Trump coin
TRUMP
Target Name
Trump coin
Ticker
TRUMP
Strategy
long
Position Type
token
Current Price (USD)
1.4
Circulating Market Cap ($M)
60
Fully Diluted Market Cap ($M)
-
CoinGecko
$TRUMP: Solid FDV / attention ratio into a big catalyst 6-12 months w/ US election
05 Feb 2024, 11:30am
Mechanism Capital has accumulated its first new positions of 2024. These new positions center around Trump and include Trump related meme coins and NFTs. Prolific usage of Trump sticker packs to start immediately.
Thesis
Meme coins are all about the attention economy and Trump is probably one of the best attention monopolizers in the world. US Primary elections just started so now you have a state/territory election every week or two until summer so he is CONSTANTLY in the news cycle. And of course after that you have the general election. This bet is not just on whether Trump wins or not. Polling indicates that he's very likely to win but that's not the point the point is that he's going to be in headlines everywhere all the time and ppl are constantly going to be talking about Trump. His whole strategy is being provocative, saying outrageous and funny things, things that get the people going.
Not only do you have these elections but also the court cases and indictments that are set to go to trial that serve as catalysts/events for more attention. The federal election subversion case, Mar-a-Lago classified documents case, Georgia election subversion case, New York hush money case, Trump Organization civil fraud trial, etc
Now there are a few trump coins out there, but IMO only the highest market cap one will have any longevity and serve as shelling point for all TRUMP related speculation. Have seen a few others come and go for short lived pump and dumps that dry out after a few days. Have spent some time in the main $TRUMP group chats, talking with dev/team members and listening to spaces and all I will say is that the vibes are good.
There's risks with all shitcoins, but it should also be pointed out that the main risk here is that Trump himself dumps all his $TRUMP (currently valued at ~$1m) and disavows the coin. That could either kill it immediately or it could go the path of $DOGE/$SHIB, the former of which had its founder dump all tokens/disavow and the latter of which Vitalik sold down. Both, however, found staying power in spite of those events.
Overall, this is the first memecoin I've seen that I believe can rival Doge/Shib.
Project roadmap
Every roadmap deadline has been hit to the exact day so far. No delays, really incredible execution.
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Affiliate Disclosures
- The author and/or others the author advises do not currently hold, or plan to initiate, an investment position in target.
- The author does not hold an affiliated position with the target such as employment, directorship, or consultancy.
- The author is not being compensated in any form by the target in relation to this research.
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