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MAGA Hat, Super Trump soar as politics-related memecoins heat up MAGA Hat token has jumped more than 500% in the past 24 hours. Super Trump reached new all-time high on May 29 and is up 200% at the time of writing. Meme coins are not directly linked to former US President Donald Trump, but his bid is inspiring new frenzy. Meme coins fervour continues with politics-related and celebrity tokens at the centre of the latest FOMO.  While tokens such as $JENNER and $DAVIDO highlight the mania around celebrity-inspired meme coins, there’s a rising tide in the politics arena with former US President Donald Trump-inspired tokens leading the sector. The biggest movers are MAGA (TRUMP), MAGA Hat (MAGA) and Super Trump (STRUMP). US election and former President Donald Trump inspires meme coin frenzy MAGA (TRUMP) epitomises the rise of PolitiFi meme coins. According to data from CoinGecko, TRUMP, which traded around $0.01136 in October last year, has jumped a staggering 112500% to current price levels of $12.84. In the past week, news that a wallet of the former US President Donald Trump directly holds millions of dollars’ worth of the token pushed TRUMP higher. Trump’s campaign also announced it was accepting crypto donations, including in Bitcoin, Ethereum and Dogecoin. During remarks made at a campaign event, Trump said he would free Ross Ulbricht on day one of presidency. This comes as Trump looks to capture the huge Crypto holder vote block, which data shows is largely leaning towards his Crypto-friendly outlook

MAGA Hat, Super Trump soar as politics-related memecoins heat up

MAGA Hat token has jumped more than 500% in the past 24 hours.

Super Trump reached new all-time high on May 29 and is up 200% at the time of writing.

Meme coins are not directly linked to former US President Donald Trump, but his bid is inspiring new frenzy.

Meme coins fervour continues with politics-related and celebrity tokens at the centre of the latest FOMO. 

While tokens such as $JENNER and $DAVIDO highlight the mania around celebrity-inspired meme coins, there’s a rising tide in the politics arena with former US President Donald Trump-inspired tokens leading the sector.

The biggest movers are MAGA (TRUMP), MAGA Hat (MAGA) and Super Trump (STRUMP).

US election and former President Donald Trump inspires meme coin frenzy

MAGA (TRUMP) epitomises the rise of PolitiFi meme coins.

According to data from CoinGecko, TRUMP, which traded around $0.01136 in October last year, has jumped a staggering 112500% to current price levels of $12.84.

In the past week, news that a wallet of the former US President Donald Trump directly holds millions of dollars’ worth of the token pushed TRUMP higher.

Trump’s campaign also announced it was accepting crypto donations, including in Bitcoin, Ethereum and Dogecoin. During remarks made at a campaign event, Trump said he would free Ross Ulbricht on day one of presidency.

This comes as Trump looks to capture the huge Crypto holder vote block, which data shows is largely leaning towards his Crypto-friendly outlook

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PEPE trading volumes surge 3X from start of May just days after ATH Trading volume of meme coin Pepe (PEPE) is up three times higher than the start of the month after suddenly falling 12% from new all-time highs on May 27. On May 5, Pepe was trading at $0.000008834, with its trading volume at $783.17 million. It's price since gained 94% to breach all-time highs on May 27, though it's slipped since and is now trading at $0.0000147. However, over the past 24 hours, Pepe’s trading volume reached $2.47 billion, a 216% surge from the start of the month. While some crypto traders believe that Pepe is steering the direction of the entire meme coin market, others remain skeptical of its sudden fall after recently hitting new highs on May 27. As Pepe’s price fell, the two largest meme coins by market capitalization, Dogecoin and Shiba Inu (SHIB), also experienced price declines in the same three-day time frame. “Pepe is technically in the strongest position in terms of price, BUT…If the next rally fails to print a new high, look out,” Pizzino declared in a May 30 X post. While Pepe’s decline has only led to more trader interest over the past 24 hours, a 26.38% increase, Dogecoin, and Shiba Inu saw trading volumes drop by 7.4% and 45% respectively.
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Investors Are Turning To KangaMoon (KANG) As Launch Nears While Pepe steals the spotlight with its new ATH, there has been a massive rise in investors buying KangaMoon (KANG). This new DeFi project has raised over $7.3 million from investors over the past few weeks as its launch approaches. KangaMoon has become one of the most beloved meme coins in recent times because of its utility-based approach. Unlike other projects in the meme coin market, which have been created and driven with just hype, KangaMoon has utility value. The project has built a metaverse platform called “Kangaverse” with exciting crypto games.  In the Kangaverse, players will be able to fight, go on missions competitions, and complete tasks to earn free KANG tokens. Furthermore, owners of KANG are entitled to participate in weekly, monthly, and quarterly competitions that provide extra tokens and other helpful in-game things. Even those who aren’t into crypto games can wager on battles and challenge results to win KANG tokens. Everyone now has an equal chance to acquire KANG tokens as a result. Another feature that solidifies KANG as the best crypto investment in the meme coin space is its Social-Fi system. This community-centric model was designed by KangaMoon to reward its members based on how active they are.  KangaMoon’s growing popularity has been crowned with its KANG token listing on CoinGecko and CoinMarketCap. Also, BitMart, a leading crypto exchange has announced support for KANG will come very soon. With the growing momentum and potential to transform the meme coin space, market experts are optimistic that KANG can surge by more than 50x in the 2024 bull season.
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75 Billion #shiba⚡ Shiba Inu in 24 Hours, What's Happening? There is a significant shift in the market outlook today as the combined crypto market liquidation has topped $155.7 million as the Bitcoin (BTC) and Ethereum (ETH) prices slipped. Of the altcoins impacted, Shiba Inu (SHIB) notably comes into the spotlight with a 24-hour liquidation of $1.95 million. This marks more than 75 billion SHIB liquidated within a 24-hour timespan. Shiba Inu bulls taking heat According to data from CoinGlass, the major brunt of this SHIB liquidation is being felt by the token’s bulls. With the class of traders going long on Shiba Inu, the total liquidation they recorded comes in at $1.7 million. This compared to a total of $255,590 for short liquidations overall. Going long on Shiba Inu comes as a natural move considering how the token started this week. Its price soared as high as 15% on May 28, growth that saw it temporarily displace Avalanche (AVAX), Toncoin (TON) and Cardano (ADA) to take its place as the ninth largest digital currency. However, the current price slip and liquidation have changed its narrative and dragged it back to 11th place. At the time of writing, Shiba Inu suffered a major rejection at $0.00003 and is worth $0.00002626, down by 4.66% in the past 24 hours. Its market capitalization is now pegged at $15,465,877,648, and trading volume slipping by over 38% to $1,485,587,758. Surviving the heat From related crypto liquidation data, the more the growth of any digital currency, the bigger its liquidation. Despite liquidating more than 75 billion tokens overnight, SHIB still saw a relatively milder plunge in this metric compared to its other top meme coin rivals, Dogecoin (DOGE) and PEPE. Overall, the other positive sentiments in the broader crypto ecosystem will help it survive the liquidation heat. Also, the recovery of BTC and ETH might also help fuel its revival in the short term.
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