According to multiple mainstream media outlets in the United States, former President Donald Trump won the Republican primary in Michigan on the 27th. This former president has been continuously making headlines and social media discussions as he continues to win in the 2024 US presidential primary elections.

As early as February 6th, Andrew Kang, co-founder and partner of Mechanism Capital, a cryptocurrency venture capital firm, publicly announced the establishment of a position in Trump-themed cryptocurrency assets. He pointed out that "the value of meme coins lies in their ability to attract public attention, and Trump is undoubtedly one of the most attention-grabbing figures in the world."

If you start investing in these Trump-related Meme coins and NFTs from February 6th, what kind of investment returns can you expect?

Meme Coin: TRUMP

TRUMP (MAGA) was launched on August 11, 2023. MAGA stands for "Make America Great Again," which is a famous political slogan of Trump. A cryptocurrency wallet, believed to be directly owned or operated by Trump, currently holds 580,000 TRUMP tokens worth over $3.6 million. Currently, the market value of the token has reached $290 million, making it the ninth largest meme coin.

On February 6th, TRUMP was priced at $2.2. Based on the latest price of $6.25, the TRUMP position established on that day has currently gained a 184% return on investment.

NFT：Donald Trump Digital Trading Card

On December 16, 2022, Trump announced for the first time on social media the launch of his personal NFT collection, "Donald Trump Digital Trading Card", with a total of 45,000 pieces and a single price of $99. Within two days of its release, the floor price of Donald Trump Digital Trading Card once exceeded 0.6 ETH. According to the exchange rate of ETH to USD at that time, its floor price reached as high as $700.

On February 6th, the floor price of Donald Trump Digital Trading Card was 0.225 ETH. Based on the latest floor price of 0.2299 ETH, the current coin-based investment return rate for holding Donald Trump Digital Trading Card on that day is 2.17%.

Polymarket "2024 Presidential Election Winner" Prediction

除了购买 meme 币和 NFT，参与 Polymarket 上的「2024 年总统选举获胜者」预测也可以享受到特朗普初选连胜带来的收益。每个获胜者结果的起始交易价格为 0.5 美元，价格会根据用户在输赢双方下注的金额而变化。价格（赔率）代表当前事件发生的概率，当前特朗普会当选总统（即「Bet Yes」）的价格为 0.53 美元，意味着特郎普被认为有 53% 的概率会当选总统。如果价格上涨至 0.7 美元，意味着特朗普有 70% 的概率当选。

Translation:

In addition to buying meme coins and NFTs, participating in the "2024 Presidential Election Winner" prediction on Polymarket can also enjoy the benefits brought by Trump's primary victories. The initial trading price for each winning result is $0.5, and the price will vary based on the amount users bet on both sides of the win or loss. The price (odds) represents the probability of the current event happening. The current price for Trump to be elected president (i.e. "Bet Yes") is $0.53, which means Trump is considered to have a 53% chance of being elected president. If the price rises to $0.7, it means that Trump has a 70% chance of being elected.

Trump has repeatedly shared his odds on Polymarket on his newly founded media platform, Truth Social. As of writing, the total bets on the market have reached $63.31 million.

Summary

The primary election is the first stage of the US presidential election and will continue until June. After the primary election, the Democratic and Republican parties will hold their respective national conventions to officially nominate their presidential and vice presidential candidates. The US election day this year is November 5th. As the US election campaign continues, Trump will continue to monopolize people's attention, and the cryptocurrency assets related to Trump will also have long-term speculative space.

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