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Trump-themed MAGA memecoin rallies after his pro-crypto comments

Trump-themed MAGA memecoin rallies after his pro-crypto comments

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Source: Coin Telegraph

Politically themed memecoins defy the crypto market’s drab performance by rallying in excess of double-digit gains.

Trump-themed memecoin MAGA (TRUMP) surged as much as 78% on May 9 following Republican presidential candidate Donald Trump’s comments on cryptocurrencies. 

Data from Cointelegraph Markets Pro and TradingView shows MAGA trading at $6, up 46% over the last 24 hours.

Its 24-hour trading volume has jumped 620% to rest at $281.8 million, and with a market cap of $281.8 million, TRUMP is ranked at position 248 at CoinGecko. At the time of publication, the token was the 13th largest memecoin by market capitalization.

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Author: Nancy Lubale