During the U.S. election frenzy, meme coins like DOGE, ELON, MAGA, and DJT are drawing attention on social media.
DOGE shows positive sentiment and high liquidity, while ELON, MAGA, and DJT face mixed reactions.
The prices of politically themed tokens like MAGA and DJT have surged, reflecting speculative trading trends.
As the latest U.S. election results draw public attention, meme coins have become one of the most discussed crypto assets on social media. As users discuss these politically themed assets, the prices and trading volumes of leading tokens like Dogecoin (DOGE), Dogelon Mars (ELON), MAGA (TRUMP) Coin, and TrumpCoin (DJT) have all surged.
Source: X
According to data from Santiment, Dogecoin (DOGE) leads with positive crypto sentiment, while ELON, MAGA, and DJT reflect different responses, with a significant portion of sentiment leaning negative.
In addition to DOGE, tokens like FWOG, SHIB, and BTC are also gaining attention on social platforms, displaying different sentiment patterns. The sentiment around DOGE remains generally positive, while ELON, MAGA, and DJT show a broader public opinion.
The price of Dogecoin (DOGE) surged after the market downturn.
Dogecoin (DOGE) has seen a significant increase, rising 19.58% in the past week to $0.209. This rise is attributed to a market cap increase of 28.13%, currently reaching $30.66 billion.
DOGE's trading activity has also increased significantly, with a 24-hour trading volume growth of 187.17%, totaling $8.09 billion. The trading volume to market cap ratio of 26.22% reflects Dogecoin's strong liquidity and trading interest.
MAGA (TRUMP) token's volatility has increased.
Another popular politically themed token, MAGA (TRUMP), saw its price increase by 28.31% in the past day, reaching $4.37. This increase led to a market cap growth of 24.73%, currently standing at $192.06 million.
MAGA's trading volume increased by 112.47%, indicating enhanced liquidity. Price trends show an initial steady rise, a brief drop, and then a quick recovery, highlighting the volatility often seen with meme coins.
TrumpCoin (DJT) has surged significantly this week.
TrumpCoin (DJT) has increased by 202.45% in the past week, reaching a price of $0.0008399. This rise is part of the overall increase in politically themed token activity.
Despite the surge in TrumpCoin's price, its market cap remains at $8.3 million, with a 24-hour trading volume increase of 15.40%. The trading volume to market cap ratio is 17.47%, indicating an active market with strong liquidity.
Dogelon Mars (ELON) rose 15.50% today, reaching a price of $0.0001506. Meanwhile, the market cap remains stable at $82.78 million, and trading volume surged by 129.52% in the past 24 hours, indicating ongoing interest in the token.
