Political Meme Coins: Trump’s Victory Sparks Massive Gains for Top Tokens

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The recent U.S. presidential election victory for Donald Trump has pushed political-themed meme tokens into the spotlight. These tokens are experiencing wild price swings while the broader cryptocurrency market enjoys a major bull run. Pioneer cryptocurrency Bitcoin hit a new ATH of $93,400 pushing the global crypto market cap to $3.06 trillion. In parallel, PolitiFi coins have seen their total market cap surge to $2.09 billion.

Top 5 Largest PolitiFi Coin

1. Peanut the Squirrel (PNUT)

Leading the PolitiFi coin market is Peanut the Squirrel (PNUT), with a market cap of $1.71 billion. Over the past week, PNUT has surged 261%, trading around $1.71. What took PNUT to the top of the list is Peanut’s tragic death, called a “murder” by many, which shocked the internet.

Backed by Elon Musk and Donald Trump, the coin’s value soared to $1.9 billion, ranking in the top 70 cryptocurrencies.

2. ConstitutionDAO (PEOPLE)

Coming in second is ConstitutionDAO (PEOPLE), with a market cap of $325.6 million and a current price of $0.0644. PEOPLE has seen a massive 494.3% rise in value this year. Initially launched to bid for an original copy of the U.S. Constitution in 2021, the project ended after losing the auction but remains strong in the PolitiFi token space.

3. MAGA (TRUMP)

MAGA (TRUMP) holds the third spot with a market cap of $62.9 million, although it has dropped 16.91% in the past week. The token peaked at $789.8 million in June and has still achieved a stunning yearly gain of 1,350.9%.

4. MAGA Hat (MAGA)

MAGA Hat (MAGA) is fourth on the list, with a market cap of $24.5 million. It recently dropped from nearly $50 million, though its value spiked when Trump won his second presidential term. However, the coin hit an ATH of $232.4 million in May, similar to MAGA (TRUMP).

5. Super Trump Coin (STRUMP)

Finally, Super Trump Coin (STRUMP) claims the fifth spot with a market cap of $4.1 million. It has seen a 50% drop in the past week, which experts attribute to fading excitement over Trump’s win.