• 06 November, 2024
Markets News

Trump and Kamala Memecoins Show Mixed Trends Amid Election

Trump and Kamala Memecoins Show Mixed Trends Amid Election

Trump and Kamala-themed memecoins have demonstrated different dynamics during the elections. As of writing, Donald Trump is leading with 267 electoral votes, edging closer to a landslide victory. In contrast, Kamala Harris trails with 224 votes. In response to this, the Trump-inspired coins, including MAGA, Super Trump, and the Donald Trump Coin, are on an upswing. However, there is a clear indication that coins affiliated with Kamala Harris; Kamala Horris and Kumala Herris, saw their popularity plummeting.

MAGA (TRUMP) coin has seen a significant surge of 18.99%, rallying above $384. However, over the last 24 hours, the memecoin dipped by nealrly 7%, trading at $3.08 at press time, with a market cap of $169.13 million. Its trading volume spiked by over 200%, showing high investor interest. MAGA’s strong performance highlights its popularity among supporters.

Meanwhile, Super Trump Coin (STRUMP) saw a decline of 39.63% to $0.003838 with a market capitalization of $7.54 million. However, its trading volume rose by 73.13% to $7.43 million despite the notable price dip. This spike appears to show a little bit of fluctuation on the market and trading activity.

Another coin associated with Trump is the Doland Tremp (TREMP), which has increased by 24.66% to $0.3766. Market capitalization remained flat at 38,760,000 for this coin. Similarly, TREMP’s trading volume spiked by 235%, which was an indication of strong activity.

High-Stakes Bets on Trump and Harris Shake Polymarket Odds

On the other hand, Kamala Horris (KAMA) coin has seen a sharp decline. The coin reduced significantly by an average of 92.01% to $0.001039. However, the trading volume of this stock increased by 221.15 % and stood at $10.75 million. A sharp increase in volume shows that there was a lot of interest in trading even when the coin dipped in value.

Kumala Herris (MAWA) experienced an even more drastic drop. The coin declined by 99.44%, settling at $0.00001799. Its market cap reduced to just $20.74K. However, its trading volume increased by 678% to $249.97K, showing high trading activity amidst the price plunge.

These coins’ mixed performance correlates with election dynamics. Trump-themed coins have a stronger trend compared to Harris-themed ones. Volatility with both price and volumes implies that political opinion may play a role in the performance of these assets.

Bitcoin Reaches New Heights with Trump’s Rising Election Odds
Read Previous

Bitcoin Reaches New Heights with Trump’s Rising Election Odds

Crypto Market Reacts to U.S. Election with Major Gains
Read Next

Crypto Market Reacts to U.S. Election with Major Gains