Political meme coins have taken a major hit, even after Trump's big victory. Over the past 24 hours, $TRUMP has dropped by 23.2%, $MAGA is down 38.5%, and Super Trump Coin has plunged 45.4%. Democrat-themed tokens like Kumula Herris and Kamala Horris have seen even worse losses, with drops of 99.4% and 92.4%, respectively. This sharp decline indicates that traders are moving away from these novelty coins in favour of more established cryptocurrencies amid a broader market rally. However, a token called "Department of Gov Efficiency" has surged by 118.7%, possibly reflecting interest in Trump's proposal to have Elon Musk lead a commission for auditing the federal government’s financials and performance.
