When we look at politically themed memecoins, names like BODEN and TRUMP sound familiar. These tokens, built on caricatures of Washington figures, have reached market caps of hundreds of thousands or even millions of dollars, riding the wave of meme culture and speculation. But this trend is reflected in Make America Great Again, Again!, which aims to create a new paradigm called “politifi”. (MAGAA) is following a different path with its project.

While the Solana blockchain has positioned itself as the “meme hub” of this cycle, MAGAA has chosen a different strategy, launching on the Ethereum blockchain in June. According to a spokesperson for the project, Ethereum is thought to offer more suitable infrastructure to enter the mainstream and reach more users. However, it cannot be said that Solana was completely ignored.

MAGAA, which achieved a value of $4 million in a short time after its launch, captured the momentum with one of the largest “X Space” events in history in June. More than 275,000 people tuned in to this event, which included former US President Donald Trump. Internet celebrities such as Andrew Tate, Dan Bilzerian, Mario Nawfal and WallStreetBets also appeared on stage and contributed to the promotion of the project. This media attention increased MAGAA’s valuation to over $80 million, but as of now it is depreciating.

According to the spokesperson of the project, it is planned to donate 100% of the tax revenues obtained in the memecoin-politic model to Trump’s campaign. And while there is consideration of supporting cryptocurrency-friendly super PACs like FairShakes, the project does not consider itself a lobbying effort. The main purpose is emphasized by the statement: “$MAGAA is a token that has no function and cannot be used for anything. Its sole purpose is to create a community of like-minded individuals.”

However, there are also question marks in the shadow of this enthusiasm. As the US presidential elections approach in late 2023, the future of politically themed virtual currencies remains uncertain. The MAGAA project has an optimistic perspective on this issue. He believes that after the elections, memecoins and politifi tokens will have greater social impacts than most expect.

At this point, the distinction between “memecoin” and “politifi” emphasized by the MAGAA spokesperson is critical. As politically themed memecoins proliferate day by day, the term “politici” is gaining popularity. The spokesperson makes this distinction clear by saying, “More serious, politically motivated tokens represent a set of beliefs and ideals and attract investors who share those beliefs and ideals, while memecoins represent nothing.”

As a result, memecoins, which appear as the fun face of the cryptocurrency market, may be entering a new turn with the “politifi” trend. While the future of this new model remains uncertain, it undoubtedly has the potential to reshape the dynamics of the cryptocurrency market and social interactions. With the elections approaching, we will all see how the “politics” movement will follow in the coming months.