5. Political Meme Coins Suffer

Despite Trump’s resounding win, it’s been a bruising 24 hours across the board for political meme coins — a sign that this crypto trend is now in its dying embers.

CoinMarketCap data shows $TRUMP has shed 23.2% of its value in the past 24 hours, with $MAGA down 38.5% and Super Trump Coin plunging 45.4%.

But the biggest wipeout has been reserved for Democrat-focused tokens, including Kumula Herris (down 99.4%) and Kamala Horris (down 92.4%.)

Moving away from typo-riddled altcoins signifies that traders are returning to more established cryptocurrencies, hoping to ride this latest bullish surge.

In a sign that Elon Musk still holds incredible sway over the meme coin markets, only a token named “Department of Gov Efficiency” has come out on top, surging by 118.7%.

That’s a nod to Trump’s suggestion that the billionaire could lead a specially created commission that would perform “a complete financial and performance audit of the entire federal government.”