Memecoins
Memecoins Tied to US President See Sharp Surge After Trump NFT Rally
Memecoins Tied to US President See Sharp Surge After Trump NFT Rally
Over the past 24 hours, memecoins inspired by former and current US Presidents Donald Trump and Joe Biden have seen significant increases in value. CoinGecko data reveals Trump-inspired memecoin MAGA (ASSET) saw a remarkable increase of over 44% during this period. In addition, Jeo Boden (BODEN)a piece with a misspelled reference to outgoing President Joe Biden, saw an increase of more than 22%.
The recent rally of presidential election-related memecoins coincides with Trump’s announcement Wednesday regarding his acceptance of cryptocurrency for campaign donations. At the rally, held by Trump on a day off from his trial, the former president assured attendees: “If you can’t, I’ll make sure you can.” He confidently stated that he believed individuals could donate to the Trump campaign using cryptocurrency.
In addition to his campaign donation plans, Trump used the opportunity to criticize President Joe Biden’s understanding of cryptocurrency. He claimed that Biden “doesn’t even know” what crypto is and urged cryptocurrency supporters to vote for him, saying: “If you like crypto in any form, and it comes in many different forms, if you are in favor of crypto you better vote for Trump.
Responding to a question about keeping crypto businesses in the United States, Trump emphasized his commitment to keeping them in the country. He expressed concern about any potential relocation of crypto companies due to hostility towards the industry, stating: “If crypto leaves the United States because of hostility towards crypto… well, we will stop him. We don’t want that. . If we want to accept it, we have to let them be here. »