“Trump-themed Meme Coin Soars Over 40%: Mechanism Capital Partner Explains Bullish Position”

"Trump-themed Meme Coin Soars Over 40%: Mechanism Capital Partner Explains Bullish Position"

"Trump-themed Meme Coin Soars Over 40%: Mechanism Capital Partner Explains Bullish Position"

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Why Build “Trump” Meme Coins
Meme Coin TRUMP Soars Over 40%
Trump NFT Also Rises
Andrew Kang, partner at Mechanism Capital, revealed in a tweet today that Mechanism Capital has accumulated a batch of meme coins and NFT digital assets with Trump as the theme since early 2024.
Andrew Kang explained that meme coins are entirely about the “attention economy,” and Trump is one of the best at attracting public attention in the world. Especially since the US primaries have just begun, he will frequently appear on TV and newspaper front pages for a long time (and polls show that he is likely to win). Andrew Kang stated that the public will constantly talk about Trump and all his provocative, shocking, and interesting statements throughout the entire campaign, which will attract people’s attention.
In addition to the elections, attention will also be drawn to federal election subversion cases, Mar-a-Lago estate secret documents, Georgia election subversion cases, New York AV actress hush money cases, Trump Organization civil fraud cases, and other accusations.
After discussing the “subject matter,” Andrew Kang returned to the meme coins themselves, stating that although there are currently many meme coins with Trump as the theme in the market, only the one with the highest market value has the potential for long-term existence and becomes the gathering point for all speculations related to “Trump.” The meme coin Andrew Kang referred to is the meme coin TRUMP, currently valued at $117 million, which has surged over 40% in the past 24 hours.

However, Andrew Kang also warned that all garbage coins are risky, especially meme coins like TRUMP:
But overall, Andrew Kang believes that TRUMP may be the first meme coin he has seen that can compete with Doge/Shib.
It is worth mentioning that besides the surge of the meme coin TRUMP, the floor price of the NFT series collection “Trump Digital Trading Cards” issued by Trump himself has also risen from 0.22 ETH in the morning to 0.32 ETH, with an increase of over 45%.