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

Analysts Identify Bullish Checkmate Setup for Bitcoin

Crypto trader Cheds Trading has highlighted a potential bullish checkmate setup on Bitcoin's 4-hour chart, suggesting that reduced selling momentum could lead to a significant price increase if buyers step in.

user avatarKaterina Papadopoulou

Payward Acquires AAVE Tokens to Explore Decentralized Credit

Payward, the infrastructure company behind Kraken, announced the acquisition of AAVE tokens through an affiliated fund.

user avatarMaya Lundqvist

Solana Labs Launches Leap Mobile Trading App for iOS

Solana Labs has launched an early-access beta version of its mobile trading app, Leap, for iOS users.

user avatarLeo van der Veen

Aave Labs Expands Fixed-Rate Lending Capabilities with Avon Acquisition

Aave Labs announced its acquisition of Avon to enhance fixed-rate lending capabilities.

user avatarLi Weicheng

Investigation into Binance Theft Reveals Complexities in Cryptocurrency Tracing

Elliptic's investigation into the October Binance theft reveals complexities in tracing stolen cryptocurrency assets, highlighting challenges in identifying recipients and the need for compliance.

user avatarTenzin Dorje

Elliptic Reports $124 Million in Stolen Assets Converted to Bitcoin

Elliptic reports that approximately $124 million of stolen assets from the October Binance breach have been converted into Bitcoin.

user avatarAisha Farooq

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.