2024 US Presidential Election Sparks Surge in Candidate-Themed Memecoins Amidst Market Turmoil
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Memecoins Surge Amid Election News: The 2024 U.S. Presidential election has led to a rise in memecoins associated with candidates, particularly following President Biden's withdrawal from the race, which caused significant drops in Biden-related coins and a $67 million liquidation in leveraged positions within the crypto market.
Trump and Harris Tokens Perform Differently: While Biden-themed tokens plummeted, Vice President Kamala Harris's related tokens surged due to speculation about her potential nomination, and Trump-themed tokens like MAGA have seen fluctuations linked to recent events, including an assassination attempt on Trump.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
