Trump Meme Coins Surge as Inauguration Nears

user avatar

by Giorgi Kostiuk

2 years ago

Meme coins related to Donald Trump have shown significant growth over the past day and week as his inauguration approaches in January.

Significant Growth of Trump Tokens

Donald Trump won the US presidential elections last November, securing key states and surpassing Kamala Harris in the popular vote. His inauguration is set for January 20, causing price fluctuations in certain cryptocurrencies, particularly meme coins related to him. The largest, MAGA (TRUMP), rose by 20%, trading at $3.15. TRUMPCOIN saw the most impressive growth, up 215% in 24 hours and 560% over the week.

How Competitors are Performing

Trump-themed tokens have outpaced traditional meme coins. DOGE increased by 2%, reaching $0.39. The industry anticipates a potential rally due to Elon Musk's political involvement, who will lead a new department. SHIB rose by 3%, while PEPE experienced little- to-no volatility. Some tokens like BONK and WIF have retreated over the past 24 hours.

Long-term Outlook for Meme Coins

Trump tokens were pumping before the elections but faced corrections shortly after the results were announced. Whether a similar 'sell the news' effect occurs post-inauguration on January 20 remains to be seen.

Trump-related meme coins exhibit significant growth, though the long-term outlook remains uncertain due to potential corrections following the inauguration.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

BingX EU Achieves MiCA License to Expand Crypto Services in Europe

BingX EU MEGE zweite GmbH has obtained a MiCA license from Austria's FMA, allowing it to offer regulated crypto services across 29 EEA countries.

user avatarMohamed Farouk

Zcash Faces 11% Decline Amid Growing Market Concerns

Zcash has experienced an 11% decline in the past 24 hours, raising concerns about market stability and the impact of AI on cryptography.

user avatarElias Mukuru

HTX Strengthens Global Compliance and Showcases at TOKEN2049

HTX has made significant strides in global compliance initiatives while participating in TOKEN2049, a major event in the crypto industry held in Singapore.

user avatarDiego Alvarez

SEC Files Charges Against Richard Heart for Fraud

The SEC charged Richard Heart and his entities with conducting unregistered offerings of crypto asset securities.

user avatarMaria Fernandez

HTX Marks 13th Anniversary with Major Celebrations and Trading Events

HTX celebrated its 13th anniversary with major events, including the Anniversary Carnival and Trading Championship 3, highlighting its resilience in the crypto market.

user avatarKenji Takahashi

Richard Heart Arrested in Istanbul on Interpol Charges

Richard Heart, founder of Hex cryptocurrency, was detained in Istanbul under an Interpol Red Notice for aggravated tax fraud.

user avatarGustavo Mendoza

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.