- Trump-themed tokens surged amid the election’s hype
- Newly released tokens supporting the former President emerged as the market’s top gainers
It’s Election Day, and the PolitiFi market is abuzz with activity as Trump-themed tokens recorded a significant surge. These politically inspired tokens saw an impressive 10% rally, with Trump-centric memecoins capturing most of the attention.
Trump-themed tokens take the lead
AMBCrypto took a closer look to reveal that in the Trump-themed segment, MAGA (TRUMP) jumped by around 25% and hit a market cap of $167 million. MAGA (MAGA) saw an even stronger hike with gains of approx. 35%, while Doland Tremp (TREMP) climbed by around 18%.
Worth noting, however, that the surge proved short-lived as many traders quickly cashed out. This led to a swift downturn shortly after the rally.
According to CoinMarketCap the overall market cap of PolitiFi tokens dropped by 0.78% in the last 24 hours. While the TRUMP token managed a modest 0.66% gain, most other top tokens posted double-digit losses following the sell-off.
Source: CoinMarketCap
On the contrary, newly-launched Trump-themed tokens like President Trump MAGA (TRUMPMAGA), which debuted on 1 November, attracted significant attention. It soared by 989% over the last 24 hours alone.
Additionally, Trump47 (TRUMP47), Old Trump (TRUMP), and Pepe Trump (PTRUMP), also enjoyed triple-digit gains at press time. Hikes like these secured their spot among the market’s top daily gainers.
