Donald Trump spoke: These memecoins exploded!

The presidential election-related memecoin rally came after Trump said crypto could be used for campaign donations. Trump, who has come to the fore from time to time with his statements towards the crypto industry, has literally wreaked havoc on the agenda.

Answering various questions in a speech, #Trump said, "If you can't do it, I'll make sure you can." “Can we donate to the Trump campaign using crypto? “I believe the answer is yes.”

According to CoinGecko data, Trump-inspired memecoin MAGA (TRUMP) increased by over 44 percent during this period. On the other hand, Jeo Boden (BODEN), a reference to incumbent President Joe Biden, is up more than 22 percent.

According to Wintermute analysts, rapid money flow is observed in memecoins. The GMCI index, which includes memecoins in terms of market capitalization, increased by approximately 9 percent last week.

According to CoinGecko's statistics, the top three winners of memecoin in the last 24 hours were Donald Tremp with an increase of 122 percent, MAGA with an increase of 44 percent and Jeo Boden with an increase of 22 percent.
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