Donald Trump, who ran for victory in the US presidential elections, brought about sharp declines in the altcoin market.
Making a big difference in the US presidential elections Donald Trump, made the cryptocurrency market rise. But some altcoins showed the opposite price movement. As expected, “Sell the news” took place and it was Donald Trump themed. memecoinSharp decreases were observed in . While the cryptocurrency market, especially Bitcoin, was rising, the sharp decline of tokens in the PolitiFi category surprised investors.
1- Maga (TRUMP)
MAGA, which has the highest market value among Donald Trump-themed memecoins, lost 31.9 percent of its value in the last 24 hours. With this decline, the popular PolitiFi coin, which fell to a market value of 107 million dollars, naturally upset its investors. TRUMP’s trading volume in the last 24 hours is 97 million dollars.
2- MAGA Hat (MAGA)
Another Donald Trump-themed memecoin, MAGA, dropped 43.5 percent in the last 24 hours. PolitiFi coin, which fell to a market value of 43 million dollars in a short time, rang alarm bells. As long as Donald Trump is not on the agenda, it may not be right to expect an upward movement from MAGA.
3- Doland Tremp (TREMP)
TREMP, inspired by Donald Trump, dropped by 37.2 percent in the last 24 hours. TREMP, which was exposed to selling pressure as Trump approached the election, retreated to $ 0.1846. TREMP’s current market value is $18.4 million. The 24-hour trading volume is 48.9 million dollars.
