In recent days, the attack on former president Donald Trump during his campaign announcement triggered significant price movements in the cryptocurrency market. Following this event, many cryptocurrencies, especially Bitcoin, showed an upward trend, drawing attention to Trump and Biden-themed meme coins. So, what is the current status of these meme coins after this period?
MAGA (TRUMP) Price
First, examining the highest volume Trump-themed meme coin, MAGA (TRUMP), it is still far from its past peak of $17.52. However, after a 3% increase in the last 24 hours, the TRUMP price has surpassed $8.3 again, having exceeded $10 right after the attack.
The market cap of TRUMP also experienced a similar rise, reaching $364 million, positioning it at 212th place. On the other hand, the 24-hour trading volume reflected a decline, calculated to be over 74%. After this decline, the 24-hour trading volume stood at $17.9 million. This drop in volume could be interpreted as a shift in investor interest towards fundamental meme coins.
Donald Tremp (TREMP)
Meanwhile, attention also turned to the TREMP price. TREMP continues to find buyers at around $0.5084 after a rise of over 6% in the last 24 hours. Additionally, TREMP pleased its investors with a 50% increase over the past 7 days.
Following these rises, TREMP’s market cap surpassed $51 million again, while the 24-hour trading volume fell to $16 million after a 65% decline. On the other hand, TREMP is still 68% away from its all-time high of $1.65, indicating a long way to go for investors who bought at that level.
Joe Boden (BODEN) Comments
Lastly, things do not seem to be going well for BODEN, the leading Joe Biden-themed meme coin representing the other side of the election. BODEN’s price increased by only 0.45% in the last 24 hours, showing it has lagged behind its competitors.
It should also be noted that BODEN experienced a decline of over 9% in the 7-day view. BODEN’s market cap stands at $21.9 million, while the 24-hour trading volume reached only $6 million after a drop in interest.
