With just hours to go before the US election, Donald Trump-inspired memecoins are exploding, with some reaching up to +129%. These tokens, linked to the Republican candidate’s hopes of victory, are seeing meteoric growth as investors turn to Trump as a potential “crypto candidate.”
DJT, one of the top-performing Trump tokens, surged 129.1%, while others like Pepe (TRUMP) saw gains of over 124%. Trump-themed tokens – such as MAGA, TRUMPCOIN, and STRUMP – continue to attract attention, contributing to a market cap of over $685 million for tokens in the PoliFi category.
At a recent rally, Trump promised to create a strategic reserve of bitcoin to reduce U.S. debt, boosting his appeal in the crypto space. His speech at the Bitcoin Conference in Nashville also reaffirmed his ambition to make the U.S. the world leader in cryptocurrencies, a statement that is fueling interest in these thematic tokens.
The results of this election will undoubtedly have repercussions for the future of crypto!
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