Mechanism Capital focuses on Trump-themed memecoins and NFTs believing they have long-term growth potential.
Cryptocurrency investment firm Mechanism Capital has announced its portfolio for the year, focusing on Trump-themed memes and NFTs.
The company is betting on former President Donald Trump’s ability to dominate social media attention, similar to what its founder Andrew Kang Is called “the attention economy”.
Trump steaks, Trump hotels, Trump wines
Why not Trump coins?
Ain’t no business like the meme business https://t.co/OPW6GVIFth
— Andrew Kang (@Rewkang) June 18, 2024
Kang emphasized Trump’s extensive experience in a variety of business ventures, from restaurants and hotels to wine and now the meme business. Along with Mr. Trump’s widespread presence on social networks, especially when the US election is approaching.
Trump is perhaps one of the most attention-grabbing people in the world
Mechanism Capital mainly focusing on Trump-themed meme coins that Kang believes have growth potential in the market. These memecoins could serve as a focal point for any Trump-related speculation.
Compare with other successful meme coins like Dogecoin and Shiba Inu, Kang noted that memecoin TRUMP is following a similar trajectory, overcoming initial challenges to achieve lasting popularity in the market.
Memecoin skyrocketed after rumors of Trump backing it
