The post As Trump NFT Sales Clear $2M, Bulls Embrace Solciety appeared first on Coinpedia Fintech News
After releasing the fourth instalment of his NFT collection on August 27th, Donald Trump’s Web3 efforts have brought in over $2.17 million. As with previous instalments, this collection depicts the former president in a range of outfits and poses.
This political bullishness rides alongside the hordes of investors aping into new PolitiFi token Solciety. Its presale has already reeled in over $1.1 million, drawing investors in with its sharp political satire and broad appeal as it pokes fun at every corner of the political realm.
Trump NFTs primed to go from strength to strength
The +$2 million raised was no small feat; the most popular NFT collection on the open market, CryptoPunks, can barely claim half that number, according to NFT Price Floor.
This success, a fraction of the collection’s potential, looks like a taste of things to come. Currently, only 6% of a total potential supply of 360k NFTs has been minted, with a full revenue of $35 million on the table should all Trump NFTs hit the market.
Despite recent gains from Democratic nominee Kamala Harris, Donald Trump has edged ahead on the prediction market, Polymarket, as the favorite to win the US presidential election in November.
With Trump’s loud and clear thumbs up for the crypto industry and the derision of unpopular SEC chair Gary Gensler, the prospect of a Trump victory is stoking the fires of bullishness among every investor looking to capitalize on election season.
2024 election buzz is supercharging Solciety’s presale
With the former president the preferred pick among the degen community, Trump meme coins have dominated 2024, making up the bulk of the PolitiFi meme coin sector. Despite recent dips, PolitFi tokens have outperformed meme coins, the sector that many investors perceive as the runaway success story of 2024.
Now, riding on the back of Trump/PolitiFi bullishness, Solciety has risen up as the PolitiFi token to rule all PolitiFi tokens by offering a narrative geared towards all degens worldwide.
Unlike the swathe of Trump-themed tokens, or their Democratic counterpart, Kamala Horris (KAMA) token, Solciety satirizes all major politicians and crypto figures.
Tokens like MAGA and Kamala Horris have already delivered insane returns: as much as +220,000% and +6000% respectively. However, MAGA and KAMA have swung wildly as their respective political figures’ public perception has shifted; MAGA has had spells of notable gains followed by equal losses soon after. Conversely, Solciety’s broad (and global) appeal is set up to shelter it from the same kind of volatility from which much of the PolitiFi sector can suffer.
Its Meme Campaigner tool supercharges this further. It offers degens the opportunity to create their own slices of political satire from a roster of popular political figures before letting Solciety’s community publish their creations on any corner of the degen Web they see fit. This essentially acts as Solciety’s very own, self-sustaining political PR machine and is likely a key driver of the +$1.1 million in Solciety’s presale.
Since it’s still August, the election circus is at half speed, ready to rise up in September and October. This means now is likely your last opportunity to invest in what’s ready to be one of the most significant projects of 2024 at a discounted price.
Solciety is currently in presale and is available on the official Solciety website.
