The US electoral scene has seen dramatic changes, with Joe Biden stepping away from re-election and Donald Trump’s declaration of his resignation.
This has led to a boom in Trump-based meme coins, with several tokens enjoying favorable price fluctuations. The backing of Donald Trump inside the crypto world, including his endeavors and NFT collections, has contributed to this spike.
Solana-based Trump meme coins, including Trump (TRUMP), Doland Tremp (TREMP), and Trump Coin (DJT), have witnessed large price jumps, with TRUMP jumping by 37% and DJT by 5%.
TREMP has also witnessed over 6% gain. On the Ethereum blockchain, Trump-based meme coins like Super Trump (STRUMP) and Maga Hat (MAGA) have seen positive price swings.
The US elections have impacted the crypto sector, with the market getting attention from mainstream media and political events influencing volatility in bitcoin pricing.
Trump’s posture as the ‘crypto president’ and his efforts to make the US a leading nation in cryptocurrency have had favorable consequences for the sector, boosting regulations.
Traders have also made huge earnings trading Trump-based meme coins, with GCR making over 8 million profits. The recent nomination of JD Vance as Trump’s Vice President has also led to optimistic possibilities.
