Trump and Kamala Memecoins Show Mixed Trends Amid Election
- Trump-themed memecoins surge in price and volume amid high election season interest.
- Kamala-themed coins see sharp declines despite rising trading volumes and activity.
- Political sentiment appears to influence contrasting performances of election-themed memecoins.
Trump and Kamala-themed memecoins have demonstrated different dynamics during the elections. As of writing, Donald Trump is leading with 267 electoral votes, edging closer to a landslide victory. In contrast, Kamala Harris trails with 224 votes. In response to this, the Trump-inspired coins, including MAGA, Super Trump, and the Donald Trump Coin, are on an upswing. However, there is a clear indication that coins affiliated with Kamala Harris; Kamala Horris and Kumala Herris, saw their popularity plummeting.
MAGA (TRUMP) coin has seen a significant surge of 18.99%, rallying above $384. However, over the last 24 hours, the memecoin dipped by nealrly 7%, trading at $3.08 at press time, with a market cap of $169.13 million. Its trading volume spiked by over 200%, showing high investor interest. MAGA’s strong performance highlights its popularity among supporters.
Meanwhile, Super Trump Coin (STRUMP) saw a decline of 39.63% to $0.003838 with a market capitalization of $7.54 million. However, its trading volume rose by 73.13% to $7.43 million despite the notable price dip. This spike appears to show a little bit of fluctuation on the market and trading activity.
Another coin associated with Trump is the Doland Tremp (TREMP), which has increased by 24.66% to $0.3766. Market capitalization remained flat at 38,760,000 for this coin. Similarly, TREMP’s trading volume spiked by 235%, which was an indication of strong activity.
On the other hand, Kamala Horris (KAMA) coin has seen a sharp decline. The coin reduced significantly by an average of 92.01% to $0.001039. However, the trading volume of this stock increased by 221.15 % and stood at $10.75 million. A sharp increase in volume shows that there was a lot of interest in trading even when the coin dipped in value.
Kumala Herris (MAWA) experienced an even more drastic drop. The coin declined by 99.44%, settling at $0.00001799. Its market cap reduced to just $20.74K. However, its trading volume increased by 678% to $249.97K, showing high trading activity amidst the price plunge.
These coins’ mixed performance correlates with election dynamics. Trump-themed coins have a stronger trend compared to Harris-themed ones. Volatility with both price and volumes implies that political opinion may play a role in the performance of these assets.
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