Top Donald Trump Memecoins Slide Despite Former President’s White House Comeback

• Popular Trump-themed memecoins are down up to 50% after feverish overnight trading.
• PolitiFi markets have seen almost $1 billion in 24-hour trading volumes.
• The Kamala Horris memecoin is down 91.7% and has a market cap under $1 million.

The top five Trump-themed memecoins by market cap have experienced relatively heavy losses as the U.S. Presidential Elections conclude with a historic victory from Donald Trump.

Trump Memecoins

Despite being “cryptos President” with enormous support from the industry and community, Trump-theme tokens have suffered losses despite their figurehead’s success.

With a market cap exceeding $105 million, MAGA (TRUMP) is the most popular Trump-themed token. The token climbed to a high of $4.63 in the early hours before plummeting 33.2% to $2.30 at the time of writing.

MAGA Hat (MAGA) also suffered sizeable losses, dropping 37.3% in value and seeing its market cap crumble from over $80 million to roughly $43 million in a matter of hours.

Doland Tremp (TREMP) also fell significantly in recent hours, plummeting 41% from a recent high of $0.43 to around $0.18, and lost approximately $25 million from its market cap.

Dark MAGA (DMAGA) saw the most significant price gains overnight, climbing from $0.008 to $0.02 overnight. It has since collapsed below pre-election prices and is trading at $0.007, shedding over $10 million from its market cap.

Super Trump (STRUMP) dropped 52.8% in value from just above $0.007 to $0.002 in recent hours, and it also shed around $10 million from its market cap.

Lesser known memecoins such as Corn (CORN) and MAGA Coin BSC (MAGA) grew over 30% last night, though tokens exist more on the micro-cap/shady contracts degen side of memecoin trading.

PolitiFi Down

Overall, the PolitiFi space is down 12.9% despite trading volumes skyrocketing. In anticipation of the election, many new, low market cap memecoins were produced to capitalize on the hype.

However, it’s worth noting that there was feverish trading activity overnight as election results dripped in State by State.

Ultimately, all that buying pressure had to pop at some point, and many other Trump-themed tokens exploded in value.

The PolitiFi market, though rife with useless and highly speculative memecoins, has seen almost $1 billion in 24-hour trading volumes.