As we reported as Kriptokoin.com, the cryptocurrency market is experiencing serious activity as the US presidential election results approach. In addition to the fluctuations in Bitcoin and Ethereum prices, there is a new influx of memecoins on the market. In the last 24 hours, memecoins, especially politically themed ones, have started to attract attention in the market. This week, coins such as DOGE, ELON, MAGA and DJT were among the most talked about.
THESE Memecoin Projects Stand Out
According to Santiment, several memecoins, especially those with political content, quickly became trending on social media. Among these, Dogecoin (DOGE), Dogelon Mars (ELON) and tokens based on political figures such as MAGA and DJT stand out. The fact that Donald Trump leads the election race with 51.7% and Kamala Harris follows him with 47.5% further increases the interest in these themed coins. With Trump’s rise to prominence, tokens linked to him quickly became popular. There was also great interaction on social media.
Election updates and rising interest on social media made these tokens more prominent. On the one hand, the public focused on the election, and on the other hand, they showed interest in these popular memecoin projects. It contributed to the mobilization of the market. Thus, election news also finds its place in the crypto world.
Election-Themed Memecoin Projects Flood the Crypto Market
Election-themed tokens flooded the crypto market. More than 40 Trump-related tokens have entered the market on the Ethereum network. More than 100 tokens appeared on Solana. This wave caused a serious movement in the market. More established tokens such as MAGA and KAMA began to see heavy trading. In particular, the market value of MAGA token exceeded 150 million dollars. The Kamala Harris-themed KAMA token fell 50% after rising 150% on November 1.
This new token wave attracts the attention of investors and signals active days in the market. These rapid increases and decreases clearly reveal the impact of the election atmosphere on memecoin projects. These types of tokens, which enter the market during the election period, cause investors to trade quickly with the expectation of high profits.
Value Increase in PolitiFi Token Market: Exceeded 600 Million Dollars
The election-related token craze is not new. However, as the elections approached, interest in such tokens increased. The total market value of these politically themed coins, called “PolitiFi” meme projects, exceeded $600 million. Among these, ConstitutionDAO’s PEOPLE token leads with $347 million. Additionally, interest in MAGA-themed coins is increasing.
These political memecoin projects, which have become popular in the crypto market since September, once again reveal the impact of large-scale real-world events on the crypto market. Both the impact of the US elections and the market’s sensitivity to political events bring new opportunities and risks in the crypto world.
