make America great again it seems like the stars are aligning Trump is getting further and further ahead of Camila Harris and with that a lot of M A GA tokens are also appreciating there are several political tokens we're going to focus on one of them in this video so this is the current state Trump has a 53% chance of winning Camila Harris only 46% and this is a change that has just developed in the last few days this by the way is poly Market this is a decentralized betting platform based on ethereum once you sign
up you can bet on this yourself so this is not just pulse this is real money flowing into the system and it tends to be more accurate than potentially biased political polling studies now in this video we're going to look at one of the MH tokens we are focusing on the one based on ethereum that is just a fraction of a scent worth that's got $84 million of fully diluted market cap and that's up more than 100% in the last week we are not going to discuss the website because the website doesn't give us any
Edge we want to figure out who's actually driving the price we're going to look at onchain analytics first of all the token we're going to discuss has 26,500 followers on Twitter on the xplatform it's got 11,000 subscribers on Telegram and it's got 21,000 holders on the ethereum blockchain directly now coin gecko doesn't just call this the mega token it calls it the mega head token to make a distinction because besides the mega head head token there's also the mega Trump token which is also on ethereum but which is besides ethereum also hosted on the binance
smart chain on Solana and on base and that one has a much larger market cap of 245 million so here's an overview of different politically motivated tokens Mega head is roughly 1/4 the size of Mega Trump by the way there will also be a video on the mega Trump token I'll publish this just a few hours after this one if you don't want to miss that feel free of course to subscribe now Mega head is not just on ethereum it can also be bought on centralized exchanges like gate.io Mexi xt. comom which by the way
is affiliated with binance and there are even levered bets so derivative products Perpetual Futures on the token as well with some trading volume on Maxi the token is the 12th largest within the ethereum blockchain in terms of liquidity when we look at the trending tokens and the holder development is actually quite interesting what you've got over here is the number of wallets based on different C ports so at the left side we've got the number of wallets that have at least 5 million Mega head tokens which is at the current price pretty much $11,000 worth
of the token for the chart in the middle we go a 10x from the left chart so that's now minimum $10,000 worth of the token for the right chart we go another 10x so that's now a minimum of $100,000 worth of the token now what do we see here we see that retail bought quite a bit and accumulated up until the end of May of this year we then saw pretty much much net holding no big change when we look at the mediumsized wallet so the ones with 10K worth of the token we can also
see early accumulation but we can see way more profit taking along the way so roughly 1/3 of the holders left the token in the span of 2 to 3 months the Wales all got their tokens on the very first day so we don't even see accumulation across several days they bought in very very early the number of such wallets got cut in half dur the bare market and it's now recovering not as quickly as medium-sized retail but still all wallet cohorts at least since the beginning of October are buying now let's Zoom a little bit
in and let's have a look at what happened just in the last month so initially things weren't that great but then something changed roughly around the 3rd of October the 3rd or fourth of October which by the way also coincides when Trump gained quite a bit of ground against CA Harris have a look at the holder distribution those are the same kind of cut offs but this time we only look at the last month and we've got hourly data here see how this turned around pretty much at the beginning of October a lot of buying
by retail and by the medium-sized wallets and also by the Wales but especially the center they seem to be driving this most they have sold the least in September and they are now at new all-time highs now I find it important especially for meme coins that there is a growing investor base that more and more new people jump onto a token and so I like to look at the new traders that enter a particular token so that's the beauty of the blockchain we can see what are the existing Traders versus the new Traders and again
we can split this up have a look at this on the left side we've got the number of new users per day and this shot up on the 4th of October and the fourth of October was over here right the vertical line is already the 5ifth of October so after all of those new investors jump in we have seen a rally of Almost 100% we can also see in relative terms right when we just look at returning users relative to new users how this peaked again on the 4th of October by the way all of
those charts come from a tool that's available to the premium members so I've developed this tool it's available at the bitcoin.com link is down below if you want to analyze your favorite altcoin feel free to check it out there's a lot of value to be discovered and I believe onchain metrics really do make a difference seeing such a spike in new users is definitely very very positive now there is a bit of a caveat though right and that's simply how much risk there is in meme coins in general because historically the mega hatch token has
crashed quite a bit by more than 93% and again that is because the whale sold and sold did medium-sized retail the small retail people rarely sell they are the ones that get crushed during bare markets like this it's the big smart money that exits at the top and again that's why I like to look at this kind of split up right I want to see what are the whales doing are they dumping or are they buying and currently this looks pretty healthy and so there's two ways to look at this right on the one hand
there's a potential danger but on the other hand we have seen and there's no token inflation here we have seen prices that were more than 200% higher than the current price and again relatively speaking Mega hat is rather small there is potential upside a 200% increase or a 3X would still keep it below Mega Trump and very likely there is a strong correlation between the two right so if Mega head goes up then Mega Trump is probably going up as well I am going to publish updates on both Mega tokens regularly on this channel I
will publish the mega Trump token video very soon as well feel free to subscribe feel free to also give this video a like it helps the channel grow in case you've got telegram feel free to join us so if you can't yet justify premium there is this free telegram Channel as well the link is down below looking very much forward to chatting with you over there as well cheers
