Bitcoin and Ether may still rule the ring, but in Donald Trump’s second term, even the underdogs are getting a glow-up.
The man who once trashed crypto as a “disaster waiting to happen” now vows to make the US the “crypto capital of the planet.”
A moonshot past $100K for Bitcoin has been turbocharged by MAGA-fueled market vibes. But it’s not just the big players soaking up the Trump magic. Coins with even the faintest ties to 47’s orbit are catching the spotlight.
Here’s how some of them are stacking up:
XRP and Ripple’s redemption arc
Ripple, the firm behind XRP, has been locked in a slugfest with the SEC since 2020. But Trump’s promise of a friendlier regulatory hand could tilt the odds. Trump, Ripple CEO Brad Garlinghouse and legal chief Stuart Alderoty meeting for dinner on 8 January had XRP fans buzzing. A week later, the token hit a seven-year high of more than $3, according to CoinGecko.
Solana, Trump’s blockchain of choice
Trump’s love affair with Solana started in 2022, when he launched his first NFT collection on the Solana blockchain. Despite early backlash, even from his backers, the 45,000 trading cards sold out in a day. Every NFT drop since — including one by Melania Trump — has landed on Solana.
Solana got another boost when the Trump 2024 campaign began accepting crypto donations, and David Sacks, a known Solana bull, became Trump’s crypto and AI czar.
DYdX & ZRX, the Sacks appeal
Sacks’ elevation as crypto czar sparked a 30% jump in exchange tokens dYdX and ZRX, according to CoinGecko. Sacks, an early investor in dYdX and an advisor to 0x Protocol (which is behind ZRX), has deep ties to both projects.
Dogecoin, the ‘First Buddy’s’ memecoin
Elon Musk, Trump’s so-called First Buddy, now co-leads the Department of Government Efficiency (dubbed DOGE, naturally). Musk’s love for Dogecoin and his proximity to Trump could whip up some memecoin mania — if nothing else, the branding writes itself.
The Trumps’ crypto crate
When it comes to Trump connections, nothing beats the family ties — and the tokens that come with them.
- Sui: Eric Trump claims to hold only four cryptos: Bitcoin, Ether, Solana and Sui. This exclusive company sent Sui fans into a frenzy when the news broke.
- WLFi: Meanwhile, the Trump family’s crypto project, World Liberty Financial, has been busy building partnerships and making investments. Though its native WLFI token got off to a slow start, the family isn’t backing down.
- LINK, AAVE & ENA: Built on Aave’s DeFi platform, WLFi also brought Chainlink into the fold for pricing data and cross-chain compatibility. The project spent big on AAVE and LINK tokens, and since Trump’s election win, both coins have tripled in price. In another power play, WLFi partnered with Ethena Labs to integrate their synthetic dollar project as collateral within the WLFi protocol. Ethena’s token, ENA, is up 160% since Trump’s victory.
- Tron: WLFi’s sluggish start reversed fast when Tron founder Justin Sun dropped $30 million into the token and joined as an advisor. The market took notice.
Trump’s crypto connections are a study in market hype. Whether these tokens pump or dump, their moves show the raw power of narratives.
Investors should tread carefully — because in crypto, MAGA could also just as easily mean “Make Assets Go Astray.”
Edited by Ankush Chibber. If you have any tips, ideas or feedback, please get in touch: talk-to-us@moniify.com
