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Trump Meme Coins Dominate PolitiFi Market as 2024 Election Nears

Published 06/25/2024, 09:10 PM
Updated 06/25/2024, 09:45 PM
Trump Meme Coins Dominate PolitiFi Market as 2024 Election Nears

  • Trump’s meme coins, like MAGA, surged to $775M, dwarfing Biden’s Jeo Boden at $87M, highlighting market favoritism.

  • Expert analysis credits Trump’s enduring popularity for driving speculative interest in PolitiFi tokens.

  • Despite risks on smaller exchanges, Trump dominates 7 of the top 10 meme coins, amplifying pre-election crypto fervor.

Political meme coins have seen a surge in popularity, with former President Donald Trump significantly outpacing current President Joe Biden, according to a crypto news outlet..

As the November 2024 U.S. presidential election nears, these digital tokens have garnered attention for their speculative nature and thematic ties to political figures.

Trump-affiliated tokens, such as MAGA and MAGA Hat, have experienced substantial growth in trading volume and market value in recent weeks. The largest among them, trading under the ticker TRUMP, witnessed a remarkable rise from near-zero to a peak market value of $775 million by June 2024. In contrast, Biden-related tokens like Jeo Boden, launched earlier this year, peaked briefly at $648 million before settling at $87 million.

The disparity in token popularity highlights Trump’…

The post Trump Meme Coins Dominate PolitiFi Market as 2024 Election Nears appeared first on Coin Edition.

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