Political Meme Coins Dominate Crypto Markets After Trump Win
Mustafa Mulla19 Nov 20243 min read
The recent U.S. presidential election victory of Donald Trump has pushed political-themed meme tokens, sparking massive price swings across the market. As Bitcoin hits new heights, topping $93,400 and pushing the global crypto market cap to $3.06 trillion, these PolitiFi coins are also in the spotlight.
With a combined market cap of $2.09 billion, these tokens have caught the attention of both crypto enthusiasts and political followers alike. Which coins are leading the charge?
Keep reading to find out!
Top 5 Largest PolitiFi Coins
1. Peanut the Squirrel (PNUT)
Leading the PolitiFi coin market is Peanut the Squirrel (PNUT), with a market cap of $1.71 billion. Over the past week, PNUT has surged 261%, trading around $1.71. What took PNUT to the top of the list is Peanut’s tragic death, called a “murder” by many, which shocked the internet.
Backed by Elon Musk and Donald Trump, the coin’s value soared to $1.9 billion, ranking in the top 70 cryptocurrencies.
2. ConstitutionDAO (PEOPLE)
In second place is ConstitutionDAO (PEOPLE), with a market cap of $325.6 million and a price of $0.0644. PEOPLE has seen an extraordinary 494.3% price increase this year. The token was initially launched in 2021 with the goal of purchasing an original copy of the U.S. Constitution, but after losing the auction, the project ended.
Despite that, ConstitutionDAO has remained strong in the PolitiFi space, driven by its community’s dedication.
3. MAGA (TRUMP)
MAGA (TRUMP) holds the third spot with a market cap of $62.9 million, though it has dropped 16.91% in the past week. The token hit a peak of $789.8 million in June, but despite the recent decline, it has posted a remarkable yearly gain of 1,350.9%.
MAGA (TRUMP) remains a powerful force in the political meme coin market.
4. MAGA Hat (MAGA)
MAGA Hat (MAGA) is in fourth place, with a market cap of $24.5 million. Although it has dropped from nearly $50 million, MAGA Hat’s value spiked when Trump won his second term. The token hit an ATH of $232.4 million in May, reflecting the same energy seen in MAGA (TRUMP), but it has faced a decline since then.
5. Super Trump Coin (STRUMP)
Super Trump Coin (STRUMP) takes the fifth spot with a market cap of $4.1 million. It has seen a 50% drop in the past week, likely due to waning excitement over Trump’s win.
While still part of the meme coin boom, STRUMP will need a fresh catalyst to regain the momentum it once had.
Top Gainers in the Last 24 Hours
- Crypto Emperor Trump (TRUMP): +538%
- Triumph Of MAGA (MAGA): +206%
- MAGA (PEOPLE): +118%
- PEPE (TRUMP): +90%
- Donald J Trump (DJT): +39%
Top Losers in the Last 24 Hours
- TRUMP MEME: -100%
- TRUMP AI: -63.65%
- Trump ERA: -52%
- Chief D.O.G.E (CDOGE): -38%
- Department Of Gov Efficiency (DOGE): -35.65%
As political meme coins continue to gain attention, the next few weeks will be crucial in determining whether these tokens can maintain their rapid growth or if the market will see further volatility.
