After the bloodbath that followed President Joe Biden and Donald Trump’s debate this week, several political meme coins, or PolitiFi, are eyeing recovery.
While most meme coins have seen significant losses in the past month, investors are largely bullish about the crypto sector. That outlook has attracted a growing community around the new Solana project Solciety (SLCTY).
SLCTY has a total supply of 10 billion tokens, with 3 billion available during the presale
Political meme coins target new momentum
Trump and Biden related tokens dumped hard as the two US presidential election contenders faced off in the first televised debate.
With crypto not featuring anywhere, and Biden’s performance, meme coins Jeo Boden (BODEN), MAGA (TRUMP), MAGA Hat (MAGA) and Tremp (TREMP) led in losses amid bloodbath across the sector.
However, TRUMP, which plummeted more than 50%, is looking to hold above $6.00 while BODEN price is above $0.05. Trump’s campaign getting fresh momentum could spark related tokens and a win could see them go parabolic. BODEN may also face a similar trajectory.
Solciety (SLCTY) surpasses $500k in presale
Solana is the home of meme coins in 2024, and the political scene – in the US and across the globe – has just exploded into another gear.
Despite Biden’s “disaster” and Trump’s underwhelming performance, market observers say there’s more that could provide viral or top political satire moments.
Solciety, the new token that went live in presale less than two weeks ago, brings the new “political party for degens” on Solana to the ecosystem. SLCTY, the native token that will power this meme platform, will be available over 15 stages.
In stage 4 today, the project’s ICO sale is racing towards its first major milestone – a successful token sale.
Solciety raised over $300k in under 48 hours and early interest has seen the total amount raised surpass $550k. SLCTY price has also increased, from $0.0015 to $0.002222. The next stage will see the price jump to $0.002289.
Solciety, try the Meme Campaigner tool
While a new entrant, Solciety has potential to change meme coin space due to its community. Political satire, viral memes and a chance for the community to showcase their prowess could bring this into reality via the Meme Campaigner tool.
With this feature, users can create viral memes that tap into over 200 characters and traits, including Donald Pump, Badimir Putain and Elongated Musk.
AR functionality will also see community meme enter the real world, going viral. Creative Meme Campaigner users will earn points for shared meme coins, and top ten members with most points will earn rewards.
Is Solciety the PolitiFi token to buy?
The political meme coins market cap is just over $1 billion today, according to data from CoinGecko.
But with politics and meme coins proving a potent combination in 2024, the months ahead could see the ecosystem ride unprecedented volatility.
In recent comments on X, Tron founder Justin Sun noted that while “meme coins may seem unconventional … they highlight the power of community in crypto.” New projects such as Solciety are taking the market by storm precisely for this reason.
To learn more about this project, visit the official website or join the presale.
