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- Memecoins inspired by former and current US presidents Donald Trump and Joe Biden have seen a surge in the last 24 hours.
- The crypto agenda was ignited by statements made by former US President Donald Trump.
- Trump’s positive remarks about the crypto ecosystem have led to significant changes in memecoins.
Explore the recent surge in memecoins inspired by US presidents Donald Trump and Joe Biden, and understand the impact of their statements on the crypto industry.
Donald Trump Back in the Crypto Spotlight
The memecoin rally related to the presidential election came after Trump suggested that crypto could be used for campaign donations. Periodically making headlines with his remarks about the crypto industry, Trump has once again stirred the agenda. In a speech, Trump responded to various questions, stating, “If you can’t do it, I’ll make sure you can.” He further added, “Can we donate to the Trump campaign using crypto? I believe the answer is yes.”
Activity Continues in Memecoins
According to CoinGecko data, the MAGA (TRUMP) memecoin inspired by Trump saw an increase of over 44% during this period. On the other hand, Jeo Boden (BODEN), a nod to current President Joe Biden, increased by more than 22%. Analysts at Wintermute observe a rapid flow of money in memecoins. The GMCI index, which includes memecoins in terms of market value, increased by about 9% last week. According to CoinGecko’s statistics, the top three memecoin winners in the last 24 hours were Donald Tremp with a 122% increase, MAGA with a 44% increase, and Jeo Boden with a 22% increase.
Conclusion
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making decisions.
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