Trump-themed meme coins surge after former president's interview
Meme coins inspired by former President Donald Trump have experienced a significant surge in value after an interview he conducted with his family on X Spaces.
During the discussion, Trump criticised his political opponent Kamala Harris and voiced strong support for cryptocurrencies, which led to a notable rise in the value of several Trump-themed meme coins over the past 24 hours.
This trend reflects the growing intersection between politics and digital assets.
In the September 17 interview, Trump referred to Harris as a Marxist Communist and warned that crypto startups could face significant challenges if he does not win the presidency.
His endorsement of cryptocurrencies and his previous involvement in non-fungible token (NFT) projects seem to have boosted investor sentiment in coins themed around him.
The meme coin MAGA (CRYPTO:TRUMP) rose more than 10% against the U.S. dollar following the interview.
Other Trump-themed tokens, such as Maga Hat (CRYPTO:MAGA) and Doland Tremp (CRYPTO:TREMP), saw gains of 9.6% and 7.9%, respectively.
Even Super Trump (CRYPTO:STRUMP) recorded a 2.7% increase.
Additionally, other politically themed coins gained traction.
The crypto asset Fight to MAGA (CRYPTO:FIGHT) surged by 68%, while Maga Again (CRYPTO:MAGAA) climbed 11% within a day.
Meme coins associated with Trump’s political rivals also saw modest gains, with Kamala Horris (CRYPTO:KAMA) increasing by 3.4% and Jeo Boden (CRYPTO:BODEN) rising by 4.9%.
The sharp rise in these meme coins underscores the impact of political statements on the digital asset market and the potential for further volatility as the 2024 presidential race unfolds.
