- Donald Trump’s total crypto holdings have surged by 364%.
- Trump’s winning odds appear to be influencing the crypto market.
The cryptocurrency portfolio of the 2024 U.S. presidential election candidate, Donald Trump has witnessed a substantial increase in value of $6.1 million since the beginning of 2024. According to an Arkham Intelligence report, over 65% of Donald Trump’s current crypto assets consist of meme coins. Among them, the largest position concentrated in the Trump-themed cryptocurrency, $TRUMP.
The correlation of cryptocurrency and politics has forged a new wave in the crypto market with politically themed meme coins. Among these, Trump-themed tokens have taken the public eye, inviting both political supporters and traders. As the 2024 U.S. elections are approaching, Trump’s meme coins are gaining traction in the crypto market.
Will the Trump-Themed Meme Coins Climb?
Donald Trump’s influence on the political scenario and his pro-crypto stance drove the meme coins price to swing. His chances of winning the election have been increasing. Moreover, if Donald Trump wins the election, the meme coin prices could see a significant rise.
Notably, Trump’s betting odds have recently surged for the upcoming presidential election, holding a 16% lead over Democratic candidate Kamala Harris on the decentralized prediction market platform, Polymarket. Currently, his odds of winning stood at 60.5%, while Harris’ chances sit at 39.5%.
Price Momentum of Trump-Themed Meme Coins
Several Trump-themed meme coins, like MAGA, TRUMP, Donald Trump, and MAGA TRUMP have gained momentum over the past 24 hours. MAGA has hit a high of $5.44 over the day, currently gaining over 1%. Meanwhile, its daily trading volume has plunged by 14.41% to $7.33 million. Over the past seven days, the meme coin gained over 9.90%, hitting $5.42.
TRUMP token has soared by 21.23%, trading at $0.00003192 with its trading volume increased by 134%. The upside momentum of the asset over the past week resulted in a gain of over 72.90%. The asset hit a high of $0.00003381.
The Donald Trump coin has recorded a price surge over the past week to date, gaining over 62%. The surge in price resulted in the meme coin hitting $0.005038. At press time, the meme coin is trading at $0.005822 noting an increase of over 32.50%.
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