Donald Trump, who was running for victory in the US presidential election, brought a huge fall in the altcoin market.
A huge difference in the US presidential election Donald TrumpThe cryptocurrency market increased. But some altcoins showed opposite price movement. As expected, “sell the news” happened and the theme was Donald Trump. memecoinA rapid decline was observed in While the cryptocurrency market, especially Bitcoin, was booming, the severe shortage of tokens in the politi-fi category surprised investors.
1- Sleep (Trump)
MAGA, which has the highest market value among Donald Trump-themed memecoins, lost 31.9 percent of its value in the past 24 hours. With this decline, the popular PolyFi coin, whose market value fell to $107 million, naturally upset its investors. TRUMP’s trading volume in the last 24 hours is $97 million.
2- Mega Six (You)
MAGA, another Donald Trump-themed memecoin, fell 43.5% in the last 24 hours. PolyFi Coin, which dropped to a market value of $43 million in a short period of time, raised alarm bells. Unless Donald Trump is on the agenda, it wouldn’t be fair to expect upward movement from MAGA.
3- Doland Trump (TREMP)
Donald Trump-inspired TREMP fell 37.2% in the last 24 hours. TREMP, which had been under selling pressure as Trump’s election approached, retreated to $0.1846. TREMP has a current market value of $18.4 million. The 24-hour trading volume is $48.9 million.
This article does not contain investment advice or recommendations. Every investment and trading venture involves risk, and readers should do their own research when making decisions.
