Memecoins
Trump and Biden meme coins surge after Trump meets with NFT holders
Meme coins inspired by current US President Joe Biden and former President Donald Trump have seen increases in the past 24 hours after Trump talked about cryptocurrencies at his NFT holders’ dinner.
CoinMarketCap data reveals that the Trump-themed meme coin, MAGA (TRUMP), skyrocketed by more than 44%. Likewise, Jeo Boden (BODEN), a coin with an incorrect reference to President Joe Biden, rose more than 22%.
24 hour price of BODEN from CoinMarketCap
CoinMarketCap The Meme Coins Market Cap category page identified the top three meme coin gainers over the past 24 hours: Donald Tremp is up 122%, MAGA is up 44%, and Jeo Boden is up 22%.
In contrast to these gains, Bitcoin (Bitcoin) was trading at around $60,800, reflecting a 2.4% decline over the same period. Ethereum (ET) declined, falling more than 1.4% to around $2,950.
The presidential themed gathering meme coins comes after trump announced Wednesday that it plans to accept cryptocurrency for campaign donations.
Plus video clips published to X by anonymous NFT holder DeGods Malcolm, the former president addressed a group of NFT buyers, expressing his support for cryptocurrency donations.
“If you can’t, I’ll make sure you can,” Trump said in a speech. “Can we donate to the Trump campaign using cryptocurrencies? I think the answer is yes.”
The announcement fueled a surge in Trump-inspired meme coins, underscoring the growing intersection between cryptocurrency and political fundraising.
Trump has had many efforts in the crypto space, including the offering NFT Cards through multiple chains, striking CBDCit is near to $3 million in cryptocurrency holdings.
TRUMP 24 hour price from CoinMarketCap