CandleFocus Donald Trump-Themed Meme Coins Skyrocket Amid US Election Fervor
2024-11-06
Author: Content Editor
On Election Day, the crypto market saw increased activity, with Bitcoin reaching a new all-time high as investors anticipated Donald Trump becoming the new US president. Political-themed meme coin prices also surged, with the market capitalization and trading volume of these coins experiencing significant increases. While meme coins related to Trump saw strong price increases, those related to Harris experienced declines, reflecting traders' expectations of a Trump victory. The top 5 political meme coins by market capitalization all recorded gains, mostly related to Trump, while those related to Harris saw sharp declines. MAGA (TRUMP) had the highest daily volume since July, but the price of TRUMP experienced volatility and is currently trading at $3.63. In contrast, Kamala Horris (KAMA) dropped 70%. The number of newly created tokens on election day slightly increased, with a significant number of political meme coins among them. Meme coins are expected to remain in the spotlight for the next four years. However, it is important to note that most political-themed meme coins are spontaneous creations with low trading volumes.
Related News
Tron (TRX) Founder Justin Sun Makes a Surprise Move! He Offered a Job to SEC Chairman Gary Gensler! Jones DAO Introduces jHYPER: An Exclusive Strategy to Optimize $HYPER Tokens Argo Blockchain stocks go up 14% on expected Trump win Cathie Wood Says Trump Victory Will Put Blockchain and Four Other Technologies on Steroids Shytoshi Kusama Hints at “Rivalry” Within Shiba Inu Ecosystem GOAT gains 43% as US election results trigger market uptrend Ripple CEO Taunts “Everyone Who Doubted” as Pro-Crypto Candidates Emerge Winners in US Elections How Much Will Giant Whales Who Invested Millions of Dollars in Donald Trump's Win Make? Here Are Their Jaw-Dropping Profits! Fluid x 1inch: Enhanced Liquidity Layer Brings Effortless Trade Optimization As Dogecoin Records 29% Gain, Is a New 52-Week High on the Horizon? Fantom (FTM) Shows Bullish Signs as Whale Activity and Social Engagement Surge Crypto Markets Add Over $200B Overnight as Bitcoin (BTC) Taps New All-Time High (Market Watch) Bitcoin whales accumulate $132M amid Trump victory projections Bitcoin Price Hits New ATH, $90K Soon After Donald Trump Victory? Osmosis Launches Osmosis Card for Global Crypto Spending When Will Altcoin Season Come? Two Analysts Share Their Thoughts Will Elections Influence Cryptocurrency Prices? $15 TON Price Prediction Comes to Light as Analysts Highlight Bullish Signals on TON Chart, XRP Follows JPMorgan to launch dollar-euro FX settlements via Kinexys blockchain ZachXBT’s NFT Accidentally Turns Into $15 Million Meme Coin Shiba Inu (SHIB) Hits 30-Day High: Is ATH Next? Crypto Twitter slams influencer for claiming Trump’s Whitehouse run behind Bitcoin’s 516% surge XRP Rockets 7% After Bitcoin Sets New Historic High: What's Next? XRP Market Cap Risks Falling Behind DOGE Despite 5% Increase Uniswap Gears Up for a Golden Cross Following Massive 35% Rally POL hits new lows amidst Polygon’s TVL surge: A chance to invest? FLOKI Erases October Gains; How Low Will Prices Drop? Pro-Bitcoin Donald Trump Becomes the 47th President of the United States Trump Gave His First Speech, Bringing New ATH in Bitcoin! He Did Not Mention Bitcoin, Price Dropped! Shiba Inu Lead Copies This Elon Musk Move Trump's Triumph Is Also Crypto's: Gensler, Regulatory Clouds Likely to Vanish AI Coins Rally As Nvidia Surpasses Apple As Largest Global Company Pundit Projects 100 Dormant XRP Could Be Worth $13,000,003 in 10 Years Bitcoin Exchange Binance Announces It Has Delisted BTC Pairs of Two Altcoins! Here Are the Details XRP’s Price Targets $1 as Election Patterns Signal Breakout S&P, Treasury yields and crypto skyrocket with Trump’s probable win Coinbase debuts engineering hub in Singapore to empower local crypto community After Years of Fluctuations, DeFi TVL Recovers in 2024 Donald Trump Wins the Presidency: Here's What It Means for Crypto Coinbase CEO Reacts as 238 Pro-Crypto Candidates Lead in US Congress Elections Bitcoin Returns to Top 10 Biggest Global Assets by Market Cap After Soaring to $75K Donald Trump-Themed Meme Coins Skyrocket Amid US Election Fervor Dogecoin Price 'Looks Unstoppable,' Eyes $0.36 As Next Target These Altcoins Are Well-positioned to Reach New Highs Soon ChatGPT, Google Gemini Predict Shiba