Taylor Swift's Meme Coin Has Collapsed; Here's Everything You Need to Know
The Internet has a knack for making fun of almost any event, whether it's lighthearted or deadly serious.
The latest manifestation of this ability took place in the crypto markets between September 15 and 16, when the little-known Taylor Swift meme coin SWIFTIES fell 9.25% from $0.02863 to $0.02417.
The Strange Connection Between SWIFTIE and the Trump Assassination Attempt
The decline can be explained by a strange sequence of events: First, Taylor Swift endorsed Democratic nominee Vice President Kamala Harris after the recent debates.
Then, on Sunday morning, September 15, former President Donald Trump posted a message on his social media platform, Truth Social, simply stating, "I hate Taylor Swift."
On the other hand, KAMA's fortunes provide an interesting reflection of the performance of perhaps the single biggest asset involved in the presidential race, with all its ups and downs: Trump Media (NASDAQ: DJT) stock.
While DJT's quick collapse after the September 10 debate may indicate that investors were unimpressed with the Republican nominee, the same could be said for Harris' followers — at least in the crypto community — given the price action of the Horris meme coin.
Additionally, DJT's resurgence on Friday, September 13, and beyond demonstrates Trump supporters' willingness to close ranks and support their candidate.
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