Satirical political memecoins like MAGA, STRUMP, and Kumala Harris have garnered attention in the context of the U.S. presidential election
A victory for Trump or Harris could significantly impact the value of their respective themed Tokens
Memecoin is unexpectedly putting itself in the spotlight during the U.S. presidential election, with political Tokens like MAGA, STRUMP, Jeo Budden, and Kumala Harris increasingly attracting attention. These Tokens are capitalizing on political interest, with heightened attention from electoral fluctuations.
While the success of individual Tokens may depend on election results, the broader memecoin sector still has significant growth potential.
The rise and emergence of political memecoins satirically
Political satirical Tokens have emerged as a unique reflection of voter sentiment. According to data from CoinMarketCap, many Donald Trump-themed memecoins have attracted attention and strong activity. At the time of reporting, the memecoin MAGA (TRUMP) leads with the largest market capitalization among election-related Tokens.
Over the past seven days, MAGA (TRUMP) has increased by 35%, while MAGA (MAGA) surged to 100%. TRUMP also has a market capitalization of over $193 million, with MAGA following at approximately $111 million.
In contrast, satirical Tokens related to Vice President Kamala Harris have not received the same level of interest. Data shows these Tokens, including Kumala Harris (MAWA) and Kamala Horris (KAMA), have a market capitalization of under $5 million at the time of writing. MAWA reached $4.6 million and KAMA is around $3.3 million.
Potential post-election trends
Based on current trends, a Trump victory could cause related memecoins to skyrocket as investors react to the news. This surge is likely to be driven more by sentiment than sustained interest, followed by a correction as the initial frenzy subsides.
Conversely, if Vice President Kamala Harris wins, Tokens related to her may see a rise in value. However, like Trump-themed Tokens, this price increase may only be short-lived, followed by a decline as the election frenzy cools down.
General trend of the memecoin market
Despite the excitement surrounding these political Tokens, the broader memecoin market has maintained a steady upward trend, recently reaching a market capitalization of approximately $68.5 billion.
Tokens like Goatseus Maximus (GOATS) have been major drivers of this growth, recording significant gains in recent days.
Source: CoinMarketCap
Top memecoins remain unaffected by political satirical Tokens, with no election-themed Tokens currently in the top 20.
This means that while election sentiment may have influenced individual Tokens, its overall impact on the memecoin market capitalization remains minimal.
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