Seizing the Best Opportunity for Meme Coins in the U.S. Election: A Comprehensive Analysis of Key Timelines and Concept Coins

Author: Jaleel Jia Liu, BlockBeats

The concept of the U.S. election Meme is booming in the crypto circle.

On May 13, Trump invited some of his NFT holders to a dinner, and the video of the event went viral in the crypto community. In the video, Trump expressed his acceptance of the development of cryptocurrencies and stated that Biden and the Democratic Party have consistently opposed cryptocurrencies.

Over the past two weeks, the community has transitioned from excitement to arguing about voting for Trump, and then to discussing the topic of "cryptocurrency and politics." Trump's pro-crypto actions have provided the community with significant "emotional value."

"If you support cryptocurrencies, you better vote for Trump." This has become one of the campaign strategies of Trump's team.

This has also led to a resurgence in Trump's Crypto Meme track. In recent days, the Trump-themed Meme coin, TRUMP, which had been stagnant for two months, has seen a significant increase, with a peak rise of 140%.

Clearly, over the past six months, those in the crypto circle have continued to pay attention to and speculate on U.S. election-themed assets, which may continue to present more profitable opportunities. So what are the important time nodes and key assets to keep an eye on? BlockBeats has organized some information in this article.

Key Time Nodes

Currently, U.S. President Joe Biden and Donald Trump have defeated their respective challengers and are almost certain to become the final candidates for the U.S. presidential election in November.

Image source: The New York Times

Nikki Haley, who previously served as the U.S. Ambassador to the United Nations, has seen her "last chance" to stop Trump from becoming the Republican presidential candidate evaporate. On Super Tuesday, March 5, Trump received overwhelming support, forcing the last remaining opponent in the Republican Party, Nikki Haley, to announce her withdrawal from the race. Biden also won decisively in the Democratic nomination.

This result marks the official start of the 2024 campaign, where the two will face off again following the 2020 presidential election.

Most polls indicate that the competition between Biden and Trump is very fierce ahead of the showdown on November 5 this year. With six months to go, many dramatic events are sure to unfold during this period.

June 27: First Debate

Presidential debates have a decisive impact on U.S. elections and can significantly change the election landscape and process. Debates are not only platforms for showcasing policy views but also battlegrounds where candidates disparage each other and reveal dirt. Historically, debates have often become turning points in elections.

For example, in the 1960 debate between Nixon and Kennedy, Kennedy's outstanding performance helped him win substantial voter support. In 2016, the debates between Trump and Hillary Clinton also made headlines and became hot topics of discussion among voters.

This year, Joe Biden and Donald Trump have agreed to hold debates in June and September, with both sides attacking each other on social media regarding the prospects of the face-off, indicating a showdown filled with tension.

On Wednesday morning, Biden posted on X that he has received and accepted an invitation from CNN to debate Trump on June 27.

The 81-year-old Biden stated on his personal X account: "Donald Trump lost to me in two debates in 2020, and since then he hasn't participated in any debates. Now he acts like he wants to debate me again." He continued, "Well, let me have some fun, buddy!"

Biden later added in another X post that he "has received and accepted CNN's debate invitation" and joked, "It's your turn, Donald. As you said: anywhere, anytime, anyplace." He humorously added, "Donald, I heard you have some free time on Wednesday."

This is because Trump typically has a midweek break during the ongoing hush-money criminal trial in New York. However, the witness testimony phase of the case is nearing its end, followed by the jury deliberation phase. Trump is accused of falsifying business records to conceal hush money paid to a porn star before his successful 2016 campaign. The trial is expected to conclude within the next two weeks.

Trump responded that he would accept Biden's challenge and told Fox News, "I will be there." He also said he "looks forward to coming to beautiful Atlanta." Trump posted on Truth Social: "Dishonest Joe Biden is the worst debater I've ever encountered—he rambles, and he is the worst president in American history."

September 10: Second Debate

After accepting the debate invitation on June 27, the two presidential candidates announced that they have agreed to hold a second debate on September 10.

It is noteworthy that previous presidential elections typically held three debates, but this time there will only be two, making the second debate even more significant. The first debate will be hosted by CNN, while the second debate will be hosted by ABC.

Trump and Biden clashed during the final presidential debate of the 2020 election held in Nashville, Tennessee on October 22, 2020 (Reuters)

Both debates will unusually bypass the long-standing organization that has hosted presidential debates since 1988—the Commission on Presidential Debates (CPD). The debate agreement between the two candidates bypassed the nonpartisan CPD, which has hosted the quadrennial presidential debates since 1988.

