Crypto traders are increasingly using PolitiFi tokens to speculate on the US presidential campaign, with tokens linked to former president Donald Trump seeing significant price fluctuations. According to a recent Kaiko report, the MAGA token surged 51% in two hours following Trump’s shooting on Saturday, mirroring an increase in shares of Trump’s Media & Technology Group (DJT).

Notably, weekly trading volume for MAGA has risen from $10-15 million in February to a peak of $120 million in June, indicating growing market interest. However, these tokens have shown little predictive value so far.

The first notorious figure to advocate for PolitiFi tokens was Andrew Kang, founder of the venture capital fund Mechanism Capital. Kang explained in an X post from February that meme coins rel

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Author: Gino Matos

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