Trump Memecoin Price: Movement After Milwaukee Rally
2024-11-05Bittime - The Trump Memecoin price experienced drastic fluctuations after the Milwaukee rally. Find out the price movements of TrumpCoin, MAGA Coin, and Trump Inu and the reasons behind these changes.
The price of Memecoin Trump experienced significant movement after Donald Trump's rally in Milwaukee was marred by technical problems and controversy. Some of the Trump-themed memecoin recorded an increase, while others actually declined.
The rally seemed to influence investors' outlook, causing a spike in some coins, including TrumpCoin, while others experienced sharp declines.
TrumpCoin Rises 40% Amid Rally Failure
DAmong the various Trump memecoins, TrumpCoin was in the spotlight with a price increase of up to 40% after the rally. This increase attracted the attention of investors who previously supports Trump-themed coins due to the former president's interest in digital currencies and pro-crypto statements.
TrumpCoin is one of the coins that managed to survive amidst the negative sentiment of several other meme coins, showing a positive response from investors to this project even though Trump himself attracted controversy at the event.
Also read: 5 Best Memecoins Throughout 2024, You Must Know!
MAGA Coins and MAGA Hats: Experiencing a Drop
In contrast to TrumpCoin, MAGA Coin and MAGA Hats actually experienced a significant decline in price. MAGA Coin, designed as a symbol of campaign support "Make America Great Again," saw its price drop by 4.6% last Saturday.
The coin has long been considered a collectible and a sign of political allegiance for Trump fans. Even so, the price drop shows that investor sentiment towards this coin has weakened after the rally.
Meanwhile, MAGA Hats, inspired by Trump's red campaign hats, experienced a sharper decline of up to 19%. This decline shows a negative reaction from investors who are dissatisfied with the current situation around Trump, which also influenced the price of this coin.
Trump Inu: Dog-Themed Memecoin Also Slumps
SApart from TrumpCoin and MAGA Coin, Trump Inu, which combines Trump's popularity with dog-themed meme coins like Shiba Inu, also recorded a price drop. This coin drops 11.7% on the same day.
This decline may be due to crypto market uncertainty as well as a decline in interest in newer Trump-themed memecoins amidst volatile political conditions.
The Impact of Trump's Crypto Startup Failure, World Liberty Financial
SApart from memecoin, Trump's crypto startup, World Liberty Financial (WLFI), also experienced problems. WLFI initially targeted $300 million in fundraising, but only be achieved his target of $30 million after low investor interest.
This failure helped strengthen the uncertainty surrounding various Trump-related crypto projects, which had an impact on the performance of several memecoins.
Conclusion
Changes in the price of Trump-themed memes reflect fluctuations in sentiment among these circles vectors after Trump's rally in Milwaukee. The prices of Trump Memecoins such as TrumpCoin rose sharply, while MAGA Coin and Trump Inu declined.
The failure of the World Liberty Fi project financial further amplifies the volatility of this memecoin price. For investors interested in the Trump memecoin, this price change could be an important signal to reconsider risks before investing.
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