Trump and Biden-inspired #memecoins rally despite broader crypto pullback

Memecoins inspired by former and current U.S. presidents #Donald Trump and Joe Biden have surged in the past 24 hours.
The Trump-inspired memecoin MAGA (ticker: TRUMP) rose by over 44% during this period, according to CoinGecko data. Meanwhile, Jeo Boden (ticker: BODEN), a misspelled reference to incumbent President Joe Biden, increased by more than 22%.
According to Wintermute analysts, "fast money is observed within the memecoin sector, which has led to sector out performance over the last 7 days."

The Block’s GMCI Meme index, comprising the leading memecoins by market capitalization, has rallied by nearly 9% in the past week.

Memecoins related to U.S. presidential candidates have rallied in the past 24 hours. Image: The Block.

According to CoinGecko’s memecoin market capitalization category page, the top three memecoin gainers in the past 24 hours are Donald Tremp, which surged by 122%, MAGA, which increased by 44%, and Jeo Boden, which rose by 22%.

In contrast, bitcoin was trading at around $60,800 at the time of writing, having fallen by over 2.4% in the past 24 hours, according to The Block’s price page. The price of ether dipped by over 1.4% to around $2,950 in the same period.

Will world coin follows the steps and movements of bitcoin cause the project was designed to change humanity let's go, world coin may be the 2024 crypto of the year let's continue analysing the movements and steps of the two. #US_Job_Market_Slowdown #Donald Trump president of us #bitcoin#WLD

🇺🇸Winklevoss Twins Donate $BTC to Trump:

📢 The #Winklevoss twins donated 30.94 Bitcoin, worth over $2 million, to #Donald Trump to “put an end to the Biden Admin’s war on crypto.” 🇺🇸

🌐Source: #Forbes

🚨BREAKING🚨

DONALD TRUMP HAS OFFICIALLY BEEN ANNOUNCED AS A SPEAKER AT THE WORLD'S LARGEST #BITCOIN CONFERENCE THAT WILL TAKE PLACE IN NASHVILLE, TENNESSEE, THIS MONTH.

GIGA BULLISH FOR BITCOIN 🔥

#CPI_BTC_Watch #BTC #SOFR_Spike #Donald

President Donald Trump

The reported incident at a rally in Pennsylvania involving former President Donald Trump has caused a significant stir in prediction markets and beyond. Despite initial concerns, Trump's safety has been confirmed, with a suspected gunman neutralized.

This event has led to a surge in Trump's odds on Polymarket, with "Yes" shares now indicating a 70% chance of him reclaiming the presidency in November.

This rise reflects traders' reactions to unfolding events and underscores the dynamic nature of political prediction markets.

#Donald #Trump #MarketNews #Crypto #trending

#Donald J. Trump & #Elon Musk will be live on X! 🚨

#Binance
#crypto2024

#Donald Trump appears in public with a bandage on his ear for the first time since being shot.

#bitcoin & #cryptocurrency market is showing strength. Keep #HODL

🧙‍♂️ According to #Arkham data, #Donald Trump's crypto wallet reached a value of $ 10 million.
$BTC $USDC

$BTC #BTC 📉

Seems like our dream US Election #PUMP is just a dream only.

For the first time on Polymarket Kamala Harris is above Donald Trump.

#Kamala #Donald #PolyMarket