Meme Coin Market Overview and the PolitiFi Phenomenon
The meme coin market experienced a significant resurgence in 2024, with its total market capitalization reaching an all-time high, becoming one of the main drivers of cryptocurrency market growth. This trend was partly fueled by the political meme coin (PolitiFi) sector. PolitiFi tokens are a class of crypto assets inspired by political figures, events, and opinions, combining satire with speculative nature. They are typically created by politically motivated groups or anonymous developers, aiming to capitalize on public sentiment and social media trends.
Public chains like Solana and Base became primary networks for meme coin issuance and trading volume growth in 2024 due to their low fees and convenient token issuance processes. Despite significant market volatility, the meme coin sector still showed active signs in September 2026, though overall market breadth still needs improvement.
Donald Trump Meme Coins: $TRUMP and Related Tokens
Among numerous PolitiFi tokens, meme coins related to former U.S. President Donald Trump have been particularly notable. One such token, named "$TRUMP," was launched on January 17, 2025. Although initially questioned by the market as a potential scam, Donald Trump himself later announced it on social media as the "only official Donald Trump meme coin" and took actions that potentially boosted its value, significantly increasing his personal net worth. The token's logo design was inspired by a digitized image of Donald Trump raising his fist after an attempted assassination in July 2024.
However, Donald Trump's direct involvement and his presidential duties drew widespread condemnation from ethics experts, who cited serious conflicts of interest. Reportedly, the Trump family has earned substantial income through cryptocurrency affiliations, including meme coin royalties. Although the token experienced a significant surge after its launch, many investors who entered after the initial pump incurred losses. For example, it reached an all-time high of approximately $75 in January 2025, but as of August 6, 2026, its price had fallen to about $1.45, with a market capitalization of approximately $361 million and 24-hour trading volume fluctuating between $40 million and $132 million. For related developments, please refer to Svmuu's ongoing reports.
In addition to the "$TRUMP" token, there are other Donald Trump-related meme coins, such as MAGA (TRUMP) and Doland Tremp (TREMP).
- MAGA (TRUMP): As of September 25, 2026, its market capitalization was approximately $1.41 million, with a 24-hour trading volume of only $1.54 thousand. The token's trading activity has nearly dried up, lacking effective transactions.
- Doland Tremp (TREMP): As of September 20, 2026, its market capitalization was approximately $427,280, with a 24-hour trading volume of approximately $2.45 thousand. This token no longer has an active trading market.
The value of these tokens is purely driven by market speculation and meme culture, making them highly unpredictable, with no official affiliation or authorization evidence from Donald Trump himself or his official entities.
The Unexpected Popularity of Test Token (TST)
Test Token (TST) is a meme coin with a unique origin. It was initially an educational initiative by the BNB Chain team, introduced through a tutorial video called "four.meme," aiming to demonstrate how to create and launch a meme token on the Four.meme platform. However, this token, originally just a teaching example, unexpectedly gained attention in the crypto community, sparking speculative trading and significant market interest.
After its existence was accidentally leaked in the tutorial video, TST quickly caught the attention of influencers and traders and was listed on prominent exchanges like Binance and BingX, further boosting market activity. The BNB Chain team and former Binance CEO Changpeng Zhao (CZ) have explicitly stated that TST is not an official project and has no inherent utility or endorsement from the Binance team. Its value is entirely driven by market speculation and the viral nature of meme assets.
As of September 25, 2026, TST's market capitalization is approximately $17.888292 million, with a price of $0.01909 and a 24-hour trading volume of approximately $17.102266 million. The token has experienced dramatic price fluctuations, for example, surging nearly 1100% within three days of its launch, reaching a high of $0.52. Analysts have also noted concerning patterns on-chain, such as concentrated supply and bot-dominated trading.
Risk Warning and Investment Considerations
The meme coin market is known for its high volatility and speculative nature. Whether it's PolitiFi tokens related to political figures or test tokens like TST that gain unexpected popularity, their value is primarily driven by community sentiment, social media trends, and market speculation, rather than intrinsic value or practical applications. Investors participating in the trading of such assets should fully understand their high-risk nature, exercise caution in their evaluations, and verify the latest prices and project information on market platforms like Svmuu to avoid blindly following trends.
Where to Trade $TRUMP and TST?
For actively traded meme coins like "$TRUMP" and TST, investors can trade on platforms that support them. According to CoinGecko data, as of today, "$TRUMP" and TST can be traded on platforms such as LBank, BloFin, Binance, BTCC, Catex, BitDelta, Paribu, OKX, OrangeX, Toobit, WhiteBIT, Websea, CoinW, bitcastle, and BtcTurk Kripto. Given the high volatility and speculative nature of meme coins, investors are advised to verify the latest project information and trading channels themselves before trading.
The platform information mentioned in the article changes with the listing and delisting dynamics of various exchanges; please refer to the official announcements of the exchanges.
