Reported 11 months ago
Former President Trump has surged ahead of President Biden in the realm of political meme coins. Tokens linked to Trump have seen a significant increase in volume and value as the U.S. presidential election draws near. Most of the top 10 political meme coins are associated with Trump, while only one, 'Jeo Boden', is related to Biden. These meme coins are highly speculative and driven by attention cycles, with Trump's tokens gaining more traction as the election approaches. The market value of these political tokens is just a fraction of the broader crypto market, and many are traded in ether or solana pairs on smaller exchanges. Traders are betting on Trump's victory in the upcoming election, and the popularity of political figures plays a key role in the success of these tokens.
Source: YAHOO