Donald Trump has emerged as an important and influential indicator for the digital asset market. After Bitcoin 2024 conference organizers announced that the ex-president would give a speech, the value of two memcoins associated with politics soared in price. We are talking about TrumpCoin (DJT) and Satoshi Trump (MBGA).

After news of Trump's participation in the conference appeared, the price of the TrumpCoin (DJT) token soared by almost 50,000,000% and reached a capitalization of $143.1 million.

There are currently rumors circulating online that DJT is directly related to the former US President and is even his official cryptocurrency. However, there was no confirmation of this information from Trump himself or representatives of his team.

As for another memecoin, Satoshi Trump (MBGA), its price rose more than 7,900%, and the market capitalization was $2.8 million, although there was a correction in value.

Political memecoins have become one of the trends in the entire sector of meme tokens and sometimes demonstrate a dizzying rise, as well as a rapid decline. In general, the entire memcoin market has been demonstrating a steady bullish trend for six months, which allows their holders to make decent profits.