The results of the U.S. presidential election are in, Trump is elected, but the anticipated MEME coin surge did not arrive.
Tokens related to Trump, such as MAGA and TRUMP2, failed to achieve significant increases, instead experiencing a sharp decline. Meanwhile, tokens related to Harris saw even greater losses, with some dropping over 90%.
Newly issued MEME coins briefly soared but quickly faced a crash, with tokens like $EAGLE and $BSDNT dropping more than 90% at one point. Market funds shifted towards mainstream assets like Bitcoin, which reached new highs.
Why is this happening?
It might be due to the “buy the rumor, sell the news” effect, market uncertainty, excessive supply of MEME coins, and a lack of strong narrative drive.
With Trump entering the White House, the future of the crypto community is filled with uncertainty.
