In his campaign, Donald Trump, the former US president, made some crypto-friendly comments that led to the surge of several memecoins. In this article, we will explore some of his remarks and the memecoins that were positively affected by them.
Trump Campaign Continues: Former US President Asks for Crypto Donations
The former president of the United States, who is currently among the top candidates in the upcoming US presidential elections, in his campaign, disclosed he is open to accepting crypto payments. According to a report from Forbes India, Donald Trump is currently accepting crypto for those who want to support his campaign with donations. When asked if he would accept crypto, he said:
“I believe the answer is yes. If you can’t do it, I’ll make sure you can.”
This is just one of the several crypto-friendly comments that the former US president made. In fact, he even said that if any American citizen was in favor of cryptocurrencies, they should vote for him instead of other candidates. “If you’re in favor of crypto, you better vote for Trump,” he declared in one of the campaigns.
Trump Campaign Drives Memecoin Frenzy
Trump’s comments about the crypto industry had a massive influence on the memecoin sector, leading to an enormous surge for memecoins linked to the US president. Tokens like Super Trump, MAGA, and Baby Trump were among the affected memecoins. Below, we will discuss more about the bullish trends due to Trump’s comments.
Doland Tremp
The memecoin Doland Tremp is comfortably the most boosted memecoin due to Trump’s crypto-friendly comments. At press time, there’s been a massive surge of more than 60% in the past 24 hours. Moreover, its weekly and monthly charts maintain a 40% and 120% increase, respectively.
MAGA
The MAGA token was one of the most affected tokens, with several metrics such as market valuation, trading volume, and price experiencing an increase. Starting with the price, MAGA rose 110% within seven days. Within that period, the market capitalization of this token surged to $400 million, representing a 20% increase in the past 24 hours. Also, the trading volume was bullish, with traders splashing more than $18 million.
Baby Trump
Behind MAGA comes Baby Trump, which has remained profitable in the daily, weekly, and monthly price charts. Apparently, there’s more than a 9% and 11% increase, respectively, in the weekly and monthly charts. Although low, the market valuation of this memecoin is growing steadily after pumping to $1.8 million.
Super Trump
When Trump made crypto friend comments on his campaign, Super Trump was one of the memecoins that he immediately appreciated. However, the volatility of the crypto market has had its effect, as seen in the 4% decline in the weekly chart. Nevertheless, the monthly chart of this token still shows a 10% increase, with the market valuation standing at over $7 million.
Conclusion
The Republican presidential candidate, Donald Trump, has been going around the United States campaigning. So, some of these crypto-friendly comments led to a memecoin frenzy in the crypto market, leading to the surge of Trump-linked memecoins. Tokens such as Doland Tremp, MAGA, Super Trump, and Baby Trump have massive gains, with some of them exceeding over 100%. Nevertheless, traders and investors should be careful as memecoins are known to be highly volatile.
Cover Image source from Microsoft Designer
The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from cryptonewsbytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from the company.
