TRUMP, along with other Donald Trump-inspired meme coins, saw their prices plummet on Thursday when a US court found the former US president guilty of 34 felony counts. However, the dips were short-lived. TRUMP quickly regained its losses on Friday and even went higher the following day to record a new peak price.
According to data from CoinGecko, the meme coin is up 28% in the past 24 hours to trade at $17.02 as of this writing. It has surged 102% over the last seven days and posted 30-day gains of 286%. Moreover, TRUMP’s market cap has increased to $884 million, making the token the 131st largest crypto asset and the 1st under the “PolitiFi” coin category.
Joe Biden-Themed Meme Coin Record Dips
Meanwhile, most Joe Biden-inspired tokens have experienced dips over the last 24 hours. For example, the largest one by market cap, Jeo Boden, has dropped by 6.9% to change hands for $0.27 at press time. The Solana-based meme coin now has a market cap of $187.69 million.
The TRUMP meme coin has performed exceptionally well in recent weeks as Donald Trump continues to embrace crypto. Notably, the former US president publicly criticized Bitcoin in 2021, calling it a scam. However, he recently changed his tune and now calls for clear regulations to enable the advancement of cryptocurrencies.
Trump Accepts Crypto Donations in SOL, DOGE, BTC, and ETH
What’s more, he has launched several NFT projects since 2022. He also said last month that he was open to accepting crypto donations via well-known digital currencies like Dogecoin, Solana, Ethereum, and Bitcoin. Trump’s wallet holding his NFTs has 579,000 TRUMP, sent by the token’s developer in 2023. Based on the meme coin’s current price, these tokens are worth over $9.8 million.
Trump has promised his supporters that if elected in November, one of his priorities would be to push for the establishment of a crypto regulatory framework, which he believes would keep blockchain companies in the United States. Most American crypto-based firms have moved their headquarters overseas due to what they term “unfriendly regulatory environment” in the US.
SureTradeGroup.com is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Some of the content on this site is paid content that is not written or posted by our writers or editors and the opinions expressed do not reflect the opinions of this website. Any disagreement you may have with brands or companies mentioned in articles will need to be taken care of directly with those specific brands and companies. The responsibility of anyone who may click links in our articles and ultimately sign up for that product or service is their own. Forex, Stocks, Cryptocurrencies, NFTs and Dogital Tokens are all a high-risk asset, investing in them can lead to losses. Readers should do their own research before taking any action.