#donaldtrump #memecoins saw mixed trading....

On Election Day in the United States, memecoins themed around political figures Donald Trump and Kamala Harris saw mixed trading.
Although the most popular Trump-inspired tokens experienced sell-offs in the week leading up to the election, some smaller tokens showed gains on Tuesday evening as initial election results began to come in.
Trump has been vocal about his support for crypto, calling himself the “crypto candidate” of this election, while Vice President Kamala Harris has been less outspoken on the topic.
This election season, more than $3 billion has been wagered on decentralized prediction platform Polymarket, with predictions indicating a 3.5% fluctuation in Bitcoin’s price based on election night outcomes.
Notably, the largest Trump-inspired memecoin, MAGA (ticker TRUMP), currently holds a market cap of about $154 million but saw a 17% drop in the last week, trading at approximately $3.40.
Other tokens such as MAGA Hat (MAGA), Super Trump (STRUMP), and Fight to MAGA (FIGHT) have experienced nearly 30% losses during the same period. However, Doland Tremp (TREMP), another Trump-inspired coin with a $35 million market cap, saw a recovery on Tuesday, gaining 15% within 24 hours.
Among Harris-themed tokens, Kamala Horris (KAMA) led the market with a $10.5 million market cap, increasing 40% over the past week to $0.01043. Meanwhile, Jeo Boden (BODEN), a token inspired by President Joe Biden, dropped by 21% this week after reaching a peak of $0.95 in April.
With election results continuing to roll in, these politically themed tokens could experience further volatility in the coming days, underscoring the speculative nature of memecoins in politically charged markets.
THEBLOCK.

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