The top political meme tokens in the crypto market have lost a combined $420 million in value over the past 96 days leading up to the U.S. election. On June 3, MAGA (TRUMP) was the dominant meme coin but has since been surpassed by ConstitutionDAO (PEOPLE). Despite the upcoming election, politifi coins have seen a decline in value, with their market cap dropping from $875 million to $455 million. MAGA, PEOPLE, and other politifi tokens have experienced significant drops in price since June. New tokens like BODEN and KAMA have also entered the scene, with varying levels of success. The future of these coins and the politifi communities after the election remains uncertain.
- Content Editor ( news.bitcoin.com )
- 2024-09-08
Political Meme Coin Economy Shrinks by $420M as US Election Nears