Election victory: A review of Trump-related cryptocurrency assets
Trump has always been a monopolizer of public attention, and the cryptocurrency assets associated with Trump will also have long-term speculation potential.Author: J1N, Techub News
Organizer: Tia, Techub News
Trump's campaign journey has been fraught with challenges. From gradually gaining an advantage over Biden in the early competition, to the entry of Kamala Harris into the race dimming hopes for victory, and then receiving public support from tech giant Elon Musk, injecting new momentum into his campaign. Now, the cryptocurrency community and numerous tech companies are gradually rallying around Trump on social media, further adding widespread support to his campaign.
Although the official results have yet to be announced, Trump is already poised for victory and has delivered a victory speech. If nothing unexpected occurs, he will become the 47th President of the United States. As a cryptocurrency-friendly figure, the potential impact of his policies has led Bitcoin prices to hit a new high today, briefly surpassing 76,000 USDT, peaking at 76,400 USDT.
Moreover, the Trump family is actively exploring the crypto space, with his team launching an NFT series themed around Trump's image, while his second son, Eric Trump, has introduced a decentralized finance project—World Liberty Financial (WLFI), marking a new venture in the DeFi sector. Trump has always been a monopolizer of public attention, and crypto assets related to Trump will likely have long-term speculative potential. On the occasion of the election victory, Techub News has compiled a list of cryptocurrency assets related to Trump for readers.
Cryptocurrency Assets Related to Trump
Memecoin: MAGA
The Trump Memecoin MAGA was launched by the cryptocurrency community in August last year. MAGA stands for "Make America Great Again," which is the core slogan of Trump's political campaign. As of the time of writing, according to Coinmarketcap, the market capitalization of the MAGA token has reached 178 million USD, ranking 51st among Memecoins.
Trump Team Series NFT:
In addition to Memecoins, there are also NFTs related to Trump, but these NFTs differ from the previous Memecoins. Their issuer, NFT INT LLC, obtained a license to use Trump's likeness for a fee, and Trump himself promotes this series of NFTs.
The Trump team has issued two series of NFTs, both launched on Polygon, namely: "Trump Digital Trading Cards" and "Trump Digital Trading Cards Series 2."
"Trump Digital Trading Cards"
This series was released on December 16, 2022, with a total of 45,000 cards issued, each priced at 99 USD. As of the time of writing, according to Magic Eden data, the total trading volume of "Trump Digital Trading Cards" is 26,624,461 POL (9.05 million USD).
Consumers who purchase cards will automatically enter a lottery, with prizes including video calls with Trump, face-to-face meetings with Trump, dinners with Trump, golfing with Trump, limited edition signed photos of Trump, and winning a gold version of the Trump digital trading card, among others. Additionally, if you purchase 45 Trump digital trading cards at once, you will directly receive an opportunity to dine with Trump.
"Trump Digital Trading Cards Series 2"
This series was released in April 2023, with a total of 47,000 cards issued, each priced at 99 USD. As of the time of writing, according to Magic Eden data, the total trading volume of "Trump Digital Trading Cards Series 2" is 5.4 million POL (1.782 million USD).
The 47,000 cards here signify Trump's participation in the 47th presidential election, while the 45,000 cards from Series 1 refer to Trump's tenure as the 45th President of the United States. Similar to Series 1, purchasing Series 2 also offers benefits; if a user buys 47 of this NFT, they can dine with Trump, receive a limited edition physical card, and a presidential suit, along with an NFT dinner invitation card. If a user purchases 100 of this NFT, they will receive the Bitcoin Ordinals version of "Trump Digital Trading Cards," along with some additional benefits.
The two series of NFTs have brought millions of dollars in returns to Trump. According to the latest certified financial disclosure information released by the Washington Citizens for Responsibility and Ethics, former President Donald Trump’s holdings in Ethereum and income from his personal brand's NFTs are continuously increasing. Documents show that Trump's wallet holds Ethereum worth up to 5 million USD, from which he earned 4.9 million USD from the "Trump Digital Trading Cards" and "Trump Digital Trading Cards Series 2." The NFT issuer also garnered millions of dollars in sales and royalties.
World Liberty Financial
World Liberty Financial is a DeFi platform launched by Trump's second son, Eric Trump, aimed at providing cryptocurrency lending and storage appreciation services to the community in a decentralized manner. WLFI focuses on serving communities lacking traditional banking services, and its governance token WLFI allows holders to participate in project decision-making. The token distribution model of WLFI is relatively conservative, with 63% allocated for public sale, 17% for reward mechanisms, and the remaining 20% distributed to the project team and managers. World Liberty Financial initiated a temperature check proposal on AAVE on October 10 this year, proposing to launch on the Ethereum mainnet using Aave V3, allowing users to borrow assets such as ETH, WBTC, USDC, and USDT. This proposal has now been approved.
The Trump family's layout in crypto assets not only showcases their high level of involvement in the field but also further reflects their close ties with the cryptocurrency community. As Trump's political influence expands, the crypto market may receive more attention under his potential policies, and the future market development is worth further observation.
