Trump-themed meme coins surge after former president's interview
Meme coins inspired by former President Donald Trump have experienced a significant surge in value after an interview he conducted with his family on X Spaces.
During the discussion, Trump criticised his political opponent Kamala Harris and voiced strong support for cryptocurrencies, which led to a notable rise in the value of several Trump-themed meme coins over the past 24 hours.
This trend reflects the growing intersection between politics and digital assets.
In the September 17 interview, Trump referred to Harris as a Marxist Communist and warned that crypto startups could face significant challenges if he does not win the presidency.
His endorsement of cryptocurrencies and his previous involvement in non-fungible token (NFT) projects seem to have boosted investor sentiment in coins themed around him.
The meme coin MAGA (CRYPTO:TRUMP) rose more than 10% against the U.S. dollar following the interview.
Other Trump-themed tokens, such as Maga Hat (CRYPTO:MAGA) and Doland Tremp (CRYPTO:TREMP), saw gains of 9.6% and 7.9%, respectively.
Even Super Trump (CRYPTO:STRUMP) recorded a 2.7% increase.
Additionally, other politically themed coins gained traction.
The crypto asset Fight to MAGA (CRYPTO:FIGHT) surged by 68%, while Maga Again (CRYPTO:MAGAA) climbed 11% within a day.
Meme coins associated with Trump’s political rivals also saw modest gains, with Kamala Horris (CRYPTO:KAMA) increasing by 3.4% and Jeo Boden (CRYPTO:BODEN) rising by 4.9%.
The sharp rise in these meme coins underscores the impact of political statements on the digital asset market and the potential for further volatility as the 2024 presidential race unfolds.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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