Trump Concept Coin Analysis
Since its launch at the end of 2022, Trump and his wife have released a total of five series, with sales totaling millions of dollars.
1、Trump Digital Trading Cards
The first Non-fungible Token series "Trump Digital Trading Cards" by Trump was listed in December 2022, with a total issuance of 45,000 cards, covering a variety of fantasy images such as superheroes, astronauts, and western sheriffs. These Non-fungible Tokens were minted on the Polygon Block on-chain, with each card priced at 99 US dollars. Once launched, the series sold out in about 12 hours.
After Donald Trump returned to Twitter and tweeted, the floor price rose to 0.193ETH, with a daily increase of 41%, and the volume pumped by 258%. Then on April 19, 2023, it was reported that Trump announced the launch of the second series of 'Trump Digital Trading Cards' on his social platform Truth Social. The series of Non-fungible Tokens are also minted on the Polygon blockchain, with each token priced at $99, with a total issuance of 47,000, of which 46,000 are available for sale. The second series continued the success of the first series, once again triggering widespread follow and investment frenzy in the market.
2, Mugshot Edition
On December 13, 2023, Trump launched the third Non-fungible Token series "Mugshot Edition", offering 100,000 Non-fungible Tokens, with 99,000 available for public sale. The series is also priced at 99 US dollars. According to the issuer, users who purchase 47 Trump cards will have the opportunity to have dinner with Trump at the Mar-a-Lago estate and receive a suit worn by Trump when he was arrested in August.
On May 8th, after appearing in court, Trump flew back to Florida and held a private dinner with the main buyer of his 'Mugshot Edition' Non-fungible Token trading card.
The Mugshot Edition Non-fungible Token series also has a lot of weight. Its content is the photos and various derivative illustrations of him when he was arrested last year in Georgia for conspiring to overturn the state's 2020 election results, including arrest scene photos, illustrations of Trump wearing a cowboy hat, and a cartoon Trump image holding lightning with the words "American superhero" written underneath.
DeGods founder Frank, a well-known founder and KOL in the American NFT community, also participated in the banquet. In addition to the above video, Frank also posted another live video on his X account, in which Trump said, 'Let Non-fungible Tokens become hot again'.
3、MAGA（$TRUMP)
Recently, Trump expressed his support for the development of Cryptocurrency in a conference video and called on supporters to vote for him. This video has been widely circulated in the encryption community, which has not only excited Trump's supporters, but also brought new hope for the future of Cryptocurrency.
Trump's comments not only caused a shock in the cryptocurrency market, but also directly boosted the price of the Trump-themed Meme coin MAGA ($TRUMP). Due to the poor liquidity and depth of Non-fungible Tokens, the price of the token may be more responsive to changes in hot events and more suitable for speculation.
MAGA (Make America Great Again) is Trump's classic campaign slogan. The MAGA movement is a political movement centered around American nationalism that emerged during Trump's 2016 presidential campaign.
MAGA ($TRUMP) pumped 78% in price and reached a volume of $281.8 million within 24 hours after the comment was posted, becoming the 13th-ranked Meme coin in terms of Market Cap. MAGA ($TRUMP)'s Market Cap even entered the top 250 in rankings. Supporters of Trump were also excited about his open attitude towards donations for encryption during a dinner Q&A session.
Currently, MAGA ($TRUMP) is one of the strongest Meme coins in the current US election concept, and has been continuously pumping. On July 14th, Trump was shot in the head during a campaign rally. The on-site video showed that Trump's right ear was injured, but apparently it was not serious. During the security escort, Trump raised his right fist to boost morale. At the same time, the Trump MEME concept has experienced a big pump, with TRUMP pumping 44% and MAGA pumping 32% within half an hour.
4. Doland Tremp ($TREMP)
Other related digital assets have also shown similar market reactions. For example, Doland Tremp (TREMP) coin rose from 0.38 dollars to 0.652 dollars, recording a rise of 69.85%.
5. Concept of Mrs. Trump
The Trump family's Non-fungible Token project is not limited to Trump himself. On December 16, 2021, Melania Trump announced the launch of the Melania Trump Non-fungible Token platform, with the first Non-fungible Token named "Melania's Vision" priced at 150 SOL. On February 18, 2022, she launched the "POTUS Non-fungible Token Series" to commemorate important moments in American history.
In addition, Melania · Trump also launched the "The 1776 Collection" Non-fungible Token collection on June 30, 2023 to celebrate the upcoming United States Independence Day. The series is priced at $50 each and is available in 6 editions of 500 pieces.
In recent years, some savvy politicians have discovered that the young vote in the world of encryption is the "must-win" of national election wars, especially in South Korea, where internal competition is severe and young people are eager for rapid wealth and redemption through cryptocurrency trading. According to the Financial Services Commission (FSC) of South Korea, there are a total of 3.08 million young people aged 20-39 who trade cryptocurrencies in Korea, accounting for 23% of the population in this age group (13.431 million), which is close to one-fifth of the total.
During the 2022 March presidential election in South Korea, the incumbent President Yoon Suk-yeol promised to relax the regulation of the cryptocurrency industry and also pledged to "take legal measures" against those who illegally profit from cryptocurrencies, by confiscating their assets and returning them to the victims. Meanwhile, Yoon's main rival, Lee Jae-myung, the Democratic Party candidate and considered the successor to former President Moon Jae-in, not only announced earlier that he would accept cryptocurrency as political donations for his campaign, but also stated that he would mint non-fungible tokens for campaign donors, to serve as proof of donation and memorabilia. The non-fungible tokens issued will include Lee Jae-myung's photos and political views.
This year, the People's Power Party led by South Korean President Yoon Suk-yeol promised to delay the collection of digital asset taxes. Due to the previous ban by the Financial Services Commission (FSC) in South Korea on domestic securities firms acting as agents for overseas-listed BTC Spot ETFs, the People's Power Party now intends to allow Cryptocurrency products approved by developed countries such as the United States to enter the local market in their election promises, including BTC Spot ETFs. Other proposed election promises in the virtual asset industry-friendly plan include the establishment of a digital asset promotion committee, completing legislation related to token securities within the year, and allowing financial institutions and entities such as companies to invest in virtual assets for asset management purposes.
In the early hours of today, the US House of Representatives passed the SAB121 repeal bill, which is seen as a 'huge victory' by the encryption community. In a leaked recording, former SEC enforcement official JohnReedStark stated, 'As long as the Democratic Party controls the SEC, the attacks on cryptocurrency by the SEC will continue. Regulation will not be relaxed, and enforcement actions will not slow down.' It is foreseeable that the intertwining of the encryption industry with partisan struggles will continue to develop.
(Data source: Jaleel Jialiu)
