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Trader turned $96 into $3M with TRUMP, highlighting potential in PolitiFi tokens as the election nears
From less than the price of a pair of Nike sneakers, one trader has generated $3 in profits from the PolitiFi token TRUMP.
But with the US election just one week away, there’s another huge opportunity to invest in the narrative right now. What are the best tokens to buy?
Trader profits $3M in under 12 months from TRUMP
PolitiFi tokens are on fire this week.
The US presidential election is almost here, but some forward-looking traders positioned themselves almost one year ago.
Blockchain analytics account LookOnChain highlighted how one trader profited over $3 million from this strategy.
After investing a modest $96 into TRUMP in December 2023, the trader is now sitting on over $3 million in profits, working out at a jaw-dropping 32,000x.
LookOnChain noted that the trader had begun taking profits by selling 6,000 TRUMP worth around $30K.
However, the wallet has continued to sell small batches of TRUMP tokens since, laddering out, which is likely to avoid causing price impact.
What can you do with $96?
This guy made over $3M with only $96, a 32,000x return!
He spent only 0.052 $ETH($96) to buy 608,650 $TRUMP on Aug 12, 2023, and started selling $TRUMP for a profit 6 hours ago.
So far, he has sold 6K $TRUMP for 11.4 $ETH($30K), leaving 594,564… pic.twitter.com/OacHY6a4RW
Every couple of hours, the trader is making withdrawals of tens of thousands of dollars.
It’s like an ATM handing out free cash, and it all started with just $96.
This is all thanks to the captivating presidential election taking place in the US, which will wrap up on 5 November.
But with just one week to go, expectations are high about another major price rally in the coming days and weeks.
Let’s look at three PolitFi tokens that could explode:
FreeDum Fighters
Political satire has long been a popular form of entertainment, and now it’s emerging in the crypto market.
However, FreeDum Fighters is creating a new model of political satire, merging it with tangible utility that gives a glimpse into the future of PolitiFi.
Unlike other PolitiFi tokens, FreeDum Fighters focuses on innovation. It offers numerous promising features, one of which is its predictive staking pools.
Users can stake DUM tokens in the “MAGATRON” or “Kamacop 9000” pools, and based on which candidate is performing best, stakers in the respective pool will earn rewards.
Moreover, FreeDum Fighters offers features like weekly debates, inviting users to craft compelling political arguments in exchange for rewards.
Earlier, PolitFi tokens were mainly for entertainment. But FreeDum Fighters more closely aligns PolitiFi with real-world politics, but still ensures there’s still something to giggle at.
The project is undergoing an ICO and has raised over $300K so far. The current FreeDum Fighters presale price is $0.00006, but this will rise in three days.
Doland Tremp
On political satire, Doland Tremp is a “left-curve” representation of Donald Trump.
The project is the largest PolitiFi token on Solana, a blockchain known for left-curve meme coins and highly speculative trading activity.
Launching on Solana also makes Doland Tremp easily accessible. Solana is the most active blockchain with 5.8 million active users in the past 24 hours.
TREMP has experienced a notable uptick on all time frames this month.
It is currently trading at $0.4202, up 30% today, 28% this week, and 175% this month.
However, it currently has a market cap of $40 million, which is much lower than that of many other Solana-based meme coins.
Given the proximity to the US election, there’s every chance that a repricing happens this week, with liquidity rotating from less relevant Solana meme coins into TREMP.
Trump 47
Trump 47 is a new PoltiFi meme coin that pays homage to Trump becoming the 47th US president.
It’s another Solana-based token, and it’s currently seeing massive trading volume relative to its market cap. This suggests that traders are interested, and its price will continue to rally in the days ahead.
Trump 47 launched on the meme coin generation app Pump.fun but is now available on Raydium and other Solana DEXs.
The project has even started to go viral on X, with many of its posts receiving hundreds of likes and retweets.
It also has a heavy political flavor, moving away from the satirical approach of FreeDum Fighters and Doland Tremp.
Both the satirical and non-satirical tokens serve a different purpose in the PolitiFi landscape, and there’s certainly room for both.
But right now, Trump 47 is exhibiting serious strength, pumping 243% in the past 24 hours. It currently holds an $11 million market cap.
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