Top PolitiFi Tokens to Watch During the US Presidential Elections

The crypto market never fails to surprise, and June 2024 is no exception.  PolitiFi meme coins are making headlines with their marked price surge during the presidential election . These tokens blend political intrigue and offer potential returns, but their speculative and volatile nature makes them high-risk assets. Here's a look at the trending PolitiFi meme coins you should watch this month.

• TrumpCoin (DJT) surged by over 442% in the last 24 hours. This dramatic increase followed a report claiming former President Donald Trump is behind the token, sparking immense interest and trading volume.

• Trump-linked tokens experienced a significant market crash. Despite DJT's surge, other Trump-themed tokens like MAGA Again (MAGAA) and Trump Mania (TMANIA) saw steep declines, with some losing over 50% of their value.

• A new PolitiFi memecoin, Solciety (SLCTY), launched on June 18. Solciety is set to hit the market with a unique platform combining political satire and meme culture, attracting degens and meme enthusiasts alike.

• PolitiFi tokens remain speculative but highly engaging. These tokens offer no official political affiliations and lack practical utility, yet they continue to captivate investors with their potential for significant returns, especially with the U.S. Presidential Election approaching.

PolitiFi coins are memecoins themed around political figures and ideologies, such as Donald Trump. While whether Trump can still run for president is under controversy, these political-themed meme coins combine political engagement with the crypto world. You can trade these tokens like other cryptocurrencies. However, they don't have official ties to the politicians they represent. These tokens are highly speculative and mostly driven by community interest and current events. If you invest in PolitiFi tokens, you should be prepared for high volatility and risks.

At the time of writing, CoinGecko lists 37 PolitiFi tokens on its platform with a combined market cap of nearly $1.2 billion. 

Here's a closer look at the top PolitiFi tokens dominating the market based on their market cap and popularity: 

PEOPLE/USDT price chart | Source: KuCoin

1. MAGA (TRUMP): The largest PolitiFi token by market cap, valued at over $412 million. It is based on Donald Trump's "Make America Great Again" slogan and has seen rapid growth due to its strong community support.

2. ConstitutionDAO (PEOPLE): A political DAO with impressive growth, currently holding a market cap of approximately $441 million. It was originally created to buy an original copy of the U.S. Constitution and has since maintained a strong presence in the PolitiFi space.

3. Jeo Boden (BODEN): The leading Biden-themed token with a market cap of around $91 million. It represents a satirical take on President Joe Biden, appealing to those on the other side of the political spectrum.

4. MAGA Hat (MAGA): A meme coin inspired by Trump’s iconic hat, with a market cap of about $83 million. It thrives on the visual symbol of Trump’s campaign, making it a popular choice among meme coin enthusiasts.

5. Doland Tremp (TREMP): A top performer on the Solana network, boasting a market cap of $73 million. This token is another playful misspelling of Trump’s name, capturing the attention of the crypto community.

6. Super Trump (STRUMP): A multi-chain Trump token valued at around $36 million. It operates on both Ethereum and Solana, offering unique tokenomics that appeal to Trump supporters and crypto investors alike.

7. Tooker Kurlson (TOOKER): Based on Tucker Carlson, this token has a market cap of about $21 million. It leverages the popularity of the TV personality to attract a politically engaged audience.

8. MAGA VP (MVP): Offers passive rewards linked to Trump’s VP pick, with a market cap of $8 million. This token stands out by providing holders with rewards in the form of other PolitiFi tokens.

9. BABYTRUMP (BABYTRUMP): A micro-cap meme coin, valued at $2.8 million. It features a baby version of Donald Trump, making it a humorous yet risky investment option.

10. Kennedy Coin (BOBBY): Supports Robert F. Kennedy Jr.’s movement and has a market cap of $4.5 million. It aims to fund Kennedy's legal defense and other related activities, appealing to his supporters. 

The Solana-based memecoin TrumpCoin (DJT) recently grabbed attention with a massive surge of more than 442% in just 24 hours. This spike followed a report from Pirate Wires claiming that Donald Trump is behind the token. The news has sent shockwaves through the PolitiFi market, causing other Trump-themed tokens to plummet.

Read more: DJT Memecoin on Solana Soars Over 1,000% on Trump Crypto Rumors

Is Trump Launching His Official Crypto? 

Pirate Wires reported on June 17 that Trump is launching an official token, TrumpCoin (DJT), with his son Barron spearheading the project. However, doubts about Trump’s involvement persist. Mike Solana, Pirate Wires' editor-in-chief, shared the smart contract address but admitted he hasn't spoken to Trump directly. He also speculated that Trump might deny involvement or pivot the project entirely.

Market Impact

Despite the buzz, Trump’s team has not confirmed his involvement in DJT. Crypto community members, including Messari founder Ryan Selkis, remain skeptical. Selkis stated there's a "50-50" chance that DJT could be legitimate or a deceitful scheme. Polymarket gives only a 17% chance of Trump's involvement.

Fallout on Other Trump-Linked Memecoins

The surge of TrumpCoin (DJT) has led to a significant market crash for other Trump-themed tokens. Tokens like MAGA Again (MAGAA), Trump Mania (TMANIA), Doland Tremp (TREMP), trumpie (TRUMPIE), and MAGA (Trump) experienced steep losses in the last 24 hours.

• MAGAA: Plummeted over 57%

• TMANIA: Dropped more than 51%

• TRUMPIE: Fell by 38%

• TREMP and TRUMP: Both lost over 30%

Solana-based Solciety (SLCTY), launched on June 18, is positioned as an emerging player in the memecoin market. Focusing on political satire and meme culture, Solciety seeks to introduce new dynamics to the meme coin landscape.

Solciety’s Unique Features

• Meme Campaigner Tool: Allows users to create or tweak meme coins using over 200 character traits.

• AR Fusion: Merges meme moments with the real world, creating a buzz and rewarding token creators.

• Presale: Offers 30% of the total supply, with 3 billion tokens available at a starting price of $0.0015 per SLCTY.

PolitiFi tokens are speculative and highly volatile. They offer no official affiliation with political figures and lack practical utility. However, the potential for significant returns exists, especially with the upcoming U.S. Presidential Election. Investing in a diversified portfolio of PolitiFi tokens could yield sizable gains, but it's crucial to approach with caution and only invest what you can afford to lose.

PolitiFi tokens with large market caps and good liquidity are available on centralized exchanges like KuCoin. For others, you'll need to use decentralized exchanges. Here’s a quick guide:

1. Buy Established Coins: Purchase ETH or SOL, depending on the network of the PolitiFi token you wish to buy.

2. Transfer to a Private Wallet: Move your coins to a compatible crypto wallet like MetaMask or Phantom.

3. Connect to a Decentralized Exchange: Use platforms like Uniswap or Raydium to trade for PolitiFi tokens.

PolitiFi tokens like TrumpCoin (DJT), MAGA (TRUMP), and the upcoming Solciety (SLCTY) offer highly volatile opportunities in the crypto market for gains, but with high levels of risk. While highly speculative, these tokens blend political themes with the fast-paced world of crypto, making them an interesting area to watch in June 2024. 

Stay informed and invest wisely as the PolitiFi token market continues to expand and captivate the crypto community.