The former BitMEX CEO, Arthur Hayes, is making a bold prediction for the TRUMP meme coin: it will outperform Bitcoin if market sentiment continues improving and politicians start leveraging meme cryptos.
The TRUMP token was launched to coincide with US President Donald Trump’s inauguration and, in just a short time, became the fourth-largest meme coin by market capitalization. However, after hitting a peak of $75, the TRUMP meme coin dropped to below $20.
Now, the asset is getting a second look, with Hayes offering a prediction on its next movement. Immediately after Hayes’ post, the TRUMP meme coin showed signs of recovery. It’s currently trading between $19.03, up 17% in the last 24 hours, data from CoinMarketCap shows.
In a blog post, Hayes speculated that meme coins will become a powerful political tool since they can be used for advertising and campaigning. He then predicted that the 2026 midterm election would be a pivotal moment for the crypto industry, as more politicians would join the trend and launch their own meme coin projects.
According to Hayes, political meme coins are unique crypto projects since they blend politics and entertainment. He speculated that if market sentiment improves further, political meme coins, particularly TRUMP, will outperform Bitcoin.
Hayes used the the latest price action for the two digital assets, with TRUMP down 80% from its high, and Bitcoin struggling to reclaim $110k. If the market situation improves, Hayes thinks that the TRUMP coin will surge first, and Bitcoin will follow.
Hayes also expects that more politicians will join the trend and suggests that Chinese leader Xi Jinping is next. He added that Xi will realize that he needs to show people that he’s popular, and one way to do this is to launch a meme coin.
However, Hayes offered a warning that similar projects in the future may not be as successful compared to the TRUMP meme coin.
Challenges Up Ahead For Similar Crypto Projects
In an interview with Scott Melker, Hayes said that there’s an exciting change in the crypto industry favoring highly liquid meme coins. However, Hayes explained that only Trump can pull this off and that future political meme coin projects may struggle due to strict community standards.
Hayes speculated that some investors may ask for fair launches with equitable allocations.
Melker also offered his insights on the unique standing of the TRUMP meme coin. He referenced a recent chat with Hasem Qureshi of Dragonfly, who suggested that the asset’s tokenomics is comparable more to a security than a meme coin.
He added that people are buying the token because of Trump, and its price is not freely floating and subject to price discovery.
Featured image from Gemini Imagen, chart from TradingView
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