Someone made over $100k thanks to politicial memecoins
Memecoins did survive an incredible year with Harris and Trump
But will this narrative be relevant going forward?
Political meme coins and prediction markets have been pivotal in the current crypto bull market, influenced by the U.S. election and Trumpâs pro-Bitcoin stance
Tokens like TRUMP and MAGA have become speculative assets, fluctuating with candidate fortunes
Most major PolitiFi tokens by market cap are tied to the Republican nominee, while those named after Kamala Harris have smaller valuations
Investing in these tokens is risky; for example, "Jeo Boden" peaked at $1.07 in April but dropped 99.6% after the president ended his re-election bid
The November election has become a huge business for Polymarket, with users betting on various issues using cryptocurrency
Nearly $1 billion has been bet on who will win - Harris or Trump - and it's still too close to call
The big question is whether political meme coins and prediction markets will fall in value once the election is over
According to Dune Analytics Polymarket will break its monthly trading volume record in September, surpassing August's $472.8M
Whatâs Next?
Political meme coins have primarily been a U.S. phenomenon but could expand globally
This potential expansion depends on factors like crypto regulations, digital asset adoption, and political systems in other countries
A Trump win in November could boost crypto markets, especially if he establishes a Bitcoin reserve and strengthens U.S. mining efforts
His namesake coins would likely rise
However, a loss could diminish political meme coins temporarily, with new tokens possibly emerging only with
