In this news:
Trump-themed meme coins are gaining momentum, with MAGA Memecoin TRUMP/USD and Strategic Bitcoin Reserve Coin SBR/USD surging ahead of the presidential inauguration on Monday.
Cryptocurrency
24-Hour Trend
7-Day Trend
Maga TRUMP/USD
$159.7 million
SBR SBR/USD
$49.4 million
MAGA Hat MAGA/USD
$45.9 million
Department Of Government Efficiency DOGE/USD
$219.4 million
Trader Notes: Crypto enthusiast CryptoThommy called SBR "the meme for this cycle," describing it as "the biggest catalyst in BTC history."
MoneymanCalls, another crypto influencer, also expressed optimism about SBR, highlighting the growing global narrative around the “Strategic Bitcoin Reserve.”
The involvement of prominent figures like Elon Musk, government backing, and retail interest is expected to create significant momentum, encouraging further adoption.
MAGA Memecoin emphasized on its official page that “$TRUMP is the crypto President” as social media traders set price targets for the Trump-themed coin.
$TRUMP to $10 IMO
soon. /rVmVpNOEiv
— STEPHEN 🌾 (@0xmagiclines) January 16, 2025
Statistics: The probability of Trump creating a “National Bitcoin Reserve” in 2025 has risen to 64%, according to data from prediction market Kalshi.
Coingecko data shows the total valuation of politically themed meme coins at $983 million, with the top three trending memes being TRUMP, SBR and D.O.G.E.
As the launch of the “Department of Government Efficiency” is nearing, the eponymous meme coin has gained 70% over the past month.
Community News: President-elect Donald Trump reportedly plans to issue an executive order declaring cryptocurrency a national priority.
Reports suggest the policy may include incorporating industry experts into his administration.
While details remain fluid, the announcement could further boost crypto-related sentiment.
Read Next:
MAGA Meme Coin Surges 20%, Boosting Donald Trump’s Crypto Portfolio $11.9M
Image: Shutterstock
$DOGEDogecoin
$0.41099.15%