This debate in September may be the final formal showdown between the two this year, with heightened tensions expected to draw national attention once again. Through these debates, voters will not only gain deeper insights into the candidates' policies and views but also see their adaptability and demeanor in intense dialogues, such as the candidates' changing attitudes toward cryptocurrencies.

The process of the second debate will also have a profound impact on the election outcome, making it a key node that investors in Meme coins cannot ignore.

November 5: Election Day

The 2024 U.S. presidential election will be held on November 5 (Tuesday). This election marks the 60th presidential election in U.S. history and will also include congressional elections, with all 435 seats in the House of Representatives and 33 Senate seats up for reelection, resulting in the 119th U.S. Congress.

On this day, voters will elect members of the Electoral College, which will then vote to confirm the new President and Vice President of the United States. Therefore, at this critical time point, in addition to speculating on the presidential Meme, there is also the opportunity to speculate on the vice presidential Meme coin.

On Election Day, voters in each state will head to polling stations to select their preferred candidates. Historical experience shows that unexpected twists often occur on Election Day. For example, the election disputes between Bush and Gore in 2000, and Trump's surprising victory over Hillary Clinton in 2016, both demonstrated the uncertainty and drama of Election Day.

For investors speculating on Meme coins, the market volatility on Election Day could be significant, presenting both investment opportunities and risks. Therefore, closely monitoring the voting results and market reactions will be an indispensable part of investment strategy.

January 20, 2025: Inauguration

The elected president will be officially inaugurated on January 20, 2025. This day not only marks the official start of the new president's term but also symbolizes the completion of a peaceful transition of power. The inauguration ceremony is typically held on the west side of the U.S. Capitol, where the new president takes the oath of office under the supervision of the Chief Justice of the Supreme Court.

The inauguration is not only a solemn ceremony but also an opportunity for the new president to deliver their first speech to the nation and the world. In this speech, the president typically outlines the policy direction and governing philosophy for the next four years.

Historically, many presidential inaugural addresses have left a profound impression, such as Lincoln's second inaugural address, "With malice toward none, with charity for all," and Kennedy's "Ask not what your country can do for you—ask what you can do for your country."

Thus, the market reactions before and after the inauguration are also worth paying attention to for the Meme coin market. The new president's policy direction, economic plans, and foreign strategies could significantly impact the market, and if the new president makes some quotable statements, new Memes may emerge.

Latest Polling Situation: Trump Still Leads, But Not Without Concerns

In the face of this "geriatric showdown," the American public appears unenthusiastic. Multiple polls indicate that most Americans do not want Biden and Trump to face off again. The Economist describes the 2024 U.S. presidential election not so much as a popularity contest but as a referendum for American voters, where the question is not which candidate is better, but which is the "least bad."

The final election results are likely to depend on the outcomes in seven key states: Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania, and Wisconsin. These states are referred to as "battleground states" or "swing states" because they swing between Democratic and Republican presidential candidates and play a crucial role in determining which candidate wins the Electoral College.

According to a poll released by The New York Times on May 13, in hypothetical election matchups in six key battleground states, former President Trump leads Biden in five of those states. The survey was conducted from April 28 to May 9. The results show that Trump leads Biden among registered voters in Pennsylvania (47% to 44%), Arizona (49% to 42%), Michigan (49% to 42%), Georgia (49% to 39%), and Nevada (50% to 38%).

Recently, a poll released by The Wall Street Journal also showed Trump with a slight lead over Biden, 47% to 45%. In a new survey that included independent third-party candidates, Trump's lead expanded to 5 percentage points, reaching 40% to 35%. This indicates that, based on current polling, Trump has a significant chance of returning to the White House.

This result is not much different from the last poll conducted by The New York Times/Siena College in October 2023, where Trump also led Biden in all five states except Wisconsin, where Biden had higher support.

Of course, Trump is not without concerns. Over the past few months, Biden's campaign team has intensified efforts to reach voters, while Trump faces multiple legal challenges.

Trump in court, refusing to plead guilty

Trump faces at least two major challenges: one is being embroiled in lawsuits, and the other is a lack of funds. Currently, Trump is involved in four criminal cases, facing 91 charges in total. These legal battles are bound to divert a significant amount of his attention and may ultimately influence some voters' decisions on Election Day, November 5. However, lawsuits can be a "double-edged sword." A recent poll by The Wall Street Journal found that despite Trump's legal troubles, his image and political standing among supporters have become more solidified. The poll showed that 86% of respondents indicated that even if the former president were convicted of a felony, they would still support Trump.

Financial issues are also a significant challenge for Trump. Recently, he was fined over $500 million, and as the lawsuits continue, he may face additional financial penalties. Recently released financial documents show that Trump's campaign funds for political operations are significantly lagging behind Biden's.

In early February of this year, Trump's campaign had cash reserves of about $30 million, while Biden's campaign had nearly $56 million in its accounts. According to Bloomberg, in 2023, Trump spent $51.2 million on legal fees, and he has an additional $23.5 million available. These funds are expected to run out around July this year. Perhaps this is also why he recently publicly expressed a willingness to accept campaign donations from cryptocurrency channels.

Trump Concept

Since its launch at the end of 2022, Trump and his wife have released five series of NFTs, generating millions of dollars in sales.

Trump Digital Trading Cards

Trump's first NFT series, "Trump Digital Trading Cards," was launched in December 2022, with a total of 45,000 cards issued, featuring various fantasy images such as superheroes, astronauts, and western sheriffs. These NFTs were minted on the Polygon blockchain, with each priced at $99. The series sold out within approximately 12 hours of its release.

Related reading: "The 10x Trump NFT in 2 Days, Is It Issued by the Former President Himself?"

After Trump returned to Twitter and posted, the floor price surged to 0.193 ETH, with a daily increase of 41% and trading volume rising by 258%.

Then, on April 19, 2023, Trump announced the launch of the second series of "Trump Digital Trading Cards" on his social platform Truth Social. This series of NFTs was also minted on the Polygon blockchain, priced at $99 each, with a total of 47,000 issued, of which 46,000 were available for sale. The second series continued the success of the first series, once again sparking widespread attention and investment enthusiasm in the market.

As of the time of writing, according to OpenSea data, the floor price for the second season of Trump Digital Trading Cards is 0.02 ETH.

Mugshot Edition

On December 13, 2023, Trump launched the third NFT series, "Mugshot Edition," offering 100,000 NFTs, of which 99,000 were for sale. This series was also priced at $99. According to the issuer, users who purchase 47 Trump cards will have the opportunity to dine with Trump at Mar-a-Lago and receive a suit worn by Trump during his arrest in August.

On May 8, after appearing in court, Trump flew back to Florida to hold a private dinner with major buyers of his "Mugshot Edition" NFT trading cards.

The Mugshot Edition NFT series is also notable, featuring images of him from when he was arrested in Georgia for allegedly conspiring to overturn the state's 2020 election results, along with various derivative illustrations, including arrest scene photos, illustrations of Trump wearing a cowboy hat, and a cartoon image of Trump holding lightning with the caption "American Superhero."

Frank, the founder of DeGods and a well-known figure in the U.S. NFT community, also participated in this dinner. In addition to the aforementioned video, Frank posted another video from the event on his X account, where Trump stated, "We need to make NFTs hot again."

As of the time of writing, according to OpenSea data, the floor price for the Mugshot Edition is 0.9 ETH.

MAGA ($TRUMP)

Recently, Trump expressed his support for the development of cryptocurrencies in a video from an event, urging supporters to vote for him. This video went viral in the crypto community, not only exciting Trump's supporters but also bringing new hope for the future of cryptocurrencies.

Trump's comments not only shook the cryptocurrency market but also directly drove the price of the Trump-themed Meme coin MAGA ($TRUMP) to soar. Due to the poor liquidity and depth of NFTs, the price of the token may be more closely aligned with changes in hot events, making it more suitable for speculation.

MAGA (Make America Great Again) is Trump's classic campaign slogan, and the MAGA movement is a political movement centered on American nationalism that emerged during Trump's 2016 presidential campaign.

Within 24 hours of the comments being made, the price of MAGA ($TRUMP) rose by 78%, with trading volume reaching $281.8 million, making it the 13th largest Meme coin by market capitalization. The market cap of MAGA ($TRUMP) even entered the top 250 rankings on CoinGecko. Trump's supporters were also thrilled by his open attitude towards crypto donations during a Q&A at a dinner.

Currently, MAGA ($TRUMP) is one of the strongest U.S. election-themed Meme coins, continuing to rise, breaking through $10 on May 16, and currently priced at $9.89, with a 24-hour increase of 29.7%. According to dexscreener data, the market cap of MAGA ($TRUMP) is $436.6 million.

Doland Tremp ($TREMP)

Other related digital assets have also shown similar market reactions. For example, the Doland Tremp (TREMP) coin rose from $0.38 to $0.652, recording a growth of 69.85%.

