These memecoins exploded!" Donald Trump exclaimed.
After Trump suggested that cryptocurrency may be used to contribute to presidential campaigns, a memecoin rally ensued. Trump, whose comments about the cryptocurrency industry have occasionally come to light, has utterly disrupted the plans.
#Trump responded to a number of queries throughout his address by saying, "If you can't do it, I'll make sure you can." "I think the answer is yes," I said, "can we donate to the Trump campaign using crypto?
The Trump-inspired memecoin MAGA (TRUMP) saw a 44% gain in value over that time, according to data compiled by CoinGecko. The incumbent president's nickname, "Jeo Boden" (BODEN), is, in contrast, up over 22%.
Memecoins are seeing a lot of money moving quickly, say the researchers at Wintermute. There was a about 9% growth last week in the GMCI index, which takes memecoins' market value into account.
The top three memecoin winners in the last 24 hours were Donald Tremp (122% rise), MAGA (44% increase), and Jeo Boden (22% increase), according to data compiled by CoinGecko.
