MEXC3 Reasons Why Trump Meme Coins Are Suddenly Up Today?
Highlights
- Trump tokens are experiencing a major surge, with TRUMP achieving a 94871% rally in 3 days.
- Remaining Trump meme coins like MAGA, STRUMP, and others are on the same rally thanks to Trump building pro-crypto adminstration.
- David Sacks' appointment as the White House A.I. and Crypto Czar is mainly boosting these tokens.
With Donald Trump winning the US elections and his inauguration as the 47th US President scheduled in January 2025, he is already placing the pro-crypto people on his side for this presidency. This is a complete political shift, especially with Trump acknowledging the crypto industry, which assisted him in this win. Interestingly, with his win, the crypto market began experiencing a rally, continuing to this day. In this, the Trump meme coins also faced a boost, increasing their demand. However, this boost is not constant, as it is too far from their prime days, but today is different as they are all up after significant recoveries.
Donald Trump Meme Coins On The Rise
With Donald Trump changing his perspective on the crypto industry, creators are launching more and more Trump-themed meme coins to the crypto market. More importantly, these are gaining significant attention, as they are highly volatile and pump easily with Trump-related news. Today, all the major Trump meme coins are up, including tokens like MAGA, TRUMP, STRUMP, and others per CoinmarketCap.
In this, the MAGA (maga-hat.vip) is on a week-long rally, where the price has surged 76%. More importantly, it has gained 13% of its value in the last 24 hours, currently trading at $0.000102 with market capitalization and trading volume of $39.83M and $17.41M.
The next in line is the Crypto President Trump (TRUMP), launched just three days ago. In this period, the token has surged 94871%, showcasing high demand. In the last 24 hours alone, its value has surged 506%, currently valued at $0.01024. Additionally, its market capitalization and trading volume are at $901.91M and $28.34M.
Super Trump Coin (STRUMP) is also following a major rally, as the price has surged more than 29% today. This surge is because of the increased trading activity for the token, as the 24-hour trading volume has surged 594% to $4.80M. Presently, it is trading at $0.002557 with a market capitalization of $4.70M. Interestingly, the same is the case with many other Trump meme coins, confirming an increased demand for this category of tokens.
3 Reasons Why Trump-Themed Meme Coins Are Bullish Today
Despite their association with Donald Trump, these Trump-themed meme coins are not always bullish and have declined from their prime. However, the building momentum and the upcoming Trump inauguration can push these tokens to new highs. For now, today’s surge in Trump tokens is surprising, but these three factors made that happen.
1. Donald Trump Crypto Czar David Sacks
The biggest reason behind the ongoing Trump meme coins surge is Donald Trump appointing David Sacks as the White House A.I. and Crypto Czar. David is a venture investor and podcaster and has already begun showing interest in crypto regulation. As a crypto czar, David’s main role is to build a crypto’s legal framework. This news itself is increasing trust in the crypto industry.
2. Pro-Crypto Administration
Donald Trump has appointed many crypto-friendly associates for this term. It includes picking Paul Atkins for the SEC Chair position. As a result, the excitement is increasing among investors to witness better regulations in this pro-crypto administration. Many industry experts have openly acknowledged that Gary’s leadership has restricted the crypto industry’s growth. With Trump working on his 11 crypto industry promises, including turning the US into crypto capital, investors are eyeing higher gains with Trump-themed tokens.
3. Crypto Market Rally & FOMO Returning To Trump Meme Coins
On December 5, 2024, Bitcoin price created a new ATH at $103,900.47, crossing the $100k mark. The token has been bullish for weeks and maintained the crypto market rally. The impact is also visible in the Trump-themed meme coins, as FOMO is building for these tokens. Donald Trump also congratulated the industry for this achievement and took some credit, writing, “YOU’RE WELCOME!!!
Although the Bitcoin price has moved down to $99.5k, the user’s sentiments are ‘extremely bullish, which may lead to further gains.
Final Thoughts
The crypto market is in the prime of 2024, and investors are anticipating this rally to turn into a bull run. With the ‘extremely bullish sentiments,’ and Trump building the pro-crypto administration, the cryptocurrencies are bullish, including the Trump meme coins. More importantly, Donald Trump has appointed David Sacks as the White House A.I. and Crypto Czar, so transparent and crypto-favorable regulations might be coming next. As a result, investors are focusing on the Trump-themed meme coins in anticipation of their future rallies with the Trump administration.
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