Many Trump coins are surging after incumbent President Joe Biden’s decision to step out of the running for the 2024 US presidential elections.
As previously reported, the announcement had a negative impact on the price of Jeo Boden ($BODEN), the largest Biden parody coin.
As of this writing, $BODEN lost a staggering 58% of its price in the last 24 hours.
Unsurprisingly, several Trump coins are reaping the rewards. Super Trump ($STRUMP) added 6.6% overnight to trade at $0.01351, while Pepe Trump ($PTRUMP) bags swelled 19% as the token climbed to $0.001137.
However, the biggest Trump coin, the $313 million market cap MAGA ($TRUMP) is trading against the grain with overnight losses of 3.8% as it changes hands at $6.79.
The biggest winner from the news cycle though is undoubtedly Kamala Horris ($KAMA).
The meme coin parody of Democrat Vice President Kamala Harris had slowly been gaining traction over the last few weeks, especially after one savvy trader managed to turn a $960 purchase into $77,829, generating returns of ~8,100%.
Now, as Biden stepped out of the running, he nominated his VP Harris to be the new Democrat Presidential candidate. This in turn has had a positive effect on $KAMA, ballooning the token 48% overnight to $0.01602.
From Trump Fever To Olympics Meme Coins
Beyond election fever, another seminal event is likely to shape the meme coin landscape this year.
The 2024 Paris Olympics meets Meme Coin mania in a new token called The Meme Games ($MGMES).
Those who buy $MGMES tokens now are prompted to select their favorite meme coin avatar, between Dogecoin, Pepe, DogWifHat, Brett and Turbo and watch them race for a chance to claim a 25% bonus on their initial purchase.
$MGMES is currently selling via the presale website at a fixed presale price of $0.00905.
This means investors can purchase 10,000 $MGMES at just $90.50. This is the lowest price the token will be for the rest of the presale season, which will run concurrently with this year’s Paris Olympics and Paralympics.
So, if investors make an initial purchase of 10,000 $MGMES tokens, and then select an avatar out of the five meme competitors, they’ll have a 20% chance of automatically receiving an additional 2,500 $MGMES just moments after they buy.
Participants can purchase $MGMES an unlimited number of times with no minimum purchase requirement to increase their chances of securing multiple 25% token bonuses.
The official project website and whitepaper encourage investors to stake tokens during the presale to take advantage of the frankly eye-watering 1218% APY on offer right now.
This figure is variable and decreases with the number of stakers, so to maximize gains, participants will want to stake early and stake big to maximize yield.
The presale widget over on the website facilitates purchases with ETH or the Ethereum-based stablecoin Tether (USDT). Staking is only on Ethereum. Other purchase options include BNB or debit or credit card.
