In this post:
- PolitiFi tokens have transformed from ‘just fun’ copies of memecoins like Shiba Inu into tools of political influence.
- The political arena can now be traded like stocks, and every shift in the market might signal a global change in how a country is governed.
- The launch of TRUMP, a token tied to Donald Trump, marked a turning point in the emerging intersection of crypto and politics as it became the face of PolitiFi.
Politically affiliated memecoins (PolitiFi) have significantly shifted from being ‘just fun’ copies of memecoins like Shiba Inu into tools of political influence. PolitiFi (Political Finance) tokens have helped shape narratives, enhance visibility, and boost political engagement among voters in the ‘cryptosphere’.
Stéphane Sévigny said that PolitiFi tokens exploded in market capitalization when the U.S. election campaigns were starting to ramp up at the beginning of 2024. The political arena can now be traded like stocks, and every market event might signal a global shift in how a country is governed. Coingecko’s data as of the time of publication showed that the PolitiFi market cap was at $2.8B with a 24-hour trading volume of over $2.26B.
The fusion of speculation and real governance is unfolding, and the consequences could be far more significant than we imagine. Traditional media is losing its power, social media is shaping public opinion, and prediction markets are becoming more accurate than conventional polls. Political tokens offer a unique opportunity to bet on power shifts, political decisions, and even personalities that could change the course of history.
TRUMP memecoin becomes the face of PolitiFi as GOHOME rises
The launch of the TRUMP PolitiFi memecoin shortly before his inauguration sent a clear signal that political capital could now be tokenized and traded. TRUMP became the face of PolitiFi. However, most traders care less about ideology and more about profits. The action is, therefore, shifting to the next wave of political tokens since TRUMP’s growth may be over, even with a market cap of over $16 billion.
The GOHOME token was launched a day after Trump’s inauguration and it is already capturing the next chapter of this PolitiFi movement. Its story began when the White House website accidentally displayed a ‘GO HOME’ button instead of the usual ‘Go to Home Page’. The mistake was quickly fixed, but a new memecoin was created within hours. GOHOME is unlike other political tokens because it is not a ‘quick cash grab’. The GOHOME team is using the tokens as collateral for loans and then reinvesting proceeds into buybacks instead of selling them to fund operations.
“These tokens initially were kind of a joke, but they were increasingly taken on as badges of honour to showcase political convictions.”
–Stéphane Sévigny, a PhD candidate studying digital assets at the John Molson School of Business.
According to the GOHOME whitepaper, the token gave its supporters the right to say ‘GOHOME to illegal criminals, foreign invaders, militant groups, mafia cartels and so on—you name it’. Early believers in the GOHOME token hold the same conviction as those in cult-like tokens such as SPX6900, with some already speculating on a 50x return in the next five months.
PolitiFi represents tradable assets with different angles
PolitiFi tokens represent different angles like policy bets, political alliances, and ideological warfare as tradable assets. Whether this is just another memecoin craze or a fundamental shift in political engagement remains to be seen. However, members of the crypto community are either trading political momentum or watching others profit from it.
On March 4th, TRON founder Justin Sun recently purchased $75 million worth of TRUMP memecoin, according to crypto market expert Unusual Whales. Justin Sun’s civil fraud lawsuit against the US SEC was halted soon after this accumulation. Whale Alert also reported that an unknown trader offloaded TRUMP tokens worth over $61 million, adding speculation to Sun’s saga.
As of press time, Coingecko’s data showed that TRUMP’s price had dropped by 17% to $12.23 in the past 24 hours. The PolitiFi token also bottomed and peaked at $11.83 and $15.67 in the past 24 hours.
Coingecko’s data also showed that the GOHOME token has a total supply of 9,999,895.37, a circulating supply of 499,895.37, and a locked liquidity of over $700K. GOHOME was trading at $104.68 with an FDV of $1.03 billion and a market cap of $1.03 billion. The token has nearly 3K holders and a trading volume of $716.2K only a month after its launch. The GOHOME whitepaper revealed that nine million tokens are locked (vested) for four years while 500K tokens are locked (vested) for 3-24 months.
One thing is certain – PolitiFi is here, and it is growing fast.
