Trump memecoin massacre: Tokens plummet 50% after US election victory
Most of the Donald Trump-themed memecoins have tanked while the rest of the crypto market continues to gain.
Donald Trump-themed memecoins collapsed the day after Trump’s election victory in the United States on Nov. 6 and a broader surge in the crypto markets, which included a new Bitcoin all-time high.
The leading Donald Trump-themed memecoin by market capitalization, MAGA (TRUMP), spiked to $4.60 on Nov. 6 when the election results were declared but tanked 53% over the past 24 hours to just $1.87 at the time of writing, according to CoinGecko.
MAGA/USD 24 hours. Source: CoinGecko
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Author: Martin Young
