In the lead-up to the U.S. presidential debate, on-chain experts predict volatility in political-themed meme coins. Bitfinex analysts point out that PolitiFi tokens, such as Ethereum-based Super Trump (STRUMP) and Maga (TRUMP), and BNB Smart Chain-based Maga Hat (MAGA), have become speculative assets tied to the election outcome. These tokens have amassed market caps and volumes in millions of dollars, with a collective market cap exceeding $1 billion and a 24-hour trading volume over $256 million.

The upcoming debate between President Joe Biden and former President Donald Trump may influence these tokens' performance. Analysts anticipate that discussions on capital gains taxes and crypto taxation policies could significantly impact the market. Meanwhile, prominent crypto community members, like the Winklevoss twins, have shown support for Trump due to his pro-crypto stance, further stirring the market. Despite the current market drawdown, the outlook remains optimistic.