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Trump-Inspired Meme Coin Soars 100x in a Year; Crown Prince Mohammed bin Salman Meme Coin Emerges

In the burgeoning world of meme coins, the Trump-themed 'MAGA' coin has made headlines with a remarkable increase over the past year, surging from $0.07 to $7. It even reached $230 earlier this month, marking a 200-times return. Similarly, President Biden's meme coin, ‘Jeo BODEN,’ experienced a significant rise, climbing over 24 times from $0.035 in March to $1.25 within a month.
 
[Image Resource by Meme Coin]

[Image Resource by Meme Coin]

With the meme coin market heating up, notable examples of astronomical returns continue to emerge. According to Etherscan's transaction history (smart contracts), the Pepe-themed meme coin Pepe has recorded a staggering 120,000 times return, while Shiba Inu (SHIB), the second-largest meme coin by market cap, has posted up to 419 times gains.
 
Experts attribute this phenomenon to the strong community bonds unique to meme coins, extensive exposure on various social media platforms, and the symbolism and solidarity with supported celebrities. Galaxy Digital CEO Michael Novogratz recently referred to meme coins as the cornerstone of the cryptocurrency industry, highlighting their positive impact.
 
According to a search on CoinMarketCap, the Mohameme Bit Salman (SALMAN) coin, inspired by 'Mr. Everything' Mohammed bin Salman, began at an initial IEO price of $0.00000005 and has surged to $0.0000031 on Dextools as of June 20, marking a 62,000% increase. Additionally, it plans to be listed on major global cryptocurrency exchanges such as XT, P2B, Bitmart, Indoex, and LBank by the end of this week, ensuring easier purchase access and increased liquidity.
 


Fox Business recently reported that former U.S. President Donald Trump is directly associated with the Solana-based meme coin 'DJT,' which surged by 180% following the news. Additionally, Cointelegraph reported that Trump recently met with Bitcoin mining industry stakeholders at his Mar-a-Lago estate in Florida. This meme coin craze is expected to significantly influence the upcoming U.S. presidential election and international society. 

박원중 기자 (park.wonjun.ja@gmail.com)

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