The Trump-themed meme coin is highly volatile due to news and election conditions. What is the outlook for the PoliFi token?

Author: Weilin, PANews

After the "assassination attempt" incident involving Trump, the cryptocurrency market saw significant fluctuations in Trump-themed virtual assets, primarily around Trump-themed tokens and NFTs. Following the shooting incident, MAGA(TRUMP) surged over 40% within half an hour, while MAGA(MAGA) rose over 35%. As of July 15, the prices of the two main tokens have retreated, but a new batch of tokens has emerged, such as FJB(FJB), which increased by 56.26% in a single day.

As part of meme coins, the price of Polifi tokens has fluctuated more noticeably with the election situation in the U.S. and news events related to candidates like Trump. Industry insiders have also shared their views on whether these tokens will replace more mainstream meme coins.

TRUMP and MAGA Surge, 9 out of 10 Polifi Tokens are Trump-themed

As of 5 PM on July 15, the top 10 Polifi tokens sorted by verified market capitalization on 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) has increased by 39.42% in the past 7 days, with a daily drop of 16.94%; MAGA(MAGA) has increased by 10.23% in the past 7 days, with a daily drop of 16.98%.

Sorted by daily increase, FJB(FJB) rose by 56.26% in a single day, MAGA Trump(MAGATRUMP) increased by 44.55%, MAGA(TRUMP2024) rose by 32.48%, and ULTRA MAGA(ULTRA) increased by 25.4%. In the Polifi token sector, Trump-themed tokens occupy almost the entire field.

Additionally, the newly launched Trump-themed tokens EAR and FIGHT have also seen significant increases following the attack incident. As of 5 PM on July 15, according to Dexscreener data, FIGHT's FDV (Fully Diluted Valuation) reached $15.3 million, and EAR's 6-hour increase was 32.51%, but it dropped 70.55% in 24 hours, currently having an FDV of $4.8 million.

At the same time, the floor price of Trump's NFT "Trump Digital Trading Card" first series reached a new high of 933 MATIC (approximately $502), now reported at $422.15, with a 7-day increase of 121.59% and a daily drop of 12.24%. The floor price of the second series of "Trump Digital Trading Card" is reported at $65.5, with a 7-day increase of 16.93% and a daily increase of 2.1%.

Trump-themed Tokens Fluctuate Significantly with Market News and Election Situations

PoliFi's meme tokens combine politics, finance, and community, so whenever significant events involving Trump or other politicians occur, the prices of these tokens reflect that. Andrew Kang, co-founder of Mechanism Capital, stated on X that investing in meme coins is based on attention economics, and Trump has become a regular in the news cycle due to the U.S. elections. The bet is that he will continue to be present in the media, not just regarding his potential electoral victory.

Therefore, these tokens are greatly influenced by news and election progress, and investors need to closely monitor relevant agendas reported by the media. For instance, during the first televised debate between Biden and Trump on June 27, meme coins inspired by the two candidates experienced significant market price fluctuations. Super Trump Coin(STRUMP), MAGA(TRUMP), MAGA(MAGA), and Doland Tremp(TREMP), along with the misspelled Jeo Boden(BODEN), all experienced varying degrees of decline.

On June 18, rumors circulated that Trump was launching the official token $DJT on Solana, and subsequently, as the operators behind DJT were revealed, the DJT token began to plummet. Dex Screener data showed that DJT's daily drop reached nearly 66.7%, with a market cap of only about one-third of its peak.

Looking back to May 31, a New York jury found Trump guilty on all 34 counts, with Trump being accused of falsifying business records, making him the first former U.S. president to be convicted. Following this, MAGA(TRUMP) experienced a sharp drop before rebounding significantly. FreeTrump(TRUMP) soared by 592.5%. Other related tokens like MAGA Hat(MAGA), Super Trump(STRUMP), and MAGA VP(MVP) saw declines ranging from 10% to 25%.

This highlights the importance of paying attention to market news and social media. In the face of significant events, users participating in meme investments should react quickly and verify information from multiple sources to handle information correctly and make timely decisions.

Future Development Potential of Polifi Tokens: When is the Right Time to Sell?

Regarding the growth potential of Polifi tokens, recent comments from industry practitioners and KOLs in the crypto space have varied. In March of this year, Steven Steele, the marketing director of the MAGA project and a YouTube talk show host, stated, "My real goal is to make this project comparable to DOGE or SHIB, reaching that scale, market cap, and popularity."

"For many investors, it has developed into a de facto election betting market," Steele said. "In the meme scene, people want a provocateur, someone exciting and unpredictable, seen as a complete rebel… In the eyes of many, Trump embodies all these qualities."

Andrew Kang shares a similar view. As early as February this year, Mechanism Capital, led by Andrew, had already invested in Trump-themed meme tokens and NFTs.

"Until the summer, he will continue to appear in the news cycle. Of course, there are also the elections afterward. 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 always be in the headlines, and people will keep talking about Trump. His entire strategy is to provoke, make outrageous and interesting statements, and attract attention," Kang stated on X.

"There are not only these elections but also upcoming court cases and prosecutions, which will serve as catalysts or events to attract more attention. This includes federal election overturning cases, Mar-a-Lago classified documents cases, Georgia election overturning cases, New York hush money cases, and the Trump Organization civil fraud trial, among others. There are some Trump coins on the market now, but in my view, only the one with the highest market cap will have sustainability and become the focal point of all Trump-related speculation," he said.

In his view, all meme coins carry risks. "The main risk here is that Trump himself sells all his $TRUMP (currently valued at about $1 million) and denies this coin. This could kill it immediately, or it might follow the path of $DOGE/$SHIB, where the former's founder sold all tokens and denied it, while Vitalik also sold tokens for the latter. However, both found sustainability after these events."

Andrew indicated that after the election, if the tokens experience significant growth, it could create a "sell the news" effect. "I expect a consolidation period after his electoral victory, similar to the performance of Dogecoin after its association with Elon Musk."

"As the campaign heats up, these meme coins may become a measure of the candidates' popularity. While their volatility is related to the hype surrounding the political figures they track, their growth also profoundly reflects broader market dynamics," noted Max Jones, CEO and co-founder of MemePad.