What are the TRUMP meme coins and is the TRUMP coin worth buying?
TRUMP Trading Link: https://www.gate.io/pilot/solana/official-trump-trump2
TRUMP meme coin is a type of cryptocurrency with the theme of the elected US President Donald Trump. These meme coins typically lack substantial technology or practical use, relying more on community enthusiasm and the influence of Trump himself.
Today’s Event
At 10 a.m. Beijing time today, U.S. President-elect Trump announced the launch of his personal official Meme coin “TRUMP” through the social media platform Truth. After confirmation from Trump’s official X account, the market ruled out the possibility of his account being hacked, and the cryptocurrency community was unprecedentedly enthusiastic.
Trump-related MEME coins
Trump’s leadership style is known for being ‘non-traditional,’ with a direct, confrontational, and highly personalized political style. Even in the cryptocurrency field, Trump’s presence is equally strong. Here are some meme coins related to Trump:
Official Trump (TRUMP): According to Gate.io market data, TRUMP is currently priced at $22.4, with a circulating market value of approximately $4.44 billion, ranking 32nd in the entire market. According to official introduction, TRUMP was issued on Solana On the chain, the token is designed to commemorate the heroic posture of raising a fist and shouting the iconic battle slogan ‘FIGHT FIGHT FIGHT’ after Trump was assassinated on July 13, 2024. GetTrumpMemes aims to express support and participation in the ideals and beliefs represented by the ‘TRUMP’ symbol and its related artworks, and is not intended to be an investment opportunity, investment contract, or subject of any type of security. GetTrumpMemes is not involved in politics and is unrelated to any political campaign or any political office or government institution.
FIGHT (FIGHT): According to Gate.io market data, FIGHT is currently priced at $0.004 with a circulating market value of approximately $4 million. FIGHT is a meme coin inspired by the iconic moment of Donald Trump’s injured ear on July 14, 2024, symbolizing the resilience and perseverance of the cryptocurrency community.
Magahat.vip (MAGA): According to the market data from Gate.io, MAGA is currently priced at $0.000067, with a 24-hour decrease of 41%; MAGA’s current circulating market value is $28 million, a decrease of over 90% from its historical high. MAGA is the abbreviation for Make America Great Again, which is the slogan used by President Trump during the last U.S. presidential election and his term in office.
FEAR NOT (FERANOT): According to Gate.io market data, FEAR NOT is currently priced at $0.0000025, with a 24-hour decline of 33%; FEAR NOT has a current circulating market value of $260,000, a decrease of over 95% from its historical high. Fear Not is the text accompanying the banner on Donald Trump’s official website homepage after his assassination on July 13, 2024.
Is it worth buying TRUMP token?
Since its launch on Gate.io Innovation Zone at 11:00 a.m. today, the trading volume of TRUMP tokens has reached $22.5 million, and the cumulative increase of TRUMP tokens has reached 440%. The current market capitalization of TRUMP tokens is $4.44 billion, ranking 32nd in the market. Investing in meme coins related to TRUMP is generally considered high-risk. The following points can help you make a judgment:
- Community Passion: The value of the TRUMP token often depends on the passion of the community and the emotional fluctuations of supporters. If Trump’s public image or related events generate enough attention, it may drive up its price.
- Lack of technical support: TRUMP tokens lack sustainable technology and practical use. They are more of a part of social and meme culture, which should be considered when investing.
- Market Volatility: Like all meme coins, coins like TRUMP token may experience extreme volatility, and prices may fluctuate dramatically in the short term.
Summary
The launch and market performance of the TRUMP token have attracted widespread attention, not only because it is closely associated with Trump’s personal brand and political image, but also because it represents the emerging trend of ‘politics + cryptocurrency’. The TRUMP token is not just a cryptocurrency, but also a part of the Trump brand, representing a specific political and cultural symbol. As a type of Meme coin, the political symbols and influence behind the TRUMP token may become its long-term support. If Trump continues to remain active on social media and promote the token, the TRUMP token may transform from a pure investment tool into a cultural symbol.
Overall, TRUMP-related meme coins are more suitable for investors who can tolerate high risks and are interested in this cultural phenomenon. If you are looking for long-term, stable investment returns, you may need to carefully consider the risks of these coins.
