Trump-related meme coins soar ahead of his inauguration

As Donald Trump's inauguration approaches, meme coins linked to his name are experiencing notable growth.

MAGA (CRYPTO:TRUMP), the largest of these tokens, has risen by 20% daily, currently trading at around $3.15, according to CoinGecko.

Other Trump-themed tokens, such as Super Trump (CRYPTO:STRUMP) and Trumpie (CRYPTO:TRUMPIE), have also seen double-digit increases.

However, the standout performer among these tokens is MAGA: Fight for Trump (CRYPTO:TRUMPCOIN).

This coin has surged by 215% in the past 24 hours and a staggering 560% over the past week.

These gains come as Trump prepares for his inauguration on January 20, marking his return to the presidency.

The price fluctuations of these Trump-themed meme coins have sparked interest, particularly given their earlier surges before the presidential elections, though many saw corrections following the vote.

In comparison, traditional meme coins like Dogecoin (CRYPTO:DOGE) and Shiba Inu (CRYPTO:SHIB) have seen more modest growth.

DOGE has increased by 2% in the past 24 hours, while SHIB gained 3%.

Industry analysts suggest that DOGE may experience further growth due to Elon Musk's new political involvement, specifically in his role with the Department of Government Efficiency (D.O.G.E.).

Despite the hype around Trump-themed tokens, it remains to be seen whether the "sell the news" effect will occur once Trump takes office, leading to potential market adjustments.

Meme coins tied to Trump are outpacing their more established counterparts, with some even experiencing rapid price spikes.

As the inauguration date nears, many are closely monitoring whether these trends will continue or reverse in the coming weeks.