Donald Trump-Themed Meme Coins Surge Amid Election Buzz

With the excitement over Donald Trump winning the elections, the crypto market saw a spike in activity. As Bitcoin (BTC) reached an all-time high, Trump-themed political meme coins skyrocketed in value; some recording significant gains.

Data from CoinMarketCap revealed that political meme coins reached a market capitalization of over $640 million, a 17% jump in just 24 hours. Trading volumes also soared, with a reported $400 million in trades, up by a striking 87%. Data from coin market cap revealed that

Trump-Linked Meme Coins Outshine Others 

Not all political meme coins fared equally, however. While Trump-linked meme coins saw significant price increases, those linked to Kamala Harris faced declines, hinting at a market expectation of Trump’s victory. The top five political meme coins by market cap all posted gains, predominantly tied to Trump. On the flip side, the biggest drops in meme coins were among Harris-related tokens.

Among the Trump-themed coins, the MAGA (TRUMP) token stood out, hitting a daily trading volume above $40 million—its highest since mid-July. The token’s price climbed from $3 to over $4.70 before settling at $3.63. Meanwhile, Kamala Horris (KAMA) saw a dramatic drop, tumbling 70% from $0.015 to $0.0045.

Surge in New Token Creations on Election Day

Election Day also showed a notable rise in new crypto tokens. Data from Pump.fun showed that over 26,000 tokens were created within 24 hours, the highest rate since early November. Many of these new tokens were political meme coins, adding to the day’s frenzied trading environment.

Commenting on the trend, X user DogeDesigner noted that meme coins are likely to remain in the spotlight throughout the election cycle. However, many of these political-themed coins are grassroots creations with limited trading activity and no official connection to the candidates.