. rose 20.82% and 12.12% respectively.

MAGA (TRUMP)

At the end of February last year, MAGA (TRUMP) experienced a significant rise, benefiting from the upward trend of the overall meme currency market at that time. At the end of May 2024, due to the influence of Trump's video remarks supporting cryptocurrency and Trump's NFT dinner, TRUMP rose sharply again and hit an all-time high of $17.51 ​​on June 1.

Current offer : $3.12

Current market cap : $141 million

MAGA Hat (MAGA)

The MAGA hat is a hat launched by Trump during the 2016 presidential campaign. The campaign slogan "Make America Great Again" is printed in white capital letters on a red background. Since then, it has become a symbol of the Trump MAGA movement.

Current quote : $0.0001123 USD

Current market capitalization : $46.12 million

In addition, there are a number of tokens related to the Trump family's DeFi project World Liberty Financial that deserve attention, such as ETH, cbBTC, LINK, AAVE, ENA, ONDO , etc. that the project has recently purchased in large quantities.

Musk related concepts

DOGE

Because it has the same abbreviation as the Department of Government Efficiency established by Trump and soon to be led by Musk, DOGE has become a potential layout target. In addition, Musk himself is also a big fan of Dogecoin.

Current quote : $0.3827

Current market cap : $56.4 billion

Department of Government Efficiency (DOGE)

A meme coin with the same name as the abbreviation of the Ministry of Government Efficiency

Current quote : $0.2319

Current market cap : $227 million

Peanut the Squirrel (PNUT)

PNUT is a meme coin based on a squirrel pet that was euthanized by the New York Department of Environmental Protection due to rabies. On the first weekend of November last year, PNUT became the target of speculation among Degens, with its market value exceeding US$100 million in one day. Musk joined the memorial service and tweeted a series of tweets, which turned into a crusade against the Democratic Party. Musk tweeted on November 13 that "the United States was saved by a squirrel and meme coins," which triggered a surge in PNUT.

Current quote : $0.7361

Current market cap : $734 million

Kekius Maximus(KEKIUS)

On December 31, 2024, Musk changed his Twitter avatar to an image similar to Pepe the Frog and changed his name to Kekius Maximus, which attracted widespread attention. Musk also mentioned that the new character in the game "Path of Exile" will be named Kekius Maximus. According to netizens' speculation, the name Kekius Maximus has something to do with Pepe Meme culture. On January 2, the frog avatar and "Kekius Maximus" nickname on Musk's X account were changed back to his own name, and related concept coins fell.

Current offer: $0.09975

Current market cap: $103 million

Concepts related to David Sacks, White House Director of AI and

Encryption

White House Director of Artificial Intelligence and Encryption, David Sacks, a former PayPal co-founder , is a member of the well-known "PayPal Gang" and a close friend of Musk. It is reported that Sacks himself is also a supporter of SOL.

dYdX (DYDX)

dYdX is one of the projects invested by Craft Ventures, founded by David Sacks. On December 6, 2024, with Sacks’ appointment, DYDX rose 30%.

Current offer : $1.60

Current market capitalization : $1.15 billion

Handshake (HNS)

Handshake is also one of the projects invested by Craft Ventures, a company owned by Sacks.

Current quote : $0.01011

Current market cap: $6.51 million

0xProtocol (ZRX)

David Sacks is an advisor to 0x Protocol, whose token is ZRX.

Current quote : $0.5336

Current market cap : $453 million

In addition, meme coins related to Sacks’ own concept include David Sacks (SACKS), with a current market value of US$549,900; Crypto Czar (CZAR), with a current market value of US$396,000.

In addition, there are MOOSE and GUS, these two meme coins are related to David Sacks’ pet dog. Sacks once used Moose to interact with project parties, and also tweeted about Gus on the X platform. The current market value of MOOSE is US$1.3 million, and the current market value of GUS is US$36,000.

Concepts related to new SEC Chairman Paul Atkins

Reserve Rights (RSR)

Paul Atkins served as an advisor to the Reserve protocol, and RSR is therefore considered to be linked to it. On December 4, 2024, RSR surged 88% due to rumors that Atkins would become SEC Chairman.

Current quote : $0.017

Current market cap : $896 million