Politically themed memecoins defy the crypto market’s drab performance by rallying in excess of double-digit gains.
Trump-themed memecoin MAGA (TRUMP) surged as much as 78% on May 9 following Republican presidential candidate Donald Trump’s comments on cryptocurrencies.
Data from Cointelegraph Markets Pro and TradingView shows MAGA trading at $6, up 46% over the last 24 hours.
Its 24-hour trading volume has jumped 620% to rest at $281.8 million, and with a market cap of $281.8 million, TRUMP is ranked at position 248 at CoinGecko. At the time of publication, the token was the 13th largest memecoin by market capitalization.