- While some, like MAGA Hat (MAGA), have increased by more than 40%, MAGA (ticker: TRUMP) has increased by 10.6%.
- Prior to his conversation with Musk, Trump started using his X (formerly Twitter) account on Monday.
Over the past week, entrepreneur Elon Musk and former president Donald Trump have been advertising a live interview that is scheduled for Monday night at 8 p.m. ET. Over the past day, a number of memecoins focused on President Trump have increased in value as expectation grows.
The largest cryptocurrency based on Trump by market capitalization, MAGA +11.07% (ticker: TRUMP +3.43%), is up 10.6% to $3.41 at the time of publication. MAGA Hat (MAGA), on the other hand, is up 42% to $0.00007955. Maga: TRUMPCOIN (Fight for Trump) is up 33.5% to $0.00801 on the market.
Other tokens that are trading at a premium between the 10% to 15% range are FreeTrump ($TRUMP), Dark MAGA (DMAGA), and Doland Tremp (TREMP).
PolitiFi’s entire market capitalization is $606 million. CoinGecko keeps track of this subsector, and these coins are not officially associated with any political personalities.
This year, the Republican front-runner for president made a 180-degree turn and welcomed the cryptocurrency community into his reelection campaign. The statement pertaining to the world of cryptocurrency and decentralized finance (DeFi) was hinted at by both of Trump’s sons last week. Donald Trump Jr. emphasized shortly afterward that the tease has nothing to do with memecoins.
Many of the guys are doing amazing things. I adore that culture and memecoins. I adore the work that guys are doing with a few of my pals. Says Don Jr., it’s fantastic. All I need to do is ensure that people realize that one thing cannot be confused with another.
Trump started using his X (previously Twitter) account on Monday in the run-up to his interview with Musk. He had been silent on Twitter for a number of years in favor of his Truth Social platform.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
