MAGA, STRUMP, TREMP rally amid increasing odds of a Trump victory
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: crypto
Updated: Oct 17 2024Surge in Trump-themed Meme Coins: As the likelihood of Donald Trump winning the 2024 election increases, meme coins inspired by him, such as MAGA Hat and Dark MAGA, have seen significant price surges, contributing to a total market cap of over $853 million for political-themed tokens.
Impact of Political Events on Token Value: The rise in these tokens is often linked to election cycles, with traders viewing them as "event coins" that may experience short-term gains during political milestones, while their long-term viability remains uncertain.
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.