As of the time of writing, according to dexscreener data, the market cap of Doland Tremp ($TREMP) is $82.5 million.

Trump Family Concept

The Trump family's NFT project is not limited to Trump himself. On December 16, 2021, First Lady Melania Trump announced the launch of the Melania Trump NFT platform, with the first NFT titled "Melania's Vision," priced at 150 SOL. On February 18, 2022, she launched the "POTUS NFT" series to commemorate significant moments in U.S. history.

Additionally, Melania Trump launched the "The 1776 Collection" NFT series on June 30, 2023, to celebrate the upcoming Independence Day. Each piece in this series is priced at $50, divided into six versions, with a total of 500 pieces for each version.

Biden Concept Coin

Jeo Boden ($Boden)

Since its release in March, $Boden has become one of the most talked-about Meme coins in this political cycle. This coin, based on the Solana blockchain, has attracted attention from figures such as zkSync, Phantom, and Messari founder Ryan Selkis due to its astonishing price increases and unique cultural phenomenon.

These Meme coins are not just derivatives of political figures but extend into entertainment, culture, business, and religion. They often create unique cultural phenomena through puns and variations of English words, similar to the "Shamate" trend from 15 years ago. Their artistic expression often presents exaggerated visual effects, filled with quirky and humorous elements.

Related reading: "The American 'Shamate' is Taking Over Solana"

As of the time of writing, according to dexscreener data, the market cap of $Boden is $268.8 million. As one of the two major candidates in the U.S. presidential election, $Boden is sure to experience a surge in speculation during the election period.

Kamala Horris ($KAMA)

A survey by the Pew Research Center shows that nearly half of registered voters do not support Biden or Trump for president. Nearly two-thirds of respondents expressed doubts about Biden's physical condition to serve as president, and a similar number of respondents lacked trust in Trump's moral character.

If Biden is unable to fulfill his presidential duties due to illness, Vice President Kamala Harris will assume the presidency. Harris may become a focal point of market attention, especially if Biden's health deteriorates after being elected.

According to the U.S. Constitution and the Presidential Succession Act, the Vice President will assume the presidency when necessary, ensuring a smooth transition of power. The succession order following the Vice President includes the Speaker of the House, the President pro tempore of the Senate, and cabinet members such as the Secretary of State, ensuring a clear succession process in any circumstance.

Therefore, in this context, the tokens related to Vice President Kamala Harris are also worth paying attention to. However, currently, the liquidity of $KAMA is relatively low compared to others, and it is only organized here as a thought process, not as an investment recommendation.

Other Election Concept Coins

$PEOPLE

Since May, the price of $PEOPLE has been on the rise, partly due to its connection to the U.S. election concept. This token represents the idea of decentralized governance and achieved the goal of "co-ownership," symbolizing human rights and the spirit of decentralization, by crowdfunding to purchase the last publicly auctioned copy of the U.S. Constitution at a Sotheby's auction.

The core of $PEOPLE carries a distinct leftist color, attracting investors with similar ideals. With this concept, $PEOPLE has gained an advantage in the market.

According to OKX market data, $PEOPLE briefly surpassed $0.048 on May 15, with a 24-hour increase of 34.15%. As of May 16, the price of $PEOPLE is $0.0515, with a 24-hour increase of 38.44%. Additionally, Binance announced on May 14 that it would launch spot trading pairs and trading bot services for $PEOPLE, further driving up its price.

As of the time of writing, according to dexscreener data, the price of $PEOPLE is $0.05216, with a market cap of $264.3 million.

American Coin ($USA)

American Coin is a token filled with Meme attributes, with promotional copy resembling the "Declaration of Independence," giving $USA more cultural and political significance:

"Today is Monday, November 4. A box of eggs costs $20. Average home prices start at $1 million. The baby boomer generation has stolen your future, and you live in a 400-square-foot roach nest, listening to politicians tell you to just own Boden and be happy. This is a future that no real American wants. That's why $USA is here. $USA exists to fight against such a future. $USA is not a political token. It is a call, a cultural renaissance. $USA represents you, those who want to reshape the beauty of America through the power of cryptocurrency."

This narrative not only adds cultural and political depth to $USA but also attracts investors with a strong sense of identity regarding American culture and history. $USA is not just an investment target but a symbol of cultural renaissance.

As of the time of writing, according to dexscreener data, the market cap of $USA is $62.7 million.

Note: Most Meme speculation carries significant risks and lacks practical value. This article is for thought recording only and does not constitute investment advice.