Donald Trump's McDonald's stunt sent political memecoins soaring. (Photo by Jabin Botsford/Getty Images)
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Key Takeaways
Donald Trump made a surprise appearance at McDonald’s in Pennsylvania.
Several Trump-themed memecoins experienced double-digit gains.
Trump’s McDonald’s visit sparked a meme frenzy on social media.
Former President Donald Trump’s surprise campaign stunt—flipping burgers at McDonald’s—was the recipe for a perfect crypto storm this weekend.
Political memecoins, particularly those seasoned with Trump’s brand, saw their values sizzle and surge by at least double digits.
A McDonald’s Fueled Memecoin Rally
The crypto community was abuzz with the former President’s takeaway window antics, and the Trump-namesake memecoin MAGA (TRUMP) was one of the first to sizzle, rising from a daily low of $3.98 to a daily high of $4.39— a 10% increase.
But the real pièce de résistance was Trump AI, a newly listed memecoin that saw a staggering 168% surge on the 24-hour chart.
Not to be outdone, PEPE TRUMP, another freshly launched memecoin, jumped over 150%.
Existing Trump-themed memecoins also got in on the action, with MAGA VP rising 11% and DADDY TRUMP climbing over 10%.
TRUMP price. Source: CoinMarketCap.
From Flipping Burgers To Flipping Election Odds
The memecoin mania sparked by his burger-flipping stunt helped the former President turn up the heat on his opponents, and his election prospects are better than ever.
According to Polymarket, Trump’s odds of winning the election have increased by 2%, widening his lead to nearly 22%.
Donald Trump vs. Kamala Harris odds. Source: Polymarket
His chances of winning a second presidential term on Polymarket now stand at 61.3% against Vice President Kamala Harris, who trails at 38.6%.
After lagging behind Harris for months, Trump’s chances got a significant boost in early October, partly thanks to Elon Musk’s endorsement.
Moreover, the former President’s McDonald’s stint has also impacted swing state markets. With only three weeks to go until the election, Trump is now favored to win six out of seven critical swing states.
Donald Trump odds in swing states. Source: Betfair
Prashant Jha is a seasoned crypto journalist based in Delhi, India, with a Bachelor’s Degree in Computer Science Engineering. Passionate about the evolving world of blockchain and cryptocurrencies, he has been a dedicated voice in the industry since 2018. Prashant’s expertise lies in regulatory reporting, where he unravels complex legal and financial developments with clarity and precision. Before joining CCN in 2024, he honed his craft at Cointelegraph, establishing himself as a trusted name in crypto journalism.
His coverage spans major industry events, including the high-profile collapses of FTX, Three Arrows Capital (3AC), and LUNA, offering readers insightful analyses of their regulatory and market implications. Prashant’s technical background enables him to bridge the gap between intricate blockchain technology and its real-world applications, making his work accessible to novices and experts.
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