Inu Price as BTC Makes New ATH on Expected Trump victory Bithumb Withdraws 1.586 Billion XRP in Internal Transfers Pro-Crypto Jim Justice Flips West Virginia Senate Seat to GOP in 2024 The fate of the global economy, de-dollarization and Russia under Trump 2.0 ? Solana Jumps 17%, Flips BNB Chain Token, as Trump's Lead Renews ETF Hopes Hong Kong eyes tokenization; Bolivia offers stablecoin custody Bitcoin, Altcoins Explode as Election Results Keep Rolling In Polymarket, Prediction Betting Markets Vindicated by Trump's Strong Showing Bitcoin heads to the moon — Watch these BTC price levels next from $75K South Korea Pilots CBDC as Crypto Reshapes Job Market What Is Fundamental Analysis In Crypto? XRP could move toward $0.5608 resistance, on-chain data indicates declining investor interest Shiba Inu Gains as Trump’s 2024 Chances Boost Crypto Hopes Dogecoin Rallies to Five-Month High on US Election Wave Bitcoin Rises Nearly 10% Against Mexican Peso as 'Trump Trade' Soars; Gold Stays Flat Binance Will List COW and CETUS Today With a Seed Tag 220 pro-crypto candidates elected in US while Elizabeth Warren keeps seat amid $75k Bitcoin Kaspa Price Nears Support as Analysts Predict Price Rebound XRP Price Prediction As Analyst Says U.S Election Will 'Break Crypto' Kima and Blocksquare Collaborate for Tokenized Real Estate Bitcoin shorters ‘are getting rekt’ after new $75K high US Presidential Election 2024 Results: Odds of Donald Trump Winning Explode on Polymarket BlackRock's Bitcoin ETF sees 6th ever outflow on US election day Bitcoin hits new all time high of $75,242 as Trump takes an early lead on election day Pensions’ move to BTC is slow, steady Donald Trump May Not Be Able To Fire Gary Gensler, Here’s Why Crypto Lobby Secures Major Victory as Sherrod Brown Loses Senate Seat in Ohio Is the Bitcoin (BTC) Price on the Verge of a Massive Rally? 20 Reasons To Be Mega Bullish on XRP, Says Pundit Bitcoin Price Sets New ATH at $75,100 as US Election Results Favor Trump Bitcoin hits new all time high of $75,242 as Trump takes an early lead on election day Dogecoin (DOGE) Price Soars 22% in Hours: Here’s Why Bitget Introduces Transparent Listing Portal Amidst Crypto Fee Controversy US Presidential Election 2024 Results: Odds of Donald Trump Winning Explode on Polymarket Pioneering AI’s Decentralized Transformation: PepeCoin’s BasedAI Joins Coinbase’s Crypto-AI Stack Top Blockchains Based on Per-Month Active Addresses, Solana Leads Bitcoin Price Hits New All-Time High Amid US Election Hype Bitcoin Hits New Record Above $73.8K, DOGE Surges 17% as Trump Polymarket Odds Shoot to 80% Donald Trump and Kamala Harris-themed memecoins see mixed trading on Election Day Bitcoin breaks new all-time high above $74,000 amid Trump's early lead on Election Day Crypto venture funding hits $860 million in October, highest in over 6 months Ether traders eye more downside amid ETH/BTC tapping 'new multi-year lows' Bitcoin hits new ATH of $75K as Trump takes early lead in presidential race Bitcoin price has become intertwined with U.S. Election: Crypto executives Ethereum Foundation's Josh Stark highlights ETH's 'hardness' as it hits 3-year low against Bitcoin Bitcoin's 'Coinbase Premium' Jumps to Two-Month High as Prices Top $71K Amid Trump's Early Lead ChatGPT and Google Gemini Predict XRP Price if Bitcoin Hits $500,000, as Predicted by Bloomberg Solana, XRP ETF Approval Hinges on 2024 US Election Elizabeth Warren beats pro-XRP lawyer John Deaton for Massachusetts Senate seat Here are the key Senate races for crypto in the US election Walletmobile Places Bold $9.95M USDC Bet for Trump in the US Election Pivotal Bitcoin (BTC) Price Reversal at $68,685, Shiba Inu (SHIB) Recovery Begins, Dogecoin (DOGE) Bull Market Comeback Secured Why The Bitcoin Price Is A 'Good' Indicator On US Election Day Spooked by FTX collapse, Japan’s FSA prepares laws to prevent domestic crypto asset loss Cyprus SEC extends FTX license suspension until May 2025, tightens restrictions on operations Tech giant’s failed AI energy deals could pull power from Bitcoin Bitcoin jumps above $71k as markets await US election results Average mining price for BTC now at $59,542, solo miners earn fewer rewards: Report Analyst Says Short Dogecoin And Long POPCAT Are The Safest Bets, Here's Why 3 Ethereum Coins That Could 5X if ETH Hits $5,000 Major Upcoming Token Unlocks and Strategic Partnerships in Web3 FET Sets Sights on Recovering October Losses Starting with 10% Hike