The price of the Trump-themed meme coin skyrockets, and a new Web3 narrative resonates within the community?

In the current cryptocurrency market, Trump's name has recently become a focal point of discussion. Reports indicate that Trump's comments have not only caused turbulence in the cryptocurrency market but have also directly impacted the price of the Trump-themed meme coin MAGA (TRUMP), which surged by 78%. Its 24-hour trading volume reached $281.8 million, making it the 13th largest meme coin by market capitalization. The coin's market cap even entered the top 250 rankings on CoinGecko. Trump's supporters were also thrilled by his expressed openness to cryptocurrency donations during a dinner Q&A.
A video of Trump at the event went viral in the crypto community, where he expressed support for the development of cryptocurrencies and urged his supporters to vote for him. This statement not only excited Trump's supporters but also brought new hope for the future of cryptocurrencies. On May 13, news reported that the price of the meme coin TRUMP continued to rise to $7.51, with a 24-hour increase of 22.1%. This volatility not only caught investors' attention but also made the cryptocurrency market a hot topic of discussion once again.

In this unpredictable market, every move Trump makes is closely watched. His support has brought new momentum to the cryptocurrency market, while also sparking discussions and thoughts about the future trends of the market.

Firmly Supporting Crypto Assets, Trump Captures an Important Voter Base Ignored by Biden

At a recent dinner event, Donald Trump successfully attracted a special voter group that the Joe Biden administration has failed to cover—cryptocurrency supporters. Although he is not an expert in cryptocurrency policy, Trump has shown significant market sensitivity and sales talent in this field, clearly positioning himself as a defender of cryptocurrencies.
At the dinner at Mar-a-Lago, Trump declared his support for cryptocurrencies and promised that his campaign would accept cryptocurrency donations, a statement clearly aimed at the Democratic Party and President Joe Biden's stance. Additionally, he discussed the topics of Central Bank Digital Currencies (CBDCs) and government blockchain, although these are generally not welcomed by the cryptocurrency community. Trump stated that despite his reservations about cryptocurrencies, he believes they are a form of currency and expressed support for their future.
Meanwhile, the Biden administration continues to closely regulate the cryptocurrency industry. Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), is actively pushing for legal actions against the industry, while Biden has publicly opposed attempts by the House to repeal cryptocurrency accounting rules. Critics argue that these rules have restricted the industry's development. Trump sharply criticized this at the dinner, describing the Democratic Party as the enemy of cryptocurrencies and positioning himself as the "only hope" for the industry.
This dinner was not just an ordinary social gathering; it was Trump leveraging his influence and using cryptocurrencies and NFTs as a medium to court voters overlooked by the Biden administration. By demonstrating his support and commitment to this special group, Trump is not only seeking an advantage in political competition but also trying to mobilize a large number of cryptocurrency holders and supporters who could significantly impact the election outcome. In the context of cryptocurrencies becoming an increasingly important social and economic phenomenon, this strategy could provide him with a considerable campaign advantage.

NFT Sales Strategy and Design Quality Show High Standards, Subtly Supporting Trump's Campaign?

Since the launch of Trump Digital Trading Cards at the end of 2022, three series have been released, accumulating sales of millions of dollars. The first series was launched in December 2022, consisting of 45,000 cards featuring various fantasy images such as superheroes, astronauts, and western sheriffs. These NFTs were minted on the Polygon blockchain and sold for $99 each. This series sold out within approximately 12 hours of its release, demonstrating strong market appeal.

Subsequently, in April 2023, Trump's team launched the second series, maintaining the same pricing strategy. This batch of NFTs sold out within 5 hours of release, generating $4.6 million in sales. Recently, the third series, "Mugshot Edition," was launched, offering 100,000 NFTs, of which 99,000 were available for sale. Buyers of this series not only receive unique digital cards but also have the chance to dine with Trump, showcasing the unique market positioning of their NFT project.
Notably, purchasing a specific number of NFTs (for example, spending $4,653 to buy 47 cards) grants access to a dinner with Trump. For higher-tier supporters, they can pay nearly $10,000 to purchase 100 NFTs, which not only allows them to attend a VIP cocktail party but also includes a limited edition Bitcoin inscription digital trading card and VIP dinner tickets. These tickets allow buyers to dine with Trump at a VIP table, highlighting the high-end positioning of this marketing strategy.
The images of these NFTs are diverse, ranging from Trump's police booking photo to cartoon images of him wearing a cowboy hat, showcasing various facets. Nevertheless, officials emphasize that these digital trading cards are not related to politics and do not involve any campaign activities, positioning them as collectibles and memorabilia. Within the crypto community, Trump's series of actions not only deepened his connection with the crypto world but also caused the value of related MEME coins to soar, demonstrating his influence in this field and the market's sensitive response.

Through these initiatives, Trump has left a significant mark on the cryptocurrency market and demonstrated his acceptance and utilization of emerging technologies. Regardless of how the market changes, Trump's NFT project continues to drive interest in the digital asset space while sparking widespread discussion about the potential for his series to develop further.

The Binding of Meme Assets and Politics Has Become an Inevitable Trend, Trump is Just the Initiator

With Trump's active participation and clear stance, the performance of the cryptocurrency market and related meme coins has shown significant dynamic changes. According to CoinMarketCap data, the meme coin MAGA (TRUMP) related to Trump experienced a notable value increase in a short period, reflecting not only the market's immediate reaction but also showcasing Trump's growing influence in this area.
Other related digital assets have also exhibited similar market responses. For example, the Doland Tremp (TREMP) coin rose from $0.38 to $0.652, recording a 69.85% increase. Even the Biden-themed meme coin Boden experienced a 25% increase under the influence of Trump's comments.
In the NFT space, the performance of Trump Digital Trading Cards has been particularly outstanding. According to NFT Floor data, the floor price of these trading cards minted on Polygon surged from $211.56 on May 9 to $465.7, an increase of over 120%. During the same period, their trading volume skyrocketed from 13,658 MATIC to 65,749 MATIC, an increase of 475.46%; the number of sales also rose from 65 to 138, a growth of 213.64%.
At the intersection of politics and financial technology, Trump's cryptocurrency strategy has clearly won him the support of specific voters while injecting new vitality into the crypto market. This strategy demonstrates how to utilize cryptocurrencies not just as an asset but as a tool to expand political influence and attract young voters.
Moreover, this incident highlights the importance of political power within the cryptocurrency industry. As more political figures like Trump directly engage in cryptocurrency issues, we can anticipate more adjustments and optimizations in policies and market regulations in the future. The involvement of political figures may not only promote the development of regulations but also bring new opportunities for the popularization and acceptance of cryptocurrencies.
While the market has reacted positively to Trump's comments and actions in the short term, it also reminds investors and market participants to remain sensitive to political dynamics and be prepared for potential market fluctuations that may arise. Although Trump's cryptocurrency strategy has brought direct support to his campaign, it has also revealed the potential uncertainties and risks within the cryptocurrency field to market participants.
In conclusion, Trump's actions and the cryptocurrency market's responses not only add a new dimension to his political campaign but also provide new perspectives and discussion points for the future development of the cryptocurrency industry. This process, while full of challenges, is equally filled with opportunities, representing an important growth opportunity for market participants willing to adapt and learn from political and economic events.