Exploring the Uptick in Politics-Themed Meme Coins After Trump’s Appearance
Former U.S. president Donald Trump’s presence at the Libertarian National Convention triggered a surge in meme coins with political themes.
MAGA Hat (MAGA) Cryptocurrency
- The MAGA Hat (MAGA) digital asset witnessed a remarkable increase of over 150% within 24 hours.
MAGA (TRUMP) Meme Coin
- The MAGA (TRUMP) meme coin also saw a rise of 12.7% during the same period.
ConstitutionDAO (PEOPLE) Token
- The ConstitutionDAO (PEOPLE) token, initially a governance token for a project aiming to buy the U.S. Constitution but now transformed into a politics-themed meme coin, observed a growth of 4.7%.
Trump’s Stance on Crypto
- During his speech, Trump expressed support for cryptocurrencies and promised to commute the sentence of Silk Road founder Ross Ulbricht if elected.
Trump’s Pro-Crypto Stance
- Trump positioned himself as a pro-crypto candidate, emphasizing his opposition to Joe Biden’s anti-crypto policies and the establishment of a U.S. central bank digital currency (CBDC).
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