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 Cache 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, caches will be stored in your inventory and can be opened with Keys.

Other news

Defillama Releases New Report on Industry Metrics

chest

A new report has been released by Defillama, focusing on key metrics in the industry. This report aims to provide insights into the current trends and developments.

user avatarRajesh Kumar

Farside Enforces a Rigid Editorial Policy.

chest

Farside has announced a strict editorial policy focusing on accuracy, relevance, and impartiality to enhance reporting quality and build audience trust.

user avatarLucas Weissmann

New SEC Report Published.

chest

A report has been released based on information provided by the SEC, aimed at informing the public and increasing transparency regarding its activities.

user avatarFilippo Romano

Gal Gadot Embraces AI in New Bitcoin Thriller

chest

Gal Gadot stars in the AI-produced Bitcoin thriller 'Bitcoin Killing Satoshi', acknowledging the need to adapt to new technologies in film.

user avatarEmily Carter

Sorare Faces Legal Challenges Over Gambling Allegations

chest

Sorare is facing legal challenges from the Gambling Commission regarding its operations and the classification of its fantasy soccer game.

user avatarKaterina Papadopoulou

NCA Freezes £136 Million Linked to Premier League's Sponsorship Deal

chest

The UK's National Crime Agency has frozen over £136 million in a bank account belonging to the Premier League amid an investigation into a crypto sponsorship deal.

user avatarTomas Novak

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.