Trump Victory Triggers Meme Coin Decline 📉
Meme coins themed around Donald Trump, such as #TRUMP, MAGA, TREMP, and STRUMP, experienced a sharp drop in market capitalization, falling by over 21% today. Despite Trump’s victory in the U.S. election 🇺🇸, these tokens are not seeing the anticipated boost. Investors appear to be liquidating their holdings, possibly in response to expected changes in market conditions or to capitalize on recent gains.
This trend reflects the classic "sell the news" phenomenon commonly seen in the #crypto market. It serves as a reminder that meme coins are inherently speculative and highly volatile investments